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2024-08-22 13:57:20
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California Teams Up with Tech Giants to Invest $250 Million in Journalism and AI Research Over 5 Years
The California state government has partnered with tech companies to invest $250 million to support journalism and AI research, with a plan to implement this over five years, including an initial allocation of $100 million in the first year. The funding is primarily aimed at developing California news organizations and AI research projects. This initiative aims to boost local news vitality and provide job opportunities, seen as a crucial breakthrough for the survival of journalism. The agreement has sparked controversy between the tech industry and lawmakers, with the initial proposal requiring tech companies to pay a percentage of advertising revenue in exchange for linking content, which faced strong opposition. The California News Publishers Association supports the agreement, believing it will benefit the local community.