“If you think that won’t happen,” he added, “you’re just being a fool.”
This month, however, Diller’s IAC — which owns People, Food & Wine and InStyle, among other well-known magazines — signed a “strategic partnership and licensing agreement” deal with Microsoft and OpenAI, the creator of ChatGPT. OpenAI will now be allowed to tap into some of the company’s copious archives, in exchange for providing links (and, theoretically, web traffic) back to the original stories.