STOCK TITAN

Axel Springer and Microsoft expand partnership across advertising, AI, content and Azure services

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership AI

Axel Springer SE and Microsoft Corp. have announced an expanded partnership across advertising, AI, content, and cloud computing, aiming to support independent journalism through cutting-edge innovation. The collaboration will include extending adtech collaboration to the U.S., powering new AI experiences, enhancing content offerings through Microsoft Start-MSN, and expanding the use of Microsoft Azure for digital infrastructure.

Loading...
Loading translation...

Positive

  • Partnership aims to support independent journalism through cutting-edge innovation.

  • Extending adtech collaboration to the U.S. will help reach a broader audience and enhance monetization.

  • New AI experiences and chat functionalities will engage users with journalistic content.

  • Enhanced content offerings through Microsoft Start-MSN will benefit millions of users across devices and markets.

  • Migration of SAP solutions to Microsoft Azure will improve scalability, reliability, and performance.

Negative

  • None.

News Market Reaction

-1.00%
1 alert
-1.00% News Effect

On the day this news was published, MSFT declined 1.00%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

The companies will leverage each other's strengths in digital publishing and technology to accelerate growth in the era of AI

REDMOND, Wash., and BERLIN, April 29, 2024 /PRNewswire/ -- Axel Springer SE and Microsoft Corp. have announced an expanded, multifaceted partnership across advertising, AI, content and cloud computing. The cooperation aims to leverage cutting-edge innovation to support independent journalism around the world. 

The partnership will expand and deepen the existing cooperation on different levels. The existing adtech collaboration will be expanded to encompass POLITICO. Building on a mutual commitment to the principles and potential of responsible AI, both companies will partner to develop new AI-driven experiences for their users. In addition, Microsoft Start-MSN users will have access to more premium content from Axel Springer's news brands, and Axel Springer will migrate its SAP solutions to Microsoft Azure. 

"In this new era of AI, partnerships are critical to preserving and promoting independent journalism while ensuring a thriving media landscape," said Mathias Döpfner, CEO of Axel Springer. "We're optimistic about the future of journalism and the opportunities we can unlock through this expanded partnership with Microsoft." 

"This new generation of AI is transforming nearly every aspect of work and life, including how people search for and consume content online," said Satya Nadella, chairman and CEO of Microsoft. "Our expanded partnership with Axel Springer brings together their leadership in digital publishing with the full power of the Microsoft Cloud — including our ad solutions — to build innovative AI-driven experiences and create new opportunity for advertisers and users."

Key elements of the partnership 

  • Extending adtech collaboration to the U.S.: Axel Springer will adopt Microsoft Advertising as its ad server solution, expanding its existing partnership from Europe to the U.S. POLITICO will integrate Microsoft Advertising technology as a comprehensive solution enhanced by Axel Springer's adtech management and optimization layer AdLib. POLITICO will also be integrated into the Microsoft Advertising Network, allowing advertisers to reach a broader audience.
  • Powering new AI experiences and monetization: Axel Springer will partner with Microsoft to pilot new innovative AI-driven chat experiences to better inform and engage their users with Axel Springer's journalistic content. The cooperation will further fuel Axel Springer's ventures in AI, building on projects such as the AI assistant Hey_, powered among others by Azure OpenAI Service. In addition, Axel Springer will leverage Microsoft Advertising's Chat Ads API for generative AI monetization.
  • Enhanced content offerings through Microsoft Start-MSN: Axel Springer is expanding its Microsoft Start-MSN partnership to provide users with access to more premium content from leading journalistic brands such as Business Insider, POLITICO, BILD and WELT, reaching millions of users across devices and markets.
  • Microsoft Azure expansion: In addition to extending its use of Azure AI capabilities for AI innovation, the digital publisher will also transform and migrate its SAP solutions to Microsoft Azure, the trusted and secure cloud platform, to enhance scalability, reliability and performance across its digital infrastructure.

About Axel Springer 

Axel Springer is a media and technology company and active in more than 40 countries. By providing information across its diverse media brands (among others BILD, WELT, BUSINESS INSIDER, POLITICO) and classifieds portals (The Stepstone Group and AVIV Group), Axel Springer empowers people to make free decisions for their lives. 

The company has successfully transformed from a traditional print media company to Europe's leading digital publisher. Through accelerated growth, Axel Springer aims to become the global market leader in digital content and digital classifieds. The company is headquartered in Berlin and employs more than 18,000 people worldwide. 

About Microsoft

Microsoft (Nasdaq "MSFT" @microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more.  

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/axel-springer-and-microsoft-expand-partnership-across-advertising-ai-content-and-azure-services-302128862.html

SOURCE Microsoft Corp.

FAQ

What is the partnership between Axel Springer and Microsoft about?

The partnership includes advertising, AI, content, and cloud computing to support independent journalism.

What is the key focus of the partnership between Axel Springer and Microsoft?

The key focus is on leveraging cutting-edge innovation to accelerate growth in the era of AI.

What new experiences will Axel Springer develop with Microsoft?

Axel Springer will pilot new AI-driven chat experiences and leverage Microsoft Advertising's Chat Ads API for generative AI monetization.

How will the partnership enhance content offerings through Microsoft Start-MSN?

Users will have access to more premium content from leading journalistic brands like Business Insider, POLITICO, BILD, and WELT.

What technology will Axel Springer adopt for ad serving in the U.S.?

Axel Springer will adopt Microsoft Advertising as its ad server solution in the U.S.

What solutions will Axel Springer migrate to Microsoft Azure?

Axel Springer will transform and migrate its SAP solutions to Microsoft Azure for enhanced scalability, reliability, and performance.
Microsoft Corp

NASDAQ:MSFT

MSFT Rankings

MSFT Latest News

MSFT Latest SEC Filings

MSFT Stock Data

3.22T
7.42B
0.07%
74.49%
0.79%
Software - Infrastructure
Services-prepackaged Software
Link
United States
REDMOND