Alphabet's Google to Invest $75 Million in A24 as Part of AI Partnership

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43 minutes ago

Alphabet's (GOOG, GOOGL) Google is investing about $75 million in independent studio A24 as part of a new partnership to research and develop artificial intelligence tools for film production and distribution, The Wall Street Journal reported Monday, citing people familiar with the situation.

The investment marks the first time Google has taken an equity stake in a film studio and the multiyear, nonexclusive deal does not give Google access to A24's film and television library or other proprietary data, the report said.

Google and A24 did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 348.12, Change: -19.34, Percent Change: -5.26

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.</p>\n<p>Share to</p>\n<p>Comments</p>\n<p>We need your insight to fill this gap</p>\n<p>Leave a comment</p></body></html>","htmlText":"<html><head></head><body><p>Market Chatter:&nbsp;</p>\n<p>MT Newswires Live</p>\n<p><a href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;<a href=\"https://ttm.financial/S/GOOGL\">$Alphabet(GOOGL)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;</p>\n<p>43 minutes ago</p>\n<p>Alphabet's (GOOG, GOOGL) Google is investing about $75 million in independent studio A24 as part of a new partnership to research and develop artificial intelligence tools for film production and distribution, The Wall Street Journal reported Monday, citing people familiar with the situation.</p>\n<p><br></p>\n<p>The investment marks the first time Google has taken an equity stake in a film studio and the multiyear, nonexclusive deal does not give Google access to A24's film and television library or other proprietary data, the report said.</p>\n<p><br></p>\n<p>Google and A24 did not immediately respond to MT Newswires' requests for comment.</p>\n<p><br></p>\n<p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p>\n<p><br></p>\n<p>Price: 348.12, Change: -19.34, Percent Change: -5.26</p>\n<p><br></p>\n<p>Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.</p>\n<p>Share to</p>\n<p>Comments</p>\n<p>We need your insight to fill this gap</p>\n<p>Leave a comment</p></body></html>","text":"Market Chatter: MT Newswires Live $Alphabet(GOOG)$ $Alphabet(GOOGL)$ 43 minutes ago Alphabet's (GOOG, GOOGL) Google is investing about $75 million in independent studio A24 as part of a new partnership to research and develop artificial intelligence tools for film production and distribution, The Wall Street Journal reported Monday, citing people familiar with the situation. The investment marks the first time Google has taken an equity stake in a film studio and the multiyear, nonexclusive deal does not give Google access to A24's film and television library or other proprietary data, the report said. Google and A24 did not immediately respond to MT Newswires' requests for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 348.12, Change: -19.34, Percent Change: -5.26 Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing. 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