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CALIFORNIA ANNOUNCES NEW DEAL WITH TECH TO FUND JOURNALISM, AI RESEARCH
Techlife News
|Techlife News #669
California will be the first U.S. state to direct millions of dollars from taxpayer money and tech companies to help pay for journalism and AI research under a new deal announced this week.
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Under the first-in-the-nation agreement, the state and tech companies would collectively pay roughly $250 million over five years to support California-based news organization and create an AI research program. The initiatives are set to kick in in 2025 with $100 million the first year, and the majority of the money would go to news organizations, said Democratic Assemblymember Buffy Wicks, who brokered the deal.
"This agreement represents a major breakthrough in ensuring the survival of newsrooms and bolstering local journalism across California - leveraging substantial tech industry resources without imposing new taxes on Californians," Gov. Gavin Newsom said in a statement. "The deal not only provides funding to support hundreds of new journalists but helps rebuild a robust and dynamic California press corps for years to come, reinforcing the vital role of journalism in our democracy."
This story is from the Techlife News #669 edition of Techlife News.
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