Amazon to Pay New York Times at Least $20 Million a Year in AI Deal

Amazon will pay The New York Times at least $20 million annually as part of a multiyear AI deal. The agreement allows Amazon to utilize content from the Times' news, cooking sections, and The Athletic. This deal provides insight into how publishers and AI companies are assessing the value of news content amidst shifts in online information consumption. The annual payment accounts for nearly 1% of The New York Times' total revenue for 2024.