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Search resuls for: "Prisa"


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The ChatGPT maker announced this week it had struck partnerships with two major European media organizations: France's Le Monde and Spain's Prisa Media. This story is available exclusively to Business Insider subscribers. This is a "threat" to GooglePublishers who've signed agreements with OpenAI say they hope the partnerships will bring new life to their business. By wooing users with a better interface, OpenAI could threaten Google's dominance over online search, Zaman said. OpenAI did not immediately respond to a request for comment from Business Insider.
Persons: , OpenAI, Brad Lightcap, Axel Springer, Roger Lynch, Condé Nast, Google Publishers who've, Le Monde, Tauhid Zaman, Zaman, Hugh Martin Organizations: Service, Prisa, Business, Politico, CNN, Fox Corp, Bloomberg, ChatGPT, Yorker, Wired, The New York Times, Microsoft, Google Publishers, Google, Facebook, Media, Yale School of Management, Publishers, Scripps School of Journalism, Ohio University Locations: OpenAI
A Meta logo is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsMADRID, Dec 4 (Reuters) - A group representing 83 Spanish media outlets on Monday said it has filed a 550 million euro ($598 million) lawsuit against Facebook owner Meta Platforms (META.O), citing unfair competition in the advertising market. The lawsuit was filed by the AMI newspaper publishing association in a commercial court on Friday, the association said in a statement on Monday. The complaint is the second time Spanish media are challenging tech companies to protect their turf. In 2014, the Spanish government forced the closure of Alphabet's (GOOGL.O) Google News service until 2022 when new legislation allowing media outlets to negotiate directly with the tech giant was passed.
Persons: Gonzalo Fuentes, El, Inti Landauro, Jakub Olesiuk, David Goodman, Emelia Organizations: Viva Technology, Porte de, REUTERS, Rights, Facebook, Meta, AMI, El Pais, ABC, Google, Thomson Locations: Porte, Paris, France, Spanish
The Spanish government has given authorisation for Vivendi to exchange the Prisa convertible bonds it acquired in February into equity, Prisa said in a statement. Heavily-indebted Prisa had sold 130 million euros ($143 million) worth of convertible bonds in a move to reduce its debt. Prisa said if Vivendi were the only bondholder to convert its bonds into equity, its stake would rise to 15%. Vivendi had built its stake in Prisa by first acquiring a 7.89% stake from HSBC for 52 million euros ($57.25 million). Prisa's largest single shareholder is activist fund Amber Capital, led by French investor Joseph Oughourlian, with a 29.57% stake, Refinitiv Eikon information shows.
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