Meta Platforms, the parent company of Facebook, has entered into a significant multiyear AI content licensing agreement with News Corp. The deal, valued at up to $50 million annually, enables Meta to utilize content from the US and UK for its artificial intelligence products and training initiatives. The three-year partnership marks a strategic move by Meta to enhance its AI capabilities by leveraging News Corp’s content resources.
“This collaboration underscores the growing importance of high-quality content in fueling AI development and innovation within the tech industry,” said Robert Thomson, the Chief Executive of News Corp, confirming ongoing discussions and the potential for further collaboration between the two tech giants.
Source: Tech-Economic Times