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In a bold move, the US Department of Justice is contemplating a rare bid to break up Alphabet Inc.’s Google following a landmark court ruling that declared the company had monopolized the online search market, according to a report by Bloomberg. This potential action marks the first significant push by Washington to dismantle a major corporation for illegal monopolization since the attempts to break up Microsoft Corp. two decades ago. Alphabet shares fell as much as 2.5% to $160.11 in after-hours trading before erasing some losses. A separate trial scheduled for September 4 will determine the ...
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CXApp (Nasdaq: CXAI), a platform that helps employees keep a work/life balance, has signed a multi-million dollar deal with Google Cloud. After the news, the stock is up over 62% in pre-market. The stock had lost 75% of its value in the last year and the deal will help cover some of those losses. The nature of the deal is two-pronged. First, the partnership will focus on developing and delivering advanced A infrastructure, applications and security. Second, Google Cloud will co-invest with the company to improve the AI-native CXAI platform. What sets CXApp apart from the competition?CXApp serv...
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Perplexity AI, a startup in the AI search engine sector, is steadily making waves in the search industry. Founded just two years ago, the company’s innovative approach to search is drawing attention as it begins to encroach on the dominance of established giants like Google. With a unique method for delivering search results and engaging features that enhance the user experience, Perplexity AI is positioning itself as a serious contender in the competitive search engine market. What’s different about Perplexity AI’s search?Unlike traditional search engines, Perplexity AI employs a distinctive ...
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Google and Meta have made headlines with a covert agreement aimed at targeting teenagers on YouTube with advertisements for Instagram. This strategic partnership, designed to bypass Google’s own rules on how minors are treated online, has raised significant ethical and legal concerns. Documents and sources reveal the inner workings of this campaign and the broader implications for the tech industry. Targeting teens through an ‘unknown’ loopholeAccording to a Financial Times report, Google developed a marketing project for Meta to target 13- to 17-year-old YouTube users with ads promoting Insta...
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A significant ruling by US Judge Amit Mehta has determined that Google holds a monopoly in the internet search market, reminiscent of the historic antitrust case against Microsoft. This judgment has marked a pivotal moment in the ongoing scrutiny of major technology companies and their market practices. The case, initiated by the US government in 2020, accused Google of maintaining its search market dominance through the establishment of formidable barriers to entry and feedback mechanisms that solidified its position. Judge Mehta’s ruling, spanning 300 pages, found Google in violation of Sect...
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The European Union’s AI Act, the first comprehensive legislation of its kind, comes into effect today, signalling a significant shift for technology companies worldwide. Aimed primarily at major US firms, the law mandates stringent regulations on AI development, usage, and compliance, promising far-reaching impacts. Risk-based regulation: differing rules for different risksThe AI Act implements a risk-based regulatory framework, distinguishing between applications based on their potential societal impact. High-risk AI applications, such as autonomous vehicles, medical devices, and loan decisio...
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In a bid to recover from recent public relations challenges, Perplexity AI is taking a significant step to enhance its image by launching a new initiative aimed at compensating content creators. The startup, which faced backlash for utilizing premium content without proper attribution on its AI search platform, is now rolling out a program designed to pay publishers for their contributions. This move highlights an emerging trend in the AI industry and raises questions about whether other tech giants like Google and OpenAI will adopt similar approaches. Perplexity AI’s Publishers’ ProgramPerple...
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In a landmark decision, Meta Platforms, the parent company of Facebook, has agreed to pay $1.4 billion to settle a lawsuit brought by the state of Texas over the unauthorized use of biometric data. This settlement, approved by a Texas state district court in Harrison County, is the largest ever obtained from a single state’s legal action. Meta will disburse the settlement amount over five years. “After vigorously pursuing justice for our citizens whose privacy rights were violated by Meta’s use of facial recognition software, I’m proud to announce that we have reached the largest settlement ev...
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OpenAI recently announced that it will be launching its own search platform called SearchGPT. The platform is similar to what Google already offers but it comes with slight improvements that could be detrimental to Google’s business. The platform looks and works similar to ChatGPT. As you ask a question, it searches information from the web and presents it to you. You can then interact with the search result to get your desired answer. OpenAI itself claims that its product solves the problem of inefficient searches on Google. Getting answers on the web can take a lot of effort, often requiring...
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On Sunday, July 28, Elon Musk, the CEO of Tesla and SpaceX, claimed that Google had imposed a “search ban” on former US President Donald Trump. Musk took to X (formerly Twitter) to voice his concerns, suggesting that Google’s actions might constitute election interference. The controversy erupted after Musk shared a screenshot showing that typing “president donald” into Google’s search bar did not suggest Donald Trump but instead suggested “president donald duck” and “president donald regan.” Musk’s tweet quickly gained traction, prompting a broader discussion about the role of tech giants in ...
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