SACRAMENTO, Calif. — California will be the veryfirst U.S. state to direct millions of dollars from taxpayer cash and tech business to assistance pay for journalism and AI researchstudy under a brand-new offer revealed Wednesday.
Under the first-in-the-nation arrangement, the state and tech business would jointly pay approximately $250 million over 5 years to assistance California-based news company and produce an AI researchstudy program. The efforts are set to kick in in 2025 with $100 million the veryfirst year, and the bulk of the cash would go to news companies, stated Democratic Assemblymember Buffy Wicks, who brokered the offer.
“This contract represents a significant development in guaranteeing the survival of newsrooms and strengthening regional journalism throughout California — leveraging considerable tech market resources without enforcing brand-new taxes on Californians,” Gov. Gavin Newsom stated in a declaration. “The offer not just supplies financing to assistance hundreds of brand-new reporters however assists reconstruct a robust and vibrant California press corps for years to come, enhancing the essential function of journalism in our democracy.”
Wicks’ workplace didn’t rightaway response concerns about specifics on how much financing would come from the state, which news companies would be qualified and how much cash would go to the AI researchstudy program.
The offer successfully marks the end of a yearlong battle inbetween tech giants and legislators over Wicks’ proposition to need business like Google, Facebook and Microsoft to