The article discusses a new partnership between the state of California and a tech fund aimed at supporting journalism and exploring the use of artificial intelligence (AI) in the media industry. The deal involves a $25 million investment from the California Public Employees’ Retirement System (CalPERS) into Semafor, a global news organization founded by former Bloomberg Media CEO Justin Smith and former BuzzFeed editor-in-chief Ben Smith. The investment is part of CalPERS’ efforts to support innovative companies and promote diversity in its portfolio. Semafor plans to use the funds to expand its newsroom and explore the use of AI in journalism, such as automating certain tasks and enhancing content creation. However, the article notes that the use of AI in journalism raises ethical concerns about potential biases and the need for human oversight. The partnership aims to strike a balance between leveraging AI’s capabilities and maintaining journalistic integrity and accuracy.