Google invests $250m over 5 years in California fund for AI research and local journalism.

Google has signed a deal with California to invest $250m over five years into a fund supporting publishers and journalism. The fund will be used for artificial intelligence research and improving local journalism, with $30m to be paid in the first year and $10m annually for the next four years. California's state taxpayers will contribute one-fourth of the funding, while three-fourths will come from Google and private donors.

August 21, 2024
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