Google’s AI Development Program Receives Funding from News Corp
In a recent development, it has been revealed that Google, owned by Alphabet, has entered into an agreement with News Corp to invest between $5 million and $6 million annually in the development of new content and products related to artificial intelligence (AI). The funding for this program will be provided by News Corp, the owner of the Wall Street Journal.
This collaboration between Google and News Corp is not a new occurrence. According to reports, the two companies have been working together for quite some time. A News Corp employee and another individual close to the agreement confirmed this longstanding collaboration.
News Corp, a prominent media conglomerate, currently does not have a contract with Google that allows it to license AI content. However, the company already has various partnerships with Google as part of its business ventures. A spokesperson for News Corp stated that they are excited about their partnership with Google and are looking forward to exploring new opportunities in the AI space.
When approached for comment on this news, Google has not yet responded. It remains to be seen how this collaboration will unfold and what specific AI content and products will be developed as a result.
This partnership between a tech giant like Google and a media giant like News Corp highlights the growing trend of corporations partnering with news organizations to license their archival content for training AI algorithms. By using the vast amount of data contained within news archives, these companies can improve the capabilities of their AI systems, particularly chatbots.
It is worth noting that similar agreements have been made between OpenAI, an AI research organization, and news publishers such as the Financial Times and Axel Springer. For instance, Politico, a brand owned by Axel Springer, has been in partnership with OpenAI since 2017. These collaborations demonstrate the mutual benefits that arise from combining the expertise of news organizations with the technological advancements of AI.
As AI continues to play an increasingly significant role in various industries, it is crucial for companies to invest in its development. Google’s commitment to investing in AI content and products showcases its dedication to staying at the forefront of technological innovation. By collaborating with News Corp, Google can leverage the media company’s extensive resources and expertise in journalism to enhance its AI offerings.
Furthermore, the success of Huawei, which recently reported a 564% surge in profits, serves as a reminder of the fierce competition in the tech industry. As Huawei gains market share and bites into Apple’s market dominance, it is imperative for companies like Google to continuously innovate and adapt to remain competitive.
In conclusion, Google’s partnership with News Corp to invest in AI content and products demonstrates the importance of collaboration between tech giants and news organizations. This collaboration not only benefits both parties involved but also contributes to the advancement of AI technology. As AI continues to evolve, such partnerships will likely become even more prevalent, fostering innovation and driving progress in various industries.
