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AP

Google is launching new features within its free Cloud Natural Languages API (shared software technology) that will help newsrooms and other businesses sort information so that it's easier to find later.

Why it matters: Google is seen as a mixed bag for publishers, offering a lot of traffic, but also sucking up a lot of the industry's ad revenue. Still, the features could be game-changers for newsrooms faced with the daunting task of classifying and taxonomizing hundreds of articles per day and thousands of articles in their archives. It will also make translating text from different languages much easier so that publishers can enter new markets more easily.

Publications like Hearst and Vice have already been testing the new features that will be open to all newsrooms and businesses moving forward.

The company will announce two updates today.

  1. Automatically classify content: The new features will automatically sort content by 700 different categories, including Arts & Entertainment, Hobbies & Leisure, Law & Government, News, Health, and more.
  2. Analyze sentiment in content: Sentiment analysis, one of the most widely-used features within Google's Cloud Natural Language API, will now offer more granularity with entity sentiment analysis. Users can now understand and separate the sentiment of places or things rather than analyze the sentiment of a sentence or block of text.

Go deeper

Crypto industry faces $30 billion tax threat from infrastructure bill

Illustration: Sarah Grillo/Axios

It's finally "Infrastructure Week" and Congress is hammering out the details of a $1 trillion bill inching closer to the finish line. But one area that could face unpleasant consequences from the bill is cryptocurrencies.

Why it matters: Nearly $30 billion in taxes from cryptocurrency transactions, as part of the bill's "pay-fors," is at stake.

Square to acquire "buy now, pay later" company Afterpay

Illustration: Brendan Lynch/Axios

Square has agreed to acquire Afterpay, an Australian company in the "buy now, pay later" (BNPL) category, for $29 billion.

Why it matters: This is Square's second big-ticket acquisition this year (after Tidal), showing that it's not shy when it comes to bold moves to expand its business lines.

Updated 3 hours ago - Sports

Olympics dashboard

Team USA's Simone Biles watching the women's uneven bars final at the Olympic Games in Tokyo, Japan, on Sunday. Photo: Jamie Squire/Getty Images

🚨: Simone Biles will compete in her final Olympic event

⚽: U.S. women's soccer team falls to Canada in semifinals, ending chances at gold

πŸ‹οΈβ€β™€οΈ: Laurel Hubbard becomes first openly trans woman to compete at Olympics

🀸: U.S. gymnast Jade Carey wins Olympic gold in floor exercise final

πŸͺ§: IOC "looking into" American Raven Saunders' Olympic podium protest gesture

πŸ“·In photos: Day 10 Olympics highlights

πŸ³οΈβ€βš§οΈ: Axios at the Olympics: Games grapple with trans athletes β€” Trans athletes see the Tokyo Games as a watershed moment

Go deeper: Full Axios coverage