Billionaire Investors Urgently Needed to Rescue the Ailing News Industry

The gloomy reality for digital media:

The coverage doesn’t insulate the owner from the challenges facing many traditional media companies. The Los Angeles Times, The Washington Post and Time are all in the red despite big investments and efforts to boost revenues. The Los Angeles Times may see deep job cuts as last year the company trimmed about 74 jobs. The Washington Post didn’t fare any better and let go of 240 employees. Time suffered a $20 million loss. Even established publications like The Boston Globe and The Atlantic are struggling for profitability. The rise of AI-powered apps is eroding readership. These billionaires are getting fatigued by the struggle to make money, even if it doesn’t affect their lavish lifestyles.

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Unlikely Industry Player Anguilla Profits Big from A.I. Boom

Artificial intelligence’s integration into everyday life has stirred up doubts and unsettling questions for many about humanity’s path forward. But in Anguilla, a tiny Caribbean island to the east of Puerto Rico, the A.I. boom has made the country a fortune. The British territory collects a fee from every registration for internet addresses that end […]

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China Surpasses U.S. in A.I. Talent: A Key Metric

China lags behind the United States in artificial intelligence that powers chatbots like ChatGPT but excels in producing scientists behind new humanoid technologies. New research reveals that China has surpassed the United States as the biggest producer of A.I. talent. The country generates almost half the world’s top A.I. researchers, compared to 18 percent from […]

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Brands Brace for Impact as TikTok Faces Criticism

Amid debate in Washington over whether TikTok should be banned if its Chinese owner doesn’t sell it, one group is watching with particular interest: the many brands — particularly in the beauty, skin care, fashion, and health and wellness industries — that have used the video app to boost their sales. Youthforia, a makeup brand […]

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