News media companies are cutting deals with AI to adapt to technological advances, despite initial resistance, as they navigate the impact of AI on publishing, seeking new revenue streams while balancing the threat to traditional journalism.
Barry Diller organized his fellow media moguls a little over a year ago to oppose artificial intelligence's advance into the publishing industry. He declared that it was time to "absolutely instigate litigation" against the tech corporations who were attempting to "cannibalize everything" and "scrape our content."
“If all the world’s information is able to be sucked up in this maw, and then essentially repackaged … there will be no publishing,” he warned at a media conference in April last year.
“If you think that won’t happen,” he added, “you’re just being a fool.”
But last month, Microsoft and OpenAI, the company that created ChatGPT, inked a "strategic partnership and licensing agreement" with Diller's IAC, which is the owner of...
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