Pichai said, “Google is building on our long-term support with an initial $1 billion investment in partnerships with news publishers and the future of news.”
It is the biggest financial commitment to date by the tech giant to the news industry.
Google News Showcase
Pichai said the company is launching Google News Showcase. It is a new product he believes is beneficial to both publishers and readers.
Google News Showcase will feature editorial curations from award-winning newsrooms. Readers will have access to stories with more insights, stories that matters to them. On the other hand, publishers will have the opportunity to develop deeper relationships with their readers, according to Pichai.
The tech giant will initially launch Google Showcase in Google News on Android devices. It will soon launch on the Google News app on Apple iOS devices and in the future, it will appear on Google Discover and Search.
According to him, “This approach is distinct from our other news products because it leans on the editorial choices individual publishers make about which stories to show readers and how to present them.”
