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Snapshot 7:Sun, Aug 25, 2024 3:38:32 PM GMT last edited by Eric

Google, California Agree to Five-Year Deal on Journalism and AI Research

Google, California Agree to Five-Year Deal on Journalism and AI Research

Image copyright: Justin Sullivan/Staff/Getty Images News via Getty Images

The Spin

This is a win for all parties involved. The previous draft bills threatened Google and other digital platforms with unfair taxation backed by lobbyists of big media conglomerates for merely connecting Californians to their online news outlets of choice. This pact between Google and California is a historic partnership aimed at supporting the local media ecosystem through philanthropy and innovation.

Instead of remaining committed to the fight against Big Tech and its grip on the internet's information environment, California has sold out to the very monopoly that the draft legislation sought to hold accountable. Through this deal, local media is now more reliant than ever on Google for its survival, with Gov. Newsom and his supporters choosing to side with Silicon Valley over independent journalism from the safety of smoke-filled rooms.

ThereThis is a 25%win chancefor thatall anparties actinvolved. suchThe asprevious thedraft Journalismbills Competitionthreatened Google and Preservationother Actdigital willplatforms significantlywith strengthenunfair UStaxation newsbacked companies'by bargaininglobbyists positionof beforebig 2025,media accordingconglomerates for merely connecting Californians to their online news outlets of choice. This pact between Google and California is a historic partnership aimed at supporting the Metaculuslocal predictionmedia communityecosystem through philanthropy and innovation.

Instead of remaining committed to the fight against Big Tech and its grip on the internet's information environment, California has sold out to the very monopoly that the draft legislation sought to hold accountable. Through this deal, local media is now more reliant than ever on Google for its survival, with Gov. Newsom and his supporters choosing to side with Silicon Valley over independent journalism from the safety of smoke-filled rooms.

Metaculus Prediction

There is a 25% chance that an act such as the Journalism Competition and Preservation Act will significantly strengthen US news companies' bargaining position before 2025, according to the Metaculus prediction community.


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