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Axios Wants to Save Local News with AI

Columbia Journalism Review · Issie Lapowsky · last updated
“At the end of the day, if someone’s going to pay you for content, you say: Well, how much are you going to pay me?” Jim VandeHei, the chief executive, said of his company’s deal with OpenAI. “If that payment feels like it’s a fair transaction price, you say yes.”

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The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.

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