OpenAI signs multi-year content deal with Time magazine Time magazine has signed a multi-year content deal with OpenAI that would give the ChatGPT maker access to its archive of news content, the companies said on Thursday. In response to user queries, the chatbot will cite and link back to the original source on Time.com, the companies added in a statement. The financial terms of the deal were not disclosed. The artificial intelligence company has signed similar deals over the past few months with the Financial Times, Business Insider-owner Axel Springer, France's Le Monde and Spain-based Prisa Media. While some media companies like the New York Times and The Intercept have previously sued OpenAI for the use of their journalism, these content partnerships are essential for training AI models. These deals can also provide lucrative opportunity for news publishers, who have historically been excluded from the profits that internet giants generate by distributing their content.

Increased spending pushes 2024 US budget deficit estimate to $1.9 trillion The U.S. budget deficit will jump to $1.915 trillion for fiscal 2024, topping last year's $1.695 trillion gap as the largest outside the COVID-19 era, the Congressional Budget Office said on Tuesday, citing increased spending for a 27% increase over its previous forecast. The CBO said in an update to its budget outlook, that higher outlays for student loan relief, Medicaid healthcare for the poor, higher Federal Deposit Insurance Corp costs to resolve bank failures and U.S. aid to Ukraine and Israel make up the bulk of a $408 billion increase in this year's projected deficit since February, when it forecast a $1.507 trillion deficit. If realized, the forecast for the fiscal year ended Sept. 30 would mean a second consecutive substantial deficit increase for U.S.

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