logo
Google seeks licensing talks with news organisations, following AI rivals

Google seeks licensing talks with news organisations, following AI rivals

The company plans to launch a pilot project initially with about 20 national news outlets, according to one of the people
Bloomberg
By Julia Love and Hannah Miller
Google is seeking to recruit news organizations for a new licensing project related to artificial intelligence, according to people familiar with the matter, a sign the company wants to strengthen strained ties with the industry.
The company plans to launch a pilot project initially with about 20 national news outlets, according to one of the people, who works at a media outlet that was contacted and asked not to be identified discussing private talks.
'We've said that we're exploring and experimenting with new types of partnerships and product experiences, but we aren't sharing details about specific plans or conversations at this time,' a Google spokesperson said in a statement.
Getting Alphabet Inc.'s Google to pay for content for AI projects could be a big win for struggling media companies, which have lost readers and advertisers to digital outlets for years and view artificial intelligence as a new, potentially existential threat. With the exception of a partnership with the Associated Press earlier this year and a 2024 pact with Reddit, Google has mostly sat on the sidelines while AI rivals strike deals with publishers.
Startups Perplexity AI Inc. and OpenAI have both started paying publishers to use their content in their chatbots, giving the media companies a much-needed infusion of revenue.
Google's licensing project is tailored to specific products, according to another person familiar with the plan. They didn't share additional details of the program, such as possible terms.
Google cites articles and online outlets in its AI Overviews, which are short, AI-generated responses that top many search results. While publishers believe those summaries have cut traffic to their websites, they have been hesitant to shield their content from Google's AI tools for fear of hurting their visibility in the company's search results.
Silicon Valley and the media industry have been at odds over tech companies' use of news content to build AI programs, with publishers worried it will further erode their relationship with readers. In late 2023, the New York Times sued OpenAI, alleging that the startup and its largest investor, Microsoft Corp., relied on copyrighted articles to train the popular ChatGPT chatbot and other artificial intelligence features.
Yet as the media industry increasingly speaks out about the need for compensation, technology companies seem to be recognizing they must come to terms with news outlets, said David Gehring, chief executive officer of Distributed Media Lab, a company that works with publishers and advertisers. Gehring said he had no knowledge of Google's latest talks with publishers.
'Google and the other platforms realize that — if not by virtue of public policy then by virtue of technology — the platforms' access to unlimited web data is about to end,' said Gehring, who previously worked on news partnerships at Google and the UK newspaper the Guardian. 'And so they need to have licensing relationships in place, or there won't be any blood to put in the veins of the AI monster.'
In July, Cloudflare Inc., a web infrastructure and security company, announced a 'pay per crawl' program that lets creators bill AI services for access to their content.
'Google still thinks they're special and that they don't have to play by the same rules that the rest of the industry does,' Cloudflare CEO Matthew Prince said in an interview. 'Eventually, Google will get in line with what the large AI companies have been saying for a long time, which is that ultimately content providers need to be paid for their content.'
Google has long engaged in a delicate dance with news outlets. Many publishers depend on the search engine for traffic when news breaks. Yet industry leaders have cried foul about the tech giant's use of their content in products such as Google News, which displays headlines and short snippets of articles.
In the past, Google has offered programs such as Google News Showcase to compensate publishers without undermining its core argument that the copyright doctrine of fair use permits use of their material. The company has also been more open to striking deals with wire services such as the AP, which are in the business of licensing content.
Earlier this year, Google announced a partnership with the AP to provide news for its Gemini chatbot, its first deal of that nature. The tech giant has also explored an audio AI news product under its Gemini brand that leverages the content it's licensing from the AP, according to a person familiar with the matter.
For the long-term health of the news business, Danielle Coffey, president of the News/Media Alliance trade group, said she is focused on ensuring the industry has 'a legally sustainable right to compensation and protections that will provide a fair market exchange for our valuable content across the board.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The high-schoolers who just beat the world's smartest AI models
The high-schoolers who just beat the world's smartest AI models

Mint

time11 minutes ago

  • Mint

The high-schoolers who just beat the world's smartest AI models

The smartest AI models ever made just went to the most prestigious competition for young mathematicians and managed to achieve the kind of breakthrough that once seemed miraculous. They still got beat by the world's brightest teenagers. Every year, a few hundred elite high-school students from all over the planet gather at the International Mathematical Olympiad. This year, those brilliant minds were joined by Google DeepMind and other companies in the business of artificial intelligence. They had all come for one of the ultimate tests of reasoning, logic and creativity. The famously grueling IMO exam is held over two days and gives students three increasingly difficult problems a day and more than four hours to solve them. The questions span algebra, geometry, number theory and combinatorics—and you can forget about answering them if you're not a math whiz. You'll give your brain a workout just trying to understand them. Because those problems are both complex and unconventional, the annual math test has become a useful benchmark for measuring AI progress from one year to the next. In this age of rapid development, the leading research labs dreamed of a day their systems would be powerful enough to meet the standard for an IMO gold medal, which became the AI equivalent of a four-minute mile. But nobody knew when they would reach that milestone or if they ever would—until now. This year's International Mathematical Olympiad attracted high-school students from all over the world. The unthinkable occurred earlier this month when an AI model from Google DeepMind earned a gold-medal score at IMO by perfectly solving five of the six problems. In another dramatic twist, OpenAI also claimed gold despite not participating in the official event. The companies described their feats as giant leaps toward the future—even if they're not quite there yet. In fact, the most remarkable part of this memorable event is that 26 students got higher scores on the IMO exam than the AI systems. Among them were four stars of the U.S. team, including Qiao (Tiger) Zhang, a two-time gold medalist from California, and Alexander Wang, who brought his third straight gold back to New Jersey. That makes him one of the most decorated young mathematicians of all time—and he's a high-school senior who can go for another gold at IMO next year. But in a year, he might be dealing with a different equation altogether. 'I think it's really likely that AI is going to be able to get a perfect score next year," Wang said. 'That would be insane progress," Zhang said. 'I'm 50-50 on it." So given those odds, will this be remembered as the last IMO when humans outperformed AI? 'It might well be," said Thang Luong, the leader of Google DeepMind's team. Until very recently, what happened in Australia would have sounded about as likely as koalas doing calculus. But the inconceivable began to feel almost inevitable last year, when DeepMind's models built for math solved four problems and racked up 28 points for a silver medal, just one point short of gold. This year, the IMO officially invited a select group of tech companies to their own competition, giving them the same problems as the students and having coordinators grade their solutions with the same rubric. They were eager for the challenge. AI models are trained on unfathomable amounts of information—so if anything has been done before, the chances are they can figure out how to do it again. But they can struggle with problems they have never seen before. As it happens, the IMO process is specifically designed to come up with those original and unconventional problems. In addition to being novel, the problems also have to be interesting and beautiful, said IMO president Gregor Dolinar. If a problem under consideration is similar to 'any other problem published anywhere in the world," he said, it gets tossed. By the time students take the exam, the list of a few hundred suggested problems has been whittled down to six. Meanwhile, the DeepMind team kept improving the AI system it would bring to IMO, an unreleased version of Google's advanced reasoning model Gemini Deep Think, and it was still making tweaks in the days leading up to the competition. The effort was led by Thang Luong, a senior staff research scientist who narrowly missed getting to IMO in high school with Vietnam's team. He finally made it to IMO last year—with Google. Before he returned this year, DeepMind executives asked about the possibility of gold. He told them to expect bronze or silver again. He adjusted his expectations when DeepMind's model nailed all three problems on the first day. The simplicity, elegance and sheer readability of those solutions astonished mathematicians. The next day, as soon as Luong and his colleagues realized their AI creation had crushed two more proofs, they also realized that would be enough for gold. They celebrated their monumental accomplishment by doing one thing the other medalists couldn't: They cracked open a bottle of whiskey. Key members of Google DeepMind's gold-medal-winning team, including Thang Luong, second from left. To keep the focus on students, the companies at IMO agreed not to release their results until later this month. But as soon as the Olympiad's closing ceremony ended, one company declared that its AI model had struck gold—and it wasn't DeepMind. It was OpenAI. The company wasn't a part of the IMO event, but OpenAI gave its latest experimental reasoning model all six problems and enlisted former medalists to grade the proofs. Like DeepMind's, OpenAI's system flawlessly solved five and scored 35 out of 42 points to meet the gold standard. After the OpenAI victory lap on social media, the embargo was lifted and DeepMind told the world about its own triumph—and that its performance was certified by the IMO. Not long ago, it was hard to imagine AI rivals dueling for glory like this. In 2021, a Ph.D. student named Alexander Wei was part of a study that asked him to predict the state of AI math by July 2025—that is, right now. When he looked at the other forecasts, he thought they were much too optimistic. As it turned out, they weren't nearly optimistic enough. Now he's living proof of just how wrong he was: Wei is the research scientist who led the IMO project for OpenAI. The only thing more impressive than what the AI systems did was how they did it. Google called its result a major advance, though not because DeepMind won gold instead of silver. Last year, the model needed the problems to be translated into a computer programming language for math proofs. This year, it operated entirely in 'natural language" without any human intervention. DeepMind also crushed the exam within the IMO time limit of 4 ½ hours after taking several days of computation just a year ago. You might find all of this completely terrifying—and think of AI as competition. The humans behind the models see them as complementary. 'This could perhaps be a new calculator," Luong said, 'that powers the next generation of mathematicians." Speaking of that next generation, the IMO gold medalists have already been overshadowed by AI. So let's put them back in the spotlight. Team USA at the International Mathematical Olympiad, including Alexander Wang, fourth from right, and Tiger Zhang, with the stuffed red panda on his head. Qiao Zhang is a 17-year-old student in Los Angeles on his way to MIT to study math and computer science. As a young boy, his family moved to the U.S. from China and his parents gave him a choice of two American names. He picked Tiger over Elephant. His career in competitive math began in second grade, when he entered a contest called the Math Kangaroo. It ended this month at the math Olympics next to a hotel in Australia with actual kangaroos. When he sat down at his desk with a pen and lots of scratch paper, Zhang spent the longest amount of time during the exam on Problem 6. It was a problem in the notoriously tricky field of combinatorics, the branch of mathematics that deals with counting, arranging and combining discrete objects, and it was easily the hardest on this year's test. The solution required the ingenuity, creativity and intuition that humans can muster but machines cannot—at least not yet. 'I would actually be a bit scared if the AI models could do stuff on Problem 6," he said. Problem 6 did stump DeepMind and OpenAI's models, but it wasn't just problematic for AI. Of the 630 student contestants, 569 also received zero points. Only six received the full credit of seven points. Zhang was proud of his partial solution that earned four points—which was four more than almost everyone else. At this year's IMO, 72 contestants went home with gold. But for some, a medal wasn't their only prize. Zhang was among those who left with another keepsake: victory over the AI models. (As if it weren't enough that he can bend numbers to his will, he also has a way with words and wrote this about his IMO experience.) In the end, the six members of the U.S. team piled up five golds and one silver, finishing second overall behind the Chinese after knocking them off the top spot last year. There was once a time when such precocious math students grew up to become professors. (Or presidents—the recently elected president of Romania was a two-time IMO gold medalist with perfect scores.) While many still choose academia, others get recruited by algorithmic trading firms and hedge funds, where their quantitative brains have never been so highly valued. This year, the U.S. team was supported by Jane Street while XTX Markets sponsored the whole event. After all, they will soon be competing with each other—and with the richest tech companies—for their intellectual talents. By then, AI might be destroying mere humans at math. But not if you ask Junehyuk Jung. A former IMO gold medalist himself, Jung is now an associate professor at Brown University and visiting researcher at DeepMind who worked on its gold-medal model. He doesn't believe this was humanity's last stand, though. He thinks problems like Problem 6 will flummox AI for at least another decade. And he walked away from perhaps the most significant math contest in history feeling bullish on all kinds of intelligence. 'There are things AI will do very well," he said. 'There are still going to be things that humans can do better." Write to Ben Cohen at

EM debt hedge funds play safe amid rally
EM debt hedge funds play safe amid rally

Economic Times

timean hour ago

  • Economic Times

EM debt hedge funds play safe amid rally

"It is very hard to predict what they will do next with tariffs, and on top of that you have ongoing wars," Efstathiou said. Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Hedge funds dedicated to emerging-market debt are increasingly turning to risk-mitigating strategies to ensure they lock in double digit gains as a broad rally in developing nation assets a banner first half of the year, hedge funds targeting EM debt have returned nearly 13% on an annual basis-more than their peers positioned in any other asset class, according to data based on Bloomberg latest global financial flows data shows the asset class remains thriving and the extra yield investors demand to hold the sovereign debt of developing nations over US Treasuries just hit a 15-year low. Such tight pricing, along with uncertainty over US policies and global conflicts, is pushing hedge funds to curb risks as they ride the historic rally. The funds do this by swapping longer-maturity bonds in their portfolios for less risky shorter-dated ones. They also focus on higher-rated debt and the most-liquid securities while keeping an ample cash pile."Do you just want to be massively long on credit on these valuations? I'd say probably not," said Anthony Kettle, who co-manages BlueBay Emerging Market Unconstrained Bond Fund with Polina Kurdyavko and Brent David. "Having a little bit of dry powder evidently makes sense, and also running elevated cash levels."To be clear, Kettle said, there's still a "decent environment" to gain additional returns as funds become more selective and can profit from both rising and falling asset prices, unlike index-based investors. The $784-million BlueBay fund has returned 17% over the past 12 have taken advantage of EM inflows stoked by increased interest for alternative assets amid US policy unpredictability, which has also weakened the dollar. While many developing countries have come out of distressed debt levels as sentiment improved, further risks include another Iran-Israel flare up and potential additional increases in US tariffs, including on the buyers of Russian Donald Trump's administration has caused a "breakdown of the traditional safe haven correlations" by shaking up the post-Cold War world order, creating an "unusual and unpredictable" environment, said Demetris Efstathiou, the chief investment officer of Blue Diagonal EM Fixed Income Fund."It is very hard to predict what they will do next with tariffs, and on top of that you have ongoing wars," Efstathiou said.

EM debt hedge funds play safe amid rally
EM debt hedge funds play safe amid rally

Time of India

timean hour ago

  • Time of India

EM debt hedge funds play safe amid rally

"It is very hard to predict what they will do next with tariffs, and on top of that you have ongoing wars," Efstathiou said. Emerging-market debt hedge funds, boasting impressive double-digit returns this year, are strategically mitigating risks amidst a deepening rally. Funds are swapping longer-maturity bonds for shorter-dated ones, prioritizing higher-rated, liquid securities, and increasing cash reserves. This cautious approach addresses uncertainties stemming from US policies, global conflicts, and tight pricing, while still seeking selective opportunities for further gains. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets 1. India's ESG bond market picks up as global and domestic push align: Vineet Agrawal of Jiraaf Hedge funds dedicated to emerging-market debt are increasingly turning to risk-mitigating strategies to ensure they lock in double digit gains as a broad rally in developing nation assets a banner first half of the year, hedge funds targeting EM debt have returned nearly 13% on an annual basis-more than their peers positioned in any other asset class, according to data based on Bloomberg latest global financial flows data shows the asset class remains thriving and the extra yield investors demand to hold the sovereign debt of developing nations over US Treasuries just hit a 15-year low. Such tight pricing, along with uncertainty over US policies and global conflicts, is pushing hedge funds to curb risks as they ride the historic rally. The funds do this by swapping longer-maturity bonds in their portfolios for less risky shorter-dated ones. They also focus on higher-rated debt and the most-liquid securities while keeping an ample cash pile."Do you just want to be massively long on credit on these valuations? I'd say probably not," said Anthony Kettle, who co-manages BlueBay Emerging Market Unconstrained Bond Fund with Polina Kurdyavko and Brent David. "Having a little bit of dry powder evidently makes sense, and also running elevated cash levels."To be clear, Kettle said, there's still a "decent environment" to gain additional returns as funds become more selective and can profit from both rising and falling asset prices, unlike index-based investors. The $784-million BlueBay fund has returned 17% over the past 12 have taken advantage of EM inflows stoked by increased interest for alternative assets amid US policy unpredictability, which has also weakened the dollar. While many developing countries have come out of distressed debt levels as sentiment improved, further risks include another Iran-Israel flare up and potential additional increases in US tariffs, including on the buyers of Russian Donald Trump's administration has caused a "breakdown of the traditional safe haven correlations" by shaking up the post-Cold War world order, creating an "unusual and unpredictable" environment, said Demetris Efstathiou, the chief investment officer of Blue Diagonal EM Fixed Income Fund."It is very hard to predict what they will do next with tariffs, and on top of that you have ongoing wars," Efstathiou said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store