Publishers push for negotiations with generative AI companies, tout new uses in latest earnings calls
Publishing executives used their companies’ latest earnings calls to continue discussing the opportunities and challenges around generative AI technology and its impact on media businesses.
While News Corp CEO Robert Thomson expressed concerns of generative AI “fatally undermining journalism and damaging our societies” during his company’s earnings call on August 10, chief executives from BuzzFeed Inc. and IAC outlined the business and content opportunities from using generative AI tools.
The chief concern for Thomson and IAC’s leadership, however, is tech companies using their content without permission or compensation to train their large language models (LLMs), and said they are in negotiations with those companies to seek payment. But in a similar fashion to earnings calls in Q4 2022 and Q1 2023 when executives discussed the rise of generative AI, there remains a lack of specific examples of how this technology is contributing to publishers’ revenue and profits.
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Source:: Digiday
