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New York Times business news – March 20



The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

– Saudi Arabia plans to create a fund of about $40 billion to invest in artificial intelligence, with a potential partnership with Andreessen Horowitz, one of Silicon Valley’s top venture capital firms.

– Unilever ULVR, the consumer goods giant, said on Tuesday that it would cut 7,500 jobs and spin off its ice cream unit, which includes Ben & Jerry’s, to reduce costs and simplify its portfolio of brands.

– Two major American newspaper chains, Gannett GCI and McClatchy, plan to drastically curtail their business relationships with The Associated Press, which supplies news reports and images to outlets around the world.

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