Guardian Media Group has launched a £42m VC fund to back start-ups focused on developing new media technology.
The Guardian has unveiled plans to launch a new £42m venture capital fund for media tech start-ups.
GMG Ventures will support the development of Guardian Media Group's core news business. It will back early-stage businesses focused on developing the next generation of media technology.
The fund will consider investments in areas including artificial intelligence (AI) and machine learning tools for journalism, advertising technology, payment technologies, new forms of content distribution and technology to enrich reader and customer experiences, among others.
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