OpenAI has entered into a licensing agreement with Dotdash Meredith, committing at least $16 million annually for the use of its content to train ChatGPT. This financial figure, confirmed through public documents, reflects only the fixed portion of the payment, with potential for additional variable components in the future.
According to Dotdash Meredith's CFO, Chris Halpin, the licensing revenue has seen a significant increase, largely attributed to OpenAI. The partnership will not only allow OpenAI to train its AI models but also enable Dotdash Meredith to enhance its ad-targeting tools using AI technology.
Dotdash Meredith publishes several well-known brands, including Better Homes & Gardens, Lifewire, and Investopedia. This collaboration signifies a growing trend where publishers provide content to AI companies, following similar agreements with other entities like the Financial Times and HarperCollins.