Shares in tech giant Meta Platforms (META) rose again today as it further strengthened its tilt towards AI with a series of major publishing deals.
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This Is The News
According to a report in Axios, Meta has struck several commercial AI data agreements with news publishers ranging from USA Today (TDAY), People Inc, CNN News, The Daily Caller, Washington Examiner and Le Monde.
These new agreements will allow Meta to access verified news content to provide real-time answers to user queries about current events, entertainment and lifestyle in its Meta AI chatbot.
Like its recent deal with the Reuters news organization, the agreements are reported to be multi-year, where publishers are compensated for the use of their content.
USA Today, for example, said that its multi-year strategic partnership with Meta would allow the tech titan to access new and archival content from USA Today, more than 200 USA Today Network local publications and the network of USA Today Sports wires.
AI Push Accelerates
People Inc said its strategic content partnership with Meta marked the first lifestyle publisher to make real-time content available to its users across popular categories such as entertainment, home, food, health, and finance. The deal includes brands such as People, Better Homes & Gardens, Allrecipes, Food & Wine, Southern Living, Verywell Health and InStyle. People Inc. content is expected to phase into Meta AI’s experiences over the coming days. Terms of the deal are not being publicly disclosed.
The move comes only 24 hours after reports that Meta chief Mark Zuckerberg was planning to slash spending on its Metaverse ambitions to focus instead on catching up with its peers such as Apple (AAPL) and Google (GOOGL) in the world of AI.
It is probably fair to say that Meta has struggled to make inroads into AI given the underperformance compared with rivals of its Llama 4 model and the lukewarm customer response to its chatbot.
It has pledged to change that, though, with a $100 billion splurge on AI next year. Investors are uncertain about the scale of that ambition and have sent its shares lower as a result. The stock has dropped 12% in the last three months.
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