Tech industry
Tech industry

U.S. Justice Department makes final arguments on Google being an illegal monopoly

Google's dominance as a search engine is being challenged by the Justice Department in an antitrust lawsuit.

The focus is on Google's spending of over $20 billion to secure default search engine status. [ more ]

Action News Jax

Google, Justice Department make final arguments about whether search engine is a monopoly

Google's perceived monopoly is being contested in a high-stakes antitrust lawsuit, with the company defending its position based on excellence and consumer preference. [ more ]

www.npr.org

U.S. v. Google: As landmark 'monopoly power' trial closes, here's what to look for

The landmark Google monopoly trial between U.S. Justice Department and Google aims to decide if Google abused its monopoly power in online search.

The case could have significant implications for future antitrust actions against tech companies. [ more ]

Quartz

Google paid Apple $20 billion to be Safari's default search engine

Google paid Apple $20 billion to remain Safari's default search engine in 2022, highlighting the substantial cost of maintaining search dominance. [ more ]

Quartz

Google's landmark antitrust trial is coming to a close

Google faces significant antitrust allegations, accused of using anticompetitive tactics to maintain a monopoly over search engine services. [ more ]

moregoogle

WIRED

Inside Ukraine's Killer-Drone Startup Industry

Ukraine improvising drones for combat with extended capabilities like remote detonation.

Ukrainians developing advanced drone technology with AI for future military applications. [ more ]

Forbes

Google Search Used To Be Great

Google integrates Lens technology into Search, impacting users' experience and search quality. [ more ]

aws

ITPro

Everything you need to know about Amazon Q, including features, pricing, and business tiers

AWS announces Amazon Q generative AI developer assistant to streamline coding tasks. [ more ]

The Seattle Times

Amazon boxes $10.4B profit for quarter

Amazon reported $10.4 billion profit in Q1 2024, emphasizing growth, with specific increases in AWS, advertising sales, and operating income. [ more ]

www.theguardian.com

Amazon sales soar with boost from artificial intelligence

Amazon reports surge in Q1 2024 sales powered by AI-driven growth, primarily in AWS. [ more ]

Ars Technica

Tesla to lay off everyone working on Superchargers, new vehicles

Challenges at Tesla as key executives are dismissed and antiquated product lineup impacts sales. [ more ]

BBC News

Have the wheels come off for Tesla?

Tesla's initial success is being challenged by falling sales, competition, and product issues, leading to significant workforce cuts and financial setbacks. [ more ]

TESLARATI

Tesla short sellers burned for massive losses since Earnings Call

Short sellers face significant losses after Tesla's recent stock surge. [ more ]

Fast Company

This Tesla team quietly built one of its superpowers. Why did Elon pull the plug on it?

Tesla's Supercharger network became the industry standard, unlocking federal funds and potential utility-like revenue.

Despite its success, Tesla's charging team, led by Rebecca Tinucci, was abruptly fired in a seemingly erratic move by Elon Musk. [ more ]

moretesla

Theregister

Huawei's rebounds from sanctions with profits up 564 percent

Huawei's net profits grew by 564% despite US sanctions. [ more ]

apple

Ars Technica

Apple's Q2 2024 earnings reveal a drop in iPhone, iPad sales

Apple's hardware sales, particularly iPhone, declined, but services revenue grew, surpassing analyst expectations. [ more ]

New York Post

Apple stock rallies after record-setting $110B stock buyback, largest in US history

Apple's record-setting $110 billion share repurchase program boosted stock prices in premarket trading. [ more ]

www.nytimes.com

Apple Reports Decline in Sales and Profit Amid iPhone Struggles in China

Apple faced challenges with declining sales, especially in China, due to competition from Huawei and other big tech companies performing better financially. [ more ]

Fast Company

Apple's share buyback is the largest in U.S. history. Here's what that means

A share buyback is a strategy where a company purchases its own shares, reducing the total outstanding shares and potentially increasing the value of remaining shares. [ more ]

moreapple

www.nytimes.com

U.S. Antitrust Case Against Google Is Just the Start

The U.S. government is actively pursuing antitrust cases against Big Tech giants like Amazon, Apple, Google, and Meta to curb monopolistic behavior and promote competition. [ more ]

Engadget

Microsoft's OpenAI partnership was born from Google envy

The AI landscape's development can be attributed to fear, jealousy, and capitalist ambition, leading companies like Microsoft to invest heavily in OpenAI to compete with Google. [ more ]

english.elpais.com

1 day ago

Tech companies break earnings records despite regulatory battle

Tech giants' dominance persists despite regulatory challenges. [ more ]

amazon

WPXI

Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars

Amazon reported strong Q1 results with revenue of $143.31 billion, driven by cloud computing and Prime Video advertising, beating analysts' expectations. [ more ]

www.nytimes.com

Amazon Reports $143.3 Billion in Revenue for First Quarter of 2024

Amazon reported highest Q1 profit, focusing on retail efficiencies and cloud computing growth. [ more ]

Retail Dive

Amazon services outpace retail growth in Q1

Amazon's non-retail services are outpacing retail sales, with a significant increase in net income driven by AWS and advertising services. [ more ]

Android Central

Amazon earnings boosted by AI, ads, and cost-cutting

Amazon reported better-than-expected Q1 2024 earnings driven by cost-cutting measures and the success of AWS's AI capabilities. [ more ]

GeekWire

Amazon stock rises as Q1 earnings top estimates with $143.3B in revenue; AWS sales up 17%

Amazon exceeded Q1 revenue and earnings per share estimates, driven by Amazon Web Services and advertising growth. [ more ]

Engadget

Microsoft's latest Windows security updates might break your VPN

Windows April security updates may cause VPN issues, prompting users to uninstall updates as a temporary workaround. [ more ]

Theregister

Microsoft CEO pledges $1.7B for AI and cloud in Indonesia

Microsoft to invest $1.7 billion in Indonesia to build data centers and expand presence. [ more ]

Engadget

You can finally use passkeys to sign into your Microsoft account

Microsoft has introduced consumer passkey support for Microsoft accounts, following Apple and Google, making sign-ins easier and more secure. [ more ]

moremicrosoft

TechCrunch

Apple earnings see 10% iPhones sales drop | TechCrunch

Apple reported a 10% drop in iPhone sales primarily due to a slowdown in China and slow adoption of AI. [ more ]

Business Insider

Amazon, Microsoft, and Alphabet are doubling down on AI for the cloud - and it seems to be paying off

AI efforts boost Amazon, Microsoft, Alphabet's cloud revenue, contributing to Q1 earnings surpassing estimates. [ more ]

The Verge

Microsoft's billion-dollar OpenAI investment was trigged by Google fears, emails reveal

Microsoft invested $1 billion in OpenAI in 2019 to catch up with Google's AI scaling efforts. [ more ]

The Drum

With release of Q chatbot, Amazon's enterprise AI strategy appears to mirror Microsoft's

Amazon introduces AI chatbot Q for AWS customers to enhance productivity and decision-making. [ more ]

InfoQ

Microsoft and IBM Release MS-DOS 4.0's Source Code under the MIT License

MS-DOS 4.0 was open-sourced on GitHub under the MIT License, including the unreleased beta Multitasking DOS binaries and documentation. [ more ]

TechCrunch

A comprehensive list of 2024 tech layoffs | TechCrunch

Tech layoff wave persists in 2024 impacting both large and small companies. [ more ]

Ars Technica

DOJ explains how Google-Apple deal should have been done to avoid legal peril

Google's market dominance and alleged anti-competitive practices in search have led to the DOJ antitrust trial questioning its strategies and impact on competition and innovation. [ more ]

The Verge

As Google's antitrust trial wraps, DOJ seeks sanctions over missing messages

The fate of Google's search business is now in the hands of Judge Amit Mehta after closing arguments in the landmark trial. [ more ]

Spokesman.com

Judge Grills U.S. and Google on Antitrust Claims

The judge overseeing the U.S. antitrust case against Google questioned both sides' arguments and is expected to deliver a ruling that could impact the tech industry. [ more ]

Miami Herald

Judge Grills U.S. and Google on Antitrust Claims

Judge Amit P. Mehta questioned both sides' arguments in a landmark U.S. antitrust case against Google, which could reshape the tech industry. [ more ]

The Verge

Microsoft overhaul treats security as "top priority" after a series of failures

Microsoft is prioritizing security by tying it to compensation for senior leadership. [ more ]

TechCrunch

Samsung's operating profit soars 930% as AI tailwinds drive demand for memory chips | TechCrunch

Samsung's operating profit surged over 930% in Q1 2024 due to high demand for servers, memory chips, and storage. [ more ]

InsideEVs

Tesla Wants To Turn Cars Into 'Amazon Web Services' On Wheels. Here's How

Elon Musk envisions Tesla as more than a car company, aiming to create a distributed inference cloud computing network using idle compute power from Tesla cars. [ more ]

Ars Technica

What to expect from Apple's May 7 "Let loose" event

Apple will host a product announcement event focusing on new iPads and accessories before WWDC to address challenges and preempt Microsoft's new chip announcement. [ more ]

The Motley Fool

Where Will Alphabet Stock Be in 1 Year? | The Motley Fool

Alphabet's stock surged to all-time high on strong earnings, new buyback plan, and new dividend.

Alphabet's core businesses, including Google's advertising, subscriptions, platforms, and devices, are accelerating again. [ more ]

Fast Company

How generative AI is clouding the future of Google search

Google rolled out the largest algorithm update to combat spam and AI-generated content in search results. [ more ]

www.aljazeera.com

South Korea's Samsung sees profit jump 10-fold on memory chip recovery

Samsung Electronics reports $4.85bn profit in Q1 2024 with a 10-fold increase due to memory chip business recovery. [ more ]

ITPro

Internal emails reveal the fear that prompted Microsoft's OpenAI investment and pushed Google into an AI panic

Microsoft invested heavily in OpenAI due to concerns about Google's advancements in AI, reflecting a reactive approach in the competitive AI landscape. [ more ]

The Business of Fashion

Op-Ed | Who Could Buy TikTok?

ByteDance's legal argument regarding TikTok and free speech rights is at stake in potential acquisition scenarios. [ more ]

IPWatchdog.com | Patents & Intellectual Property Law

FCC Restores Net Neutrality Regime Amid Criticism

Restoring net neutrality rules under Title II classification increases regulatory oversight and sparks opposition from taxpayer advocacy groups and Republican lawmakers. [ more ]

SiliconANGLE

Google cuts at least 200 employees from its developer teams in its latest round of layoffs - SiliconANGLE

Google has recently laid off at least 200 employees from different product development teams, focusing on efficiency and prioritization. [ more ]

nordicinst 2 days ago

New York Times @nytimes: Judge Grills U.S. and Google on Antitrust Claims - The New York Times. #AI #aiact #ArtificialIntelligence https://t.co/HOG0nO4fZg

www.nytimes.com

Judge Grills U.S. and Google on Antitrust Claims

Judge's scrutiny of both sides' cases in landmark antitrust challenge to Google could reshape the tech industry. [ more ]

www.nytimes.com

Judge Grills U.S. and Google on Antitrust Claims

Judge's scrutiny of both sides' cases in landmark antitrust challenge to Google could reshape the tech industry. [ more ]

competition

The Globe and Mail

Google faces second day of closing arguments in U.S. antitrust trial

Google faces antitrust case in court for alleged search advertising competition violations. [ more ]

Futurism

Elon Musk Slams Tesla With Fresh Round of Layoffs

Tesla CEO Elon Musk continues layoffs, targeting executives, amidst company struggles and workforce reduction. [ more ]

Intelligencer

14 hours ago

Google Is Staring Down Its First Serious Threats in Years

The article highlights Alphabet's financial success and potential risks to Google's dominance, including antitrust challenges and fierce competition. [ more ]

Ars Technica

Chaos at Tesla: What analysts think about Elon Musk's cuts and layoffs

Tesla's early success was fueled by innovative use of lithium-ion battery packs, but recent challenges include declining sales and profitability due to increased competition and price cuts. [ more ]

TechCrunch

Apple iPad event 2024: Watch Apple unveil new iPads right here | TechCrunch

Apple is expected to unveil new iPads, including a new iPad Pro, iPad Air, Apple Pencil, and keyboard case, alongside the potential launch of a new M4 chip.

Speculation around Apple's quick silicon refresh and response to potential competition from Microsoft's rumored third-party chips at Build.

Anticipated features include an OLED display for the iPad Pro, a 12.9-inch iPad Air, new gestures for the Apple Pencil, and discussions on AI advancements. [ more ]

morecompetition

english.elpais.com

1 day ago

The day Google started to get worse: We are getting too close to money'

Growth obsession leading to compromised user experience in Google.

Email chain reveals internal tension between search and advertising departments at Google.

Concerns about short-term profit affecting Google's search results. [ more ]

TechCrunch

The Browser Company releases Arc for Windows | TechCrunch

The Browser Company released Windows version of Arc browser, emphasizing feature parity and codebase reuse with Mac version. [ more ]

Theregister

AWS hits $100 billion revenue run rate, expands margins

AWS is projected to reach $100 billion revenue by FY2024 and contributes significantly to Amazon's operating income. [ more ]

www.npr.org

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset

Apple disclosed a 10% decline in iPhone sales, emphasizing the need for product innovation with AI to overcome revenue challenges. [ more ]

NZ Herald

Amazon reports strong 1Q results driven by AI, cloud and Prime Video ad dollars

Amazon reported strong Q1 results driven by cloud and advertising growth. [ more ]

New York Post

Amazon posts 13% jump in sales, sending shares higher - but fails to deliver dividend

Amazon forecasts lower Q2 revenue due to cautious business spending on cloud services. [ more ]

The Atlantic

America Can't Stop Watching Creepy Robot Videos

Boston Dynamics is known for creating robots that both impress and terrify viewers, setting a trend for tech companies to follow suit. [ more ]

Theregister

Microsoft's FOMO on Google AI drove funding of OpenAI

Microsoft's CTO Kevin Scott expressed concern about a capability gap between Microsoft and competitors like Google and OpenAI in AI development. [ more ]

Ars Technica

Microsoft ties executive pay to security following multiple failures and breaches

Microsoft faced major security breaches resulting in data exposure and criticism. The company is taking steps to improve its security practices and prioritize security as the top concern. [ more ]

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