OpenAI is licensing content from Dotdash Meredith for at least $16 million annually, with potential for additional variable payments based on licensing revenue.
CFO Chris Halpin noted that Dotdash Meredith's licensing revenue was up about $4.1 million year-over-year, indicating that OpenAI's deal is significantly impacting the financials.
This partnership allows Dotdash Meredith to utilize OpenAI's models to enhance its in-house ad-targeting tools and ensure that ChatGPT displays links to their various publications.
With this agreement, OpenAI is moving towards compensating companies for content usage, following lawsuits from major publishers like The New York Times.
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