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California has made history by becoming the first U.S. state to allocate millions from taxpayer funds and tech companies to support journalism and AI research. This innovative agreement will see approximately $250 million invested over five years, with $100 million earmarked for the first year alone, primarily benefiting local news organizations. The initiative aims to revitalize journalism in California, ensuring the survival of newsrooms and enhancing the role of journalism in democracy.
The deal marks the conclusion of a year-long struggle between tech giants and lawmakers, particularly over a proposal requiring companies like Google, Facebook, and Microsoft to contribute a portion of their advertising revenue to media outlets. Despite the support from major players like Alphabet and OpenAI, concerns remain about the adequacy of funding and the potential negative impact on independent journalism. Critics argue that while the deal is a step forward, it does not sufficiently address the pressing challenges faced by the media industry in California.
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Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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