Overview
- Financial details disclosed this week show Amazon will pay The New York Times between $20 million and $25 million annually under the multi-year pact.
- The agreement grants Amazon rights to use content from the Times’s core news coverage, NYT Cooking and The Athletic for AI training.
- Amazon plans to incorporate the licensed material into its proprietary foundation models and deliver real-time article summaries via Alexa.
- The annual payment equals almost 1 percent of the Times’s 2024 operating budget, highlighting the growing financial value of news content for AI systems.
- The deal sets a precedent as the Times’s first AI licensing agreement and coincides with its ongoing copyright litigation against OpenAI and Microsoft.