Dow Jones is introducing generative AI summaries to Factiva, the company’s research and news database tool. Dow Jones has licensing agreements with more than 4,000 global news organizations, including The Associated Press, The Washington Post, and Dow Jones’ own titles such as The Wall Street Journal and MarketWatch.
Companies in industries such as financial services and technology pay to use Factiva to research companies, people, news, and monitor media. Government agencies and US universities also use Factiva’s platform for research. Factiva claims to have 1 million registered users in 200 countries and 32 languages. Factiva’s competitors include Meltwater, Cision, and AlphaSense.
Factiva’s technology is built using Google’s Gemini. gen AI Summary allows users to see customized search responses pulled from licensed news sources and links to the original articles on Factiva’s platform. Gen AI also recommends follow-up questions based on your query for further searches.
“We are able to build on a generative AI ecosystem that enables search summarization, recommendations, and enhanced personalization,” said Tracy Mabry, general manager at Factiva. Masu. “We want users to use Factiva to make business decisions and make that process easier and faster.”
Dow Jones is ramping up its AI efforts as part of a partnership with News Corp. and OpenAI, a move that highlights growing tensions between publishers and tech companies. As generative AI gains traction among consumers, publishers are seeking fair compensation and insisting that their content is protected by copyright law. Meanwhile, AI companies say it’s legal to use public data to train their models.
Mabry said Dow Jones tested the accuracy and repeatability of Factiva’s generated AI summaries, but declined to say how long the testing phase was.
“We’ve been testing and iterating on semantic search for quite some time,” she said. “We have received positive feedback from customers who are already using Factiva’s Gen AI Summaries in beta.”
The new licensing agreement also focuses on local publishers, representing approximately 1,500 regional titles across cities such as Boston, Karachi, Sao Paulo and Sacramento. The license agreement also includes languages such as Arabic, Chinese, English, French, Korean, and Russian. Dow Jones did not reveal the name of the regional title.
Mabry emphasized that Factiva’s search rankings are not influenced by advertising. If your local newspaper provides the most relevant and accurate information, it will rank first in search results.
Additionally, Dow Jones has established a “royalty ecosystem” where each time an article is published in an answer, a portion of the content used triggers a payment to the publisher. Details of the payment program were not disclosed.
“We believe journalism needs to be compensated,” Mabry said. “Our sources are verified, properly licensed, and fairly compensated for their use.”
