Axel Springer strikes £575m deal to buy Telegraph titles Media German media giant Axel Springer has agreed a £575m deal to acquire Telegraph Media Group, ending years of uncertainty over the future ownership of one of Britain’s most influential newspaper publishers. The all-cash agreement will see the Berlin-based publisher – which owns Politico, Business Insider, Bild and Die Welt – take control of the Daily [...]
Chelsea star and Alpine F1 owner invest in ‘Strava for motorsport’ Track Titan Sport Business Chelsea footballer Trevoh Chalobah, a co-owner of the Alpine F1 team and the CEO of running brand On have invested in Track Titan, an AI tool billed as a “Strava for motorsport”. They have joined a $5m funding round co-led by the funds Partech and Game Changers Ventures, run by Alpine investor Roger Ehrenberg, and [...]
Financial Times announced as latest publication to ink deal with OpenAI Media OpenAI is reportedly offering news organisations as much as $5m per year to license their copyrighted content to train its AI models.