AXEL SPRINGER

Axel Springer partners with Microsoft Azure for AI migration, expanding with AI chat experience. Monetizes through Microsoft Advertising. Brands like Politico, Business Insider, Bild, Welt involved. Features AI assistant "Hey_".

Henry Kravis is an American tycoon, investor, and philanthropist. Co-founder of KKR & Co. Inc., Kravis has carved an illustrious path marked by significant achievements, astute investments, and a profound impact on various sectors. Kravis led KKR th...

OpenAI has refuted some of these allegations and claimed that the fair use doctrine of copyright laws will apply in its case. ET explains the case and its ramifications.

OpenAI recently inked a multiyear licensing deal with Politico’s parent company Axel Springer SE for tens of millions of dollars. In July, OpenAI announced an agreement with The Associated Press for an undisclosed amount.

The New York Times has filed a lawsuit against OpenAI and Microsoft, accusing them of unlawfully replicating millions of articles to train AI models, posing a threat to the newspaper's services. Creators in various fields express concerns about AI u...

As part of the deal, when users ask ChatGPT a question, the chatbot will deliver summaries of relevant news stories from Axel Springer brands including Politico, Business Insider, Bild and Welt.

Upday will close by the end of the year in its current form, with the new service scheduled to launch in the summer of 2024.

The US search engine operator reached the agreement with Corint Media, an umbrella organisation that represents the interests of German and international publishers including Sat.1, ProSieben, RTL, Axel Springer and CNBC.

"For newsrooms, AI opens up new paths and freedoms. Journalists can outsource tedious work to AI and devote more time and energy to their core tasks," Chief Information Officer Samir Fadlallah told Reuters on the sidelines of a media conference in B...

Media executives see the technology, commonly known as generative AI, as a new existential threat. They worry people will find chatbot summaries of articles good enough and not visit their websites, stealing readers and advertisers, as earlier inter...

But many commentators believe journalism is on the cusp of a revolution where mastery of algorithms and AI tools that generate content will be a key battleground.

Launch of news media platform comes close on the heels of Cox Enterprises buying Axios for $525 million in cash.

Atlanta-based Cox, a family-owned conglomerate that also owns the Dayton Daily News and other newspapers in Ohio, said the acquisition will help diversify its business. Axios is selling at roughly five times its projected 2022 revenue of more than $...

The agreement reels in the last big holdout in Germany after Facebook signed up a string of publishers in March to provide content for its local news product.

Acquisition comes about a month after the SoftBank-backed company committed €300 million investment in its European vacation rentals business

Ritesh Agarwal, founder and group CEO, OYO said the company sees vacation homes as a unique opportunity.

Media has not traditionally been the top investment area for VCs, but some big wins drew interest to the sector. AOL spent $315 million to acquire the Huffington Post in 2011, and the publication has become a cornerstone of Verizon Communications's ...

As part of the Viva Summit, over 5,000 startups will showcase themselves to leaders, investors and academicians, as per the event’s website.

Sumant Mandal, partner at March Capital Partners said that the investment firm will continue to explore investment opportunities in Asia’s third-largest economy.