John Wiley & Sons, commonly known as Wiley, a renowned educational textbook publisher, revealed in their latest quarterly report that the company has initiated a project to grant access to licensed book content for a large technology company to train Generative AI models. The undisclosed company has generated a revenue of $23 million from this collaboration.
Wiley also disclosed ongoing negotiations with another major technology company, with a deal expected to commence in the latter half of this year. This presents a significant opportunity for the company to enhance its asset value.
In addition to textbooks spanning various fields including computer science, Wiley is also well-known for producing the popular “For Dummies” book series.
Source: MarketWatch
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TLDR: Wiley partners with technology companies to provide access to licensed book content for training Generative AI models, leading to significant revenue generation and opportunities for asset value growth.
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