Avail Announces Corpus: a First-of-its-kind Platform Enabling Creators and Rights Holders to Monetize Their Content for LLM Training and Real-time Answer Retrieval
2024年7月17日 - 11:00PM
ビジネスワイヤ(英語)
Now live at itsavail.com/corpus
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This morning, Avail, a leading AI research company focused on
the media industry, launched Corpus, a new platform enabling
creators and media rights holders to license their work to AI model
developers. Corpus enables rights holders to seek compensation for
both catalog content and real-time answers derived from their
work.
An emerging economy is giving IP rights holders a new path to
monetize their content, with the biggest players benefiting the
most:
- Alphabet and Meta have offered millions to studios to license
their content, according to a report in Bloomberg.
- According to a report in The Verge, OpenAI has signed
agreements with Vox Media, The Atlantic, News Corp, DotDash
Meredith, the Financial Times, and The Associated Press, amongst
other publishers, to license their content to train large language
models.
- While deal terms were not disclosed in most agreements, Reddit
shared in February ahead of its IPO filing that it had made more
than $200 million by licensing its data to OpenAI.
“AI has enabled an incredible new revenue stream for rights
holders, but so far, only goliath players have been able to strike
deals. Our platform allows creators and smaller media companies to
get in on the action by leveraging collective scale,” said Chris
Giliberti, CEO of Avail. “The opportunity is bigger than training
data. To answer their users, chatbots are increasingly retrieving
real time content from media properties. We want to help rights
holders get cited and paid; it’s crucial, as the longstanding
search and ad revenue model breaks down.”
The Corpus homepage features a valuation calculator, extending
media companies and creators an estimate of their catalog’s worth
based on recent benchmarks. Interested rights holders can sign up
for a Corpus account to enable licensing.
Leading podcast networks, video producers, and online
publications are already using Corpus. Launch partners include
leading short form video network Mad Realities and Sonoro, the
largest Spanish language podcast producer.
Of their partnership with Avail, Sonoro CEO Joshua Weinstein
commented, "As a rights holder with one of the largest Spanish
language podcast libraries in the world, protecting our IP is a top
priority. The Corpus valuation and paywall infrastructure is an
important resource, helping us determine and guard the value of our
assets in this new market."
Alice Ma, CEO & Co-Founder of Mad Realities, commented: "AI
will inevitably shift the economic model in our industry and make
creative work more valuable than ever. AI models are scraping and
taking this valuable IP right now. Mad Realities exists at the
frontier of technology and entertainment, and we’re excited to
partner with Avail to explore how to shift value in the age of AI
into the hands of creatives and creators.”
Avail was founded by CEO Chris Giliberti, a Golden
Globe-nominated media executive who produced Homecoming (Amazon),
served as Spotify’s head of TV & film, and worked as a
media-focused management consultant at BCG. Avail’s tech team is
led by co-founder Ryan Riebling, who spent over 7 years at Amazon
as an engineering leader.
The company is backed by top-tier Silicon Valley and Hollywood
names, including Seven Seven Six (Alexis Ohanian), General
Catalyst, and Advancit Capital (Shari Redstone).
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version on businesswire.com: https://www.businesswire.com/news/home/20240717019362/en/
Chris Willard Chris Willard Communications
chris@chriswillardcomms.com