California announces new deal with tech to fund journalism, AI research WSOC TV [Video]

SACRAMENTO, Calif. — (AP) — 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 Wednesday.

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 …