The startup reached deals with publishers to use their content to train its AI, including Le Monde and Prisa Media; Financial Times; Dotdash Meredith; Reddit; News Corp.; The Atlantic and Vox Media; Time; and Condé Nast.
And OpenAI reached a major partnership with Apple in June.
However, OpenAI was also hit with lawsuits over scraping content from publishers including The New York Times; the Center for Investigative Reporting; a group of newspapers including the Chicago Tribune, The Denver Post, The Mercury News (San Jose, Calif.); the New York Daily News, The Orange County Register (Calif.), the Orlando Sentinel (Fla.), the South Florida Sun Sentinel, and the Twin Cities Pioneer Press (St. Paul, Minn.); and AlterNet, The Intercept, and Raw Story.
What VCs are looking for
With generative AI continuing to make its mark on the investment sector, ADWEEK’s Trishla Ostwal spoke with five venture capitalists in the adtech sector last month, learning what the industry is looking for.
The ability to generate revenue was a key factor, with Sanja Partalo of S4S Ventures telling Ostwal, “They have to have some level of revenue,” and Progress Ventures’ Adriaan Zur Muhlen saying he prioritizes companies that have proven that they can generate at least $1 million.
While revenue is also considered by BDMI’s Sim Blaustein, he told Ostwal, “We also consider companies that are further out there—those that aren’t necessarily something that we know is going to work but are building something cool and with an exciting team behind them.”