Sara Fischer, author of Axios Media Trends

The Associated Press on Thursday said it reached a two-year deal with OpenAI, the parent company to ChatGPT, to share access to select news content and technology.

Why it matters: The deal marks one of the first official news-sharing agreements made between a major U.S. news company and an artificial intelligence firm.

Details: As part of the deal, OpenAI will license some of the AP’s text archive dating back to 1985 to help train its artificial intelligence algorithms.

The big picture: The news industry is grappling with ways to best leverage artificial intelligence to improve output, while also protecting its work from being used to train AI algorithms without permission or compensation.