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OpenAI's potential $150 billion valuation raises questions about AI's future impact and risks. Investors weigh enormous market potential against regulatory challenges and skepticism about AI capabilities.
Major tech executives set to testify at U. S. Senate Intelligence Committee hearing on election threats. Google, Adobe, Microsoft, and Meta representatives to discuss technology's role in safeguarding democratic processes.
The European Court of Justice has ruled against Apple and Google in separate cases, ordering a $14. 3 billion tax repayment and upholding a $2.65 billion antitrust fine, respectively. These decisions mark a significant victory for EU tech regulation efforts.
Employees of major tech companies are donating heavily to Kamala Harris's campaign, while tech billionaires support Donald Trump. The divide highlights contrasting priorities in Silicon Valley.
U. S. markets fell on Friday, with tech stocks hit hard. Investors grapple with mixed economic data and potential interest rate changes, leading to increased market volatility.
Yelp files lawsuit against Google, alleging unfair competition in online reviews. This adds to recent legal challenges against Google's market dominance, highlighting growing scrutiny of Big Tech's influence on the internet economy.
Google and California agree on a $250 million deal to fund local journalism and AI research, replacing a proposed "link tax" bill. Critics argue the agreement favors the tech giant over news organizations.
Elon Musk's X platform grapples with EU's Digital Services Act compliance. Facing potential fines and content moderation challenges, X may consider leaving the European market.
A U. S. appeals court revives a lawsuit against Google, alleging unauthorized data collection from Chrome users. The case questions user consent and Chrome's privacy practices.
Energix Renewables partners with Google to supply solar power and renewable credits for AI data centers. The deal, leveraging Biden's climate act, includes 1.5GW peak development with expansion potential.
A U. S. judge ruled Google violated antitrust law through exclusive agreements. The verdict challenges the tech giant's search dominance and may lead to significant market restructuring.
Federal appeals court narrows injunction on California's internet child protection law, agreeing part likely unconstitutional. NetChoice's challenge leads to reassessment of the Age-Appropriate Design Code Act.
Federal court deems Google's search business an illegal monopoly. Authorities and experts consider breaking up the tech giant, potentially divesting Chrome and Android, to restore competition in the digital market.
Russian broker Investitsionnaya Palata sold 8. 1 billion roubles in securities to non-resident investors as part of an asset swap plan. The scheme aims to free up frozen funds for Russian and foreign investors amid ongoing sanctions.
A federal judge dismissed a lawsuit against Google for smartphone search dominance but allowed refiling. The decision references a separate ruling finding Google's default search agreements illegal.
Susan Wojcicki, ex-YouTube CEO and Google veteran, has died after a two-year battle with lung cancer. Her legacy includes transforming YouTube and playing a crucial role in Google's early success.
Recent US employment data sparks market turmoil. Experts analyze Fed decisions, tech stock valuations, and dollar strength amid economic uncertainty. Insights on market trends and global financial dynamics.
Russian users report thousands of glitches on YouTube, resorting to VPNs for access. The platform experiences slowdowns as Russian authorities escalate criticism, while Google disputes accusations of deliberate interference.
A U. S. court has ruled Google a monopolist, drawing parallels to Microsoft's 2001 case. The verdict poses challenges for remedies and signals potential impacts on other tech antitrust efforts.
Federal court finds Google abused market power in search. Judge rules against tech giant's restrictive contracts with phone makers. Justice Department hails decision as historic win for competition.
Meta Platforms reports strong Q2 2024 results, but faces slowing user growth and regulatory scrutiny. Recent fines and concerns about illegal drug ads raise questions about the company's future stability.
U. S. chip stocks plummeted, marking their worst day since 2020, following Arm Holdings' conservative forecast. The downturn reflects growing concerns about AI investment returns and economic cooling.
Major tech companies experienced significant market cap declines in July 2024 due to disappointing Q2 results and concerns over AI investments. Apple and Tesla bucked the trend with notable increases.
Meta exceeds Q2 revenue expectations, driving 7% stock increase. Company plans continued AI infrastructure investment, forecasting $37-40 billion capital expenditure for 2024.
European stocks fell as LVMH's weak Q2 sales hit luxury sector. Tech shares slumped following poor U.S. earnings, while mixed corporate results and stalled Euro zone growth added to market caution.
Global shares stabilize as markets digest Biden's withdrawal from the presidential race and China's surprise rate cut. Wall Street gains led by tech stocks, while oil and gold prices decline.
World markets stabilize post-Biden exit from U. S. presidential race. Investors shift focus to corporate earnings and economic indicators, with tech giants' reports in spotlight.