One month after a judge declared Google's search engine an illegal monopoly, the tech giant faces another antitrust lawsuit that threatens to break up the company, this time over its advertising technology. The Justice Department and a coalition of states contend that Google built and maintains a monopoly over the technology that matches online publishers to advertisers. Dominance over the software on both the buy side and the sell side of the transaction enables Google to keep as much as 36 cents on the dollar when it brokers sales between publishers and advertisers, the government contends in court papers. Google says the government's case is based on an internet of yesteryear, when desktop computers ruled and internet users carefully typed precise World Wide Web addresses into URL fields. Advertisers now are more likely to turn to social media companies like TikTok or streaming TV services like Peacock to reach audiences. In recent years, Google Networks, the division of the ...
Those advertising tools contributed to the more than 75 per cent of Google's $307.4 billion in revenue last year that came from advertising.
It was not clear how quickly Google would reach a decision on an investment, but the source said internal talks were taking place and the data centre could be ready in 2027
According to media reports, Nvidia's Blackwell chips may face delays of 3 months or more due to design flaws, potentially affecting customers such as Meta Platforms, Alphabet's Google and Microsoft
Agreements under scrutiny include Microsoft's partnerships with startups such as OpenAI, Inflection AI, and Mistral AI, as well as Alphabet's ties to other smaller companies such as Anthropic and Cohe
The US Department of Justice will take the lead in investigating Nvidia while the FTC will examine the conduct of OpenAI and Microsoft
After pouring billions of dollars into the infrastructure needed to support AI applications, both Alphabet and Microsoft reported that their quarterly revenue growth was outpacing expectations
Alphabet reported revenue of $80.5 billion for the 2024 January- March quarter, up 15 per cent from last year, with operating income surging by 46.3 per cent and net income by 57 per cent
The people said the European Union antitrust regulator had decided not to investigate the partnership under EU merger rules, but that Microsoft could still face an antitrust investigation
The stock is heading back toward what would be a record $2 trillion market value - a milestone surpassed only by Microsoft Corp., Apple Inc. and Nvidia Corp
Nearly a dozen antitrust experts and industry analysts said in interviews and analyst notes that it was unlikely that an acquisition by Google would hamper competition
Altman is rejoining the company's board following the findings
While Google Cloud's revenue topped Wall Street targets and growth rebounded with a boost from AI, Microsoft's Azure grew faster in the same period
The two companies that saw the highest valuation gain were Microsoft and Nvidia. Both of these are associated with the artificial intelligence software ChatGPT
Microsoft Corp. and Alphabet Inc., two of the biggest players in AI-related software, will report after the market close
From acquisitions & mergers to resignations 2023 has been a year of significant milestones in the global corporate world. Here is a recap on all the major event that unfolded in 2023
The deal disclosed in a court filing late Monday calls for tweaks to Google Play policies designed to reduce barriers to competition in the markets for app distribution and payment processing
The loss - handed down by a San Francisco jury on Monday - is a blow to the two companies' business model in apps, where they charge commissions of as much as 30 per cent
Rogers rejected arguments that the defendants were immune from being sued by the US Constitution's First Amendment
Rogers rejected arguments that the defendants were immune from being sued by the US Constitution's First Amendment