Google unveils €150 million fund

Google unveils €150 million fund

Google announced a €150 million partnership with European media Tuesday that aims to "promote high-quality journalism through technology and innovation", a move that comes after years of disputes with EU media and anti-trust regulators.

Speaking at the FT Media Conference in London on Tuesday, Carlo D'Asaro Biondo, Google's president of strategic partnerships in Europe, described the creation of the Digital News Initiative as a programme to build "more sustainable models for news".

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