California will become the first state to allocate $250 million from taxpayer and tech company funding to support journalism and AI research initiatives, starting in 2025.
Buffy Wicks emphasized that this historic agreement aims to ensure the survival of newsrooms in California while leveraging technology resources without imposing additional taxes on residents.
Governor Gavin Newsom stated that funding will help create hundreds of new journalism jobs, reinforcing the essential role of media in a democratic society.
The deal concluded a year-long debate between lawmakers and tech giants regarding a proposed bill requiring companies to pay a portion of advertising revenue to news media.
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