Europe's top court on Thursday dismissed Alphabet NASDAQ:GOOG unit Google's fight against a record fine imposed by EU antitrust regulators eight years ago for using its Android mobile operating system to block rivals.The European Commission had originally handed out a €4.34 billion fine but this wa…
By Abhirami GA consortium including Microsoft NASDAQ:MSFT and telecom startup Lightstorm plans to build a new undersea cable linking India with Malaysia and Singapore as technology firms compete to expand AI and cloud infrastructure in India, one of the world's fastest-growing data markets.The con…
The U.S. government is in advanced talks with AI companies to create voluntary standards for the release of new models, with an announcement possible as soon as next week, the Financial Times reported on Wednesday, citing sources.
MARKET WRAPSSTOCKS: U.S. stocks were modestly lower as investors parsed comments from Federal Reserve Chairman Kevin Warsh for clues about the path of interest rates.TREASURYS: Treasurys sold off sending yields higher as investors digest a busy day of U.S. economic indicators and comments from Fed…
Alphabet NASDAQ:GOOG could be facing renewed pressure in the AI race as Google's coding tools appear to be losing ground to OpenAI and Anthropic. Even after Gemini 3 helped Google catch up on key AI benchmarks last year, the company is now facing questions around AI coding, one of the most importan…
By Abby SchultzSpaceX's public offering on June 12 pushed founder and CEO Elon Musk into rarefied trillio n aire status, solidifying his place as the wealthiest person in the world — by far.But how are the rest of the multibillionaires doing at this midpoint of the year?Just fine, for the most part…
Alphabet (GOOGL, Financials) is under renewed regulatory pressure after South Korea's antitrust regulator accused Google of using its dominance in the Android app market to make it harder for rival app stores to compete.The Korea Fair Trade Commission (KFTC) said its investigation found Google's co…
Anthropic said the US Commerce Department has lifted export controls on Claude Fable 5 and Mythos 5, potentially reopening wider access after the startup worked through the Trump administration's safety concerns. The restrictions, first imposed through a private Commerce letter on June 12, had requ…
Alphabet Inc NASDAQ:GOOG:
By Nqobile DludlaGoogle NASDAQ:GOOG has exceeded a five-year target to invest $1 billion in Africa, it said on Wednesday, as it made public initiatives on infrastructure and development of AI to accelerate the continent's digital growth.They follow on from Google's launch of a cloud for the Johanne…
By Mackenzie TatananniKlarna is due to receive a $1.97 billion payout from Google after a Swedish court determined that the Alphabet-owned tech giant engaged in anticompetitive practices.The ruling stems from a 2022 lawsuit brought against Google by PriceRunner, a price-comparison service Klarna ac…
By Joseph De AvilaA Swedish court ordered Alphabet's Google to pay Klarna $1.97 billion in damages after the buy now, pay later company won an antitrust case alleging that the search giant engaged in anticompetitive practices.Klarna's price-comparison unit, PriceRunner, sued Google in 2022 in Swedi…
Meta Platforms NASDAQ:META is building a cloud business to sell excess AI computing capacity, Bloomberg News reported on Wednesday citing people familiar with the matter.The move could reduce Meta's reliance on advertising revenue and help it take on major cloud companies, including Amazon NASDAQ:A…
Cathie Wood's ARK Invest increased its exposure to artificial intelligence, digital assets and next-generation healthcare during the week of June 22 to 26, while reducing positions in streaming and Chinese technology companies.ARK Invest added to several AI-related holdings, including Cerebras Syst…
Alphabet NASDAQ:GOOG is facing fresh antitrust pressure in South Korea after the country's competition regulator accused the company of using its dominance in Android app distribution to limit competition.The Korea Fair Trade Commission said Google's alleged conduct affected about 14.16 trillion wo…
Klarna Group (KLAR) shares were up nearly 9% in Wednesday’s pre-market trade after the company announced a win against Alphabet Inc.’s (GOOG, GOOGL) Google in an antitrust case.Klarna said that a Swedish court ruled in favor of PriceRunner, awarding about $1.97 billion in damages for lost revenue s…
By Freddy SebastianKlarna Group said a Swedish court has awarded $1.97 billion in damages to its PriceRunner unit, stemming from an antitrust case against Google.Klarna said the award compensates for lost revenue which it said was due to Google favoring its own comparison-shopping service over inde…
Klarna Receives Favorable Ruling in PriceRunner Litigation Against Google, Awarding Damages of $1.97B
Klarna Group: Award Compensates for Lost Revenue Caused by Google's Preferential Treatment of Its Own Comparison-Shopping Service >KLAR
