DHAKA: US tech giant Google unveiled a 150 million euro (S$216.74 million) project Tuesday with eight European publishers to support online journalism after being accused of anti-competitive behaviour by EU regulators.

The online firm's Digital News Initiative is intended to "promote high quality journalism through technology and innovation," a top Google executive announced in London.

The company will try to develop products aimed at increasing news traffic, invest in digital training and research in the industry, and fund innovation in digital journalism.

"Google has always wanted to be a friend and partner to the news industry," said Carlo D'Asaro Biondo, the firm's head of strategic partnerships in Europe.


Source: ST
BDST: 1916 HRS, APR 28, 2015
AKA