Aiming to stave off legislation that would mandate payment to use news content, Google is on the verge of striking a deal with the State of California to voluntarily contribute $172.5 million to supporting local news outlets over the next five years. The state would match that with $70 million. If the deal is finalized, the assumption is that the California Journalism Preservation Act would be shelved.
OpenAI has inked a multi-year deal with Condé Nast to use content from its properties on its ChatGPT platform and its prototype SearchGPT. Condé Nast’s portfolio includes The New Yorker, Vanity Fair and Vogue. OpenAI had previously closed similar deals with the Associated Press, Axel Springer, The Atlantic, Financial Times, News Corp and Time.
Publishing martech vendor Admiral has secured $19 million in new funding bringing its total capital raised to $28 million. Admiral helps digital publishers grow relationships with online readers thus increasing loyalty and revenue. It is the leading (okay, the only) vendor offering what it calls “VRM” — visitor relationship management.
Enterprise AI vendor Uniphore has acquired CDP ActionIQ and cloud data engineering system Infoworks. The combination of products will create a Zero Data AI Cloud that simplifies AI deployments by enabling companies to access data for AI projects without moving it from existing systems. Prices were not announced.