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☆ Here's what Google's new finance chief will need to do to keep investors happy
▼ + stars: | 2024-09-20 | by ( Hugh Langley | ) www.businessinsider.com time to read: +5 min

Ashkenazi, who was previously CFO at Eli Lilly and Company, took the reins from Alphabet's previous finance chief, Ruth Porat, in July. They wanted more visibility into the performance of certain parts of Google's business, such as AI and subscriptions, which are increasingly becoming bigger businesses for Google. AdvertisementMorgan Stanley analysts say this is still too ambiguous. Related storiesThe Morgan Stanley analysts also said they would like to see Google separately report earnings from YouTube's advertising and subscriptions. Morgan Stanley analysts said Google has an opportunity to "be more assertive" about "promoting its positive impact" on users and partners, similar to Amazon.

Persons: —, Anat Ashkenazi, Ashkenazi, Eli Lilly, Ruth Porat, Morgan Stanley, Porat, Google's, Sundar Pichai Organizations: Service, Wall Street, Company, Business, Google, Investors, Meta, YouTube, Amazon Web Services, Microsoft, US Department of Justice Locations: —

☆ Intel jumps after WSJ reports Qualcomm approached the struggling chipmaker about a deal
▼ + stars: | 2024-09-20 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

Qualcomm could sell parts of Intel to other buyers to get any deal done, the newspaper added. Intel mostly sells chips for PCs and data center servers, although Nvidia's GPUs have made serious inroads into this lucrative data center business. An "odd" fitSemianalysis chief analyst Dylan Patel said Qualcomm and Intel would be an "odd" fit. "Furthermore, Qualcomm has no ability to turn around the data center business, which is the most important one," he continued. The company's revenue has declined in recent years while rivals like Nvidia, TSMC, and Broadcom are riding the artificial intelligence wave to new heights.

Persons: —, Apple iPhones, Dylan Patel, Patel, Pat Gelsinger, Gelsinger Organizations: Service, Qualcomm, Intel, Wall Street, Business, Nvidia, Apple, Intel's Foundry, TSMC, Broadcom, Amazon Web Services, Gaudi, AMD, UXL, Google

☆ When I graduated college this summer, I feared I would always long for my college days. But post-grad life is just as fulfilling.
▼ + stars: | 2024-09-20 | by ( Victoria Heath | ) www.businessinsider.com time to read: +4 min

But while I initially thought I'd always pine for my college days, I can say that post-grad life has its plusses, too. I quickly learned that in post-grad life, there doesn't have to be a shortage of new things for your curiosity to dig into. A side note: planning to meet up with friends might take more effort in post-grad life, but effort is all it is. The future is something to be excited about, tooThere's no shame in finding the transition into post-grad life hard. I do believe that post-grad life can be as fulfilling as your college days.

Persons: —, University of Warwick hoodie, I'd, I've, I'm Organizations: Service, University of Warwick, Business, Warwick College —

☆ Apple's showdown with its Chinese rival Huawei is here as both companies launch new smartphones on the same day
▼ + stars: | 2024-09-20 | by ( Katie Balevic | ) www.businessinsider.com time to read: +7 min

Hours after Apple unveiled its iPhone 16 models earlier this month, Huawei announced the Mate XT would drop on the same day. Huawei's Mate XT trifold smartphone secured millions of preorders. John Ricky/Anadolu via GettyThe disparity could be partly due to how Huawei distributed the first batch of Mate XT sales. Apple's iPhone 16 line starts at $800. The iPhone 16 offers a new "camera control" button and brings the "action" button previously found only on the iPhone 15 Pro models to the entry-level iPhone 16 as well.

Persons: —, preorders, John Ricky, Vivo Organizations: Service, Apple, Huawei, Business, Anadolu, Getty, CNBC, Reuters, Apple Intelligence, Publishing, Samsung, Bloomberg, Research, Wall, Counterpoint Research, Wedbush Securities Locations: China, Beijing, Hefei, Shenzhen, Guangzhou

☆ The hottest AI startups are raising back-to-back funding rounds. Suddenly, it's feeling very 2021 in Silicon Valley for a chosen few.
▼ + stars: | 2024-09-20 | by ( Ben Bergman | Melia Russell | ) www.businessinsider.com time to read: +11 min

Read previewIn February, Glean announced a $200 million funding round valuing the AI enterprise software startup at $2.2 billion. AdvertisementThe transaction is the latest in a string of dizzying back-to-back funding rounds at ever-higher valuations for a handful of AI startups that stand in stark contrast to the doldrums of the overall market for startups. Earlier this year, Sakana raised $30 million in a seed funding round led by Lux Capital. Slingshot AI, which has built an automated mental health counselor, also raised separate rounds of funding just months apart. Advertisement"VCs are increasingly faced with frequent requests from their hot AI companies to follow on or double down on investments," said Iris Sun, an investor at 500 Global.

Persons: —, Glean, Arvind Jain's inbox, Jain, Steve Brotman, Perplexity, SoftBank, Sakana, Gregg Hill, that's, Matt Murphy, Dario Amodei, Kimberly White, Murphy, I'd, I've, Jenny Chang, Rodriguez, Jai Das, Rajeev Dham, couldn't, Das, Sapphire, Uber, Iris Sun, Chandrasekar Organizations: Service, Business, DST Global, Alpha Partners, Bloomberg, Google, New Enterprise Associates, Khosla Ventures, Lux Capital, Parkway Venture Capital, Menlo Ventures, Getty, Sapphire Ventures, Investments Locations: Tokyo

☆ What happened to 23andMe?
▼ + stars: | 2024-09-20 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Takes the company public. 23andMe went public in 2021, jumping on the SPAC trend of the era, when a bunch of companies went public via “special purpose acquisition companies” — essentially shell-company mergers that let firms go public in a hurry when investor appetite is strong. 23andMe co-founder and CEO Anne Wojcicki, pictured in 2020. Side note: I did my own 23andMe test, in 2019, motivated by a millennial compulsion to spend money on any product that promises to alleviate and/or deepen my corporeal angst. 23andMe has tried to convert one-time buyers into subscribers with the promise of continued feedback and personalized wellness plans.

Persons: CNN Business ’, it’d, Anne Wojcicki, ”, It’s, Susan Wojcicki, 23andMe, Emma McIntyre, Oprah’s, there’s …, Wojcicki, “ Organizations: CNN Business, New York CNN, Yale, Google, Wall Street, Wall Street Journal Locations: New York, Bay

☆ A boomer who couldn't afford retirement in the US moved to Ecuador and said she's living an 'upscale life on a modest budget'
▼ + stars: | 2024-09-20 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

She said she went from stressing constantly about retirement to living comfortably, though life is at times lonely. "Between all those things, the result of that wonderful, exciting life was that I didn't save for retirement," Gretchen said. Living comfortably for cheaperWith $3,000 a month and a small brokerage account, Gretchen and her husband live comfortably in Ecuador. Gretchen Kay and her husband live in a newly built condo in Ecuador. In Utah, they paid over $1,000 a year in property insurance and about $1,000 in property taxes.

Persons: Gretchen Kay, Robert, Gretchen, Ecuador Gretchen, wasn't, she's Organizations: Service, Business, Walmart, Social Security, Mayo Clinic, Google Locations: Ecuador, Utah, Canoa, San Vicente, Moab, South America, Peru, Ecuador's, San Diego, Quito, Cuenca

☆ I'd sworn off dating apps until I heard about the 'burned haystack' approach women are swearing by. So I put it to the test.
▼ + stars: | 2024-09-20 | by ( Nicola Prentis | ) www.businessinsider.com time to read: +6 min

Read previewAfter a two-and-a-half-year break from the time-suck of dating apps, I reluctantly reinstalled one on my phone a few weeks ago. The return was inspired by Burned Haystack, a new dating method that encourages daters to filter out time wasters and red flags as soon as possible. Young started the Facebook group Burned Haystack Dating Method last year. With the net cast wide, surely I'd meet someone interesting sooner, right? AdvertisementThe author has been connecting with members of the Facebook group Burned Haystack Dating Method.

Persons: —, Jennie Young, Young, Rather, I've, we'll, I'm, he's, I'd, they're, it's Organizations: Service, Business, University of Wisconsin, Facebook, swiping, Netflix Locations: Green

☆ Amazon RTO push is like ordering a new dish at a restaurant, only to realize you like your usual order better, says ex-Google HR boss
▼ + stars: | 2024-09-20 | by ( Will Martin | ) www.businessinsider.com time to read: +1 min

Amazon's five-days-a-week RTO push is "a triumph of traditional management over innovative management." He compared the decision to reverting to your usual order after trying something new at a restaurant. Go to newsletter preferences Thanks for signing up! AdvertisementAmazon's new five-days-a-week return to office policy is "a triumph of traditional management over innovative management," a former top Google executive says. He compared Amazon's reversion to its pre-pandemic office policies to ordering a new dish in a restaurant before reverting back to your usual order.

Persons: Laszlo Bock, —, Fortune, Bock, Gretel Organizations: Service, Google, Amazon, Business

☆ Meta and Google face potential ad revenue loss as Temu's growth stalls
▼ + stars: | 2024-09-20 | by ( Deirdre Bosa | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta and Google face potential ad revenue loss as Temu's growth stallsCNBC’s Deirdre Bosa reports on potential trouble ahead for Meta and Google as Temu growth continues to slow.

Persons: Deirdre Bosa Organizations: Meta, Google

☆ Iranian hackers sent stolen Trump campaign info to Biden campaign associates, FBI says
▼ + stars: | 2024-09-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Michael-Kosnar-Circle-Byline-Template.Jpg | Michael Kosnar | ) www.nbcnews.com time to read: +4 min

Iranian hackers have continued to make attempts since late June to transmit nonpublic stolen material tied to Trump’s campaign to media organizations, according to Wednesday’s statement, which noted that the FBI is tracking the activity. In a statement Wednesday, Trump campaign spokeswoman Karoline Leavitt said Iranians wanted to help Vice President Kamala Harris, who replaced Biden as the Democratic nominee, "because they know President Trump will restore his tough sanctions and stand against their reign of terror." To be known as the Iran, Iran, Iran case!" Harris campaign spokesperson Morgan Finkelstein said the campaign has cooperated with law enforcement since it learned about the hacking effort. Law enforcement agencies contacted those people and the Biden campaign to make them aware of the emails, the sources said.

Persons: Donald Trump’s, Joe Biden's, Trump, Karoline Leavitt, Kamala Harris, Biden, Harris, Morgan Finkelstein, We’re, Finkelstein Organizations: Democratic, FBI, National Intelligence, Infrastructure Security Agency, NBC, Islamic Revolutionary Guard Corps, Trump, Biden, NBC News, Justice Department, United Nations Locations: Iran, Russia, China, Iranian

☆ 27-year-old Nebraska man who posed as high schooler sentenced to at least 85 years for sex crimes
▼ + stars: | 2024-09-19 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

A 27-year-old Nebraska man who posed as someone a decade younger and attended high school for more than 50 days was sentenced to at least 85 years in prison in connection with sex crimes charges, court documents show. Scheich identified himself as “Zak Hess,” 17, and attended two high schools in Lincoln — Northwest High School and Southeast High School — for 54 days in the 2022-23 school year, officials previously said. A spokesperson for the district where Scheich attended high school also did not respond to a request for comment Wednesday. Charging documents show the crimes he pleaded guilty to mostly occurred in 2022 and 2023. In September, authorities accused a 23-year-old woman of criminal impersonation after she allegedly posed as Scheich’s mother and helped him get enrolled in the schools, according to KOLN.

Persons: Zachary Scheich, won’t, Amber Scholte, Scheich “, Scheich, “ Zak Hess Organizations: NBC, KOLN, Lincoln . Lincoln Police Department, Google, Lincoln — Northwest High School, Southeast High, —, Authorities, Police Locations: Nebraska, Lancaster, Lincoln, Neb, Lancaster County, Lincoln —, KOLN

Amelia is the latest generative AI tool that Amazon has brought to market in the past year as it seeks to capitalize on the hype sparked by OpenAI's ChatGPT. The company has introduced an AI-powered shopping assistant named Rufus, a chatbot for businesses dubbed Q and Bedrock, a generative AI service for cloud customers. More than 400,000 of Amazon's millions of third-party sellers have used its AI listing tool, up from 200,000 in June, he said. With Amelia, Amazon is counting on generative AI to help with a key issue for third-party merchants — account troubleshooting. Amazon said the tool uses retrieval-augmented generation, or RAG, a popular AI industry framework that combines generative AI with long-established methods of information retrieval.

Persons: Nathan Stirk, Amelia, OpenAI's ChatGPT, Rufus, Anthropic, Andy Jassy, Jassy, Thos Robinson, it's, Dharmesh Mehta, Mehta Organizations: Getty, Central, CNBC, New York Times, Google, Microsoft, Merchants Locations: New York City, Seattle .

☆ The 10 most popular travel destinations this Thanksgiving, according to Google Flights
▼ + stars: | 2024-09-19 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +1 min

Google Flights shared the top-searched destinations on its platform for Thanksgiving 2024. The data is based on the most-searched travel destinations for November and December 2024. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . With Thanksgiving a little over two months away, it's a good time to think about booking flights, and Google Flights' most-searched travel destinations might serve as some inspiration.

Persons: — Organizations: Google, Service, Business Locations: Orlando

☆ The company behind Sam Altman's iris-scanning ID startup just revealed new tech. Its privacy chief explains how it works.
▼ + stars: | 2024-09-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +9 min

The technology is similar to Apple's Face ID but mobile platform-agnostic, given that many Worldcoin users have Android devices. So I can take a photo of your face, and, through complicated AI, I could fool Face ID, for example. If it is the first time, the orb takes the iris code and cryptographically processes the iris code. Individually, neither of those new codes looks anything like the iris code, nor can they be brought back to the iris code on their own. The one person that can access that information is the owner of the world ID — the user.

Persons: Sam Altman's, Worldcoin, It's, Damien Kieran, Elon Musk, Kieran, they're, it's, Alex, Sam Altman Organizations: Service, Business, Companies, Humanity, Twitter, Google Locations: Germany, France, Kenya

☆ Like digital locusts, OpenAI and Anthropic AI bots cause havoc and raise costs for websites
▼ + stars: | 2024-09-19 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +11 min

One study estimated that the world's supply of usable AI training data could be depleted by 2032. An OpenAI spokesperson said the company's bot was querying Coates' website roughly twice per second. But hungry AI botnets scrape first, ask questions later. "Utterly sick"Coates says his Game UI Database is back up and running and he continues to add to it. But Coates' story is emblematic of a bigger question: When AI comes to change the world, who bears the cost?

Persons: —, Edd Coates, Coates, Jay Peet, We've, Joshua Gross, Gross, Jennifer Martinez, Anthropic, Senecal, botnets, robots.txt, Roberto Di Cosmo, Di Cosmo, Tania Cohen, Cohen Organizations: Service, Business, OpenAI, Google, Microsoft, Software Heritage, Software Locations: It's

☆ Mark Robinson, NC GOP nominee for governor, called himself a ‘black NAZI!,’ supported slavery in past comments made on porn forum
▼ + stars: | 2024-09-19 | by ( Andrew Kaczynski | Em Steck | ) edition.cnn.com time to read: +13 min

CNN is reporting only a small portion of Robinson’s comments on the website given their graphic nature. Many of Robinson’s comments on Nude Africa stand in contrast to his public stances on issues such as abortion and transgender rights. I sat there for about an hour and watched as several girls came in and showered,” Robinson wrote on Nude Africa. Writing in a forum discussing Black Republicans in October 2010, Robinson stated unprovoked: “I’m a black NAZI!”That same month, Robinson wrote in another post that he supported the return of slavery. Robinson’s comments on Nude Africa often frequently contained derogatory and racial slurs directed at Black, Jewish and Muslim people.

Persons: — Mark Robinson, ”, Robinson, He’s, ” Robinson, “ We’re, “ peeping, “, peeping, “ I’m, Josh Stein, Martin Luther King Jr, King, Barack Obama, Martin Lucifer Koon, Donald Trump, Stein, minisoldr, robinson ”, minisoldr “ Mark, ” Minisoldr, Yolanda Hill, Minisoldr, Mark Robinson’s, Disqus, Robinson’s, Greensboro , North Carolina – Robinson’s, Robinson Robinson, Mark Robinson, dunder, Nazi Germany Adolf Hitler, “ I’d, Martin Luther King, hebe ”, Norman Lear Organizations: CNN, Republican, Publicly, Africa, NC, Assembly, North Carolina Republican Party, Stein, Army, Black College and University, North Carolina, T State University, Disqus, Greensboro , North Carolina –, Twitter, Facebook, Black Republicans Locations: North Carolina, Parkland, North, Washington ,, Greensboro , North Carolina, Greensboro, NAZI, Nazi Germany, Washington

☆ YouTube ads can play even when your screen is paused now
▼ + stars: | 2024-09-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —First, YouTube subjected viewers to longer unskippable ads. The Google-owned platform confirmed Thursday that it has “widely rolled out Pause ads to all advertisers.” When the video is paused, an ad will pop up on the side of the screen, according to social media posts. You’re putting up ads when you pause a video now?,” one X user posted. Though not revealing specific financial insights, the company said the pause ads were profitable. “Initial results show that pause ads are driving strong brand lift results and are commanding premium pricing from advertisers,” Schindler said during the April call.

Persons: Google’s Philipp Schindler, ” Schindler Organizations: New, New York CNN, YouTube, Google, CTV Locations: New York

☆ DryMerge aims to link your apps in one place. Here's the 8-page pitch deck its Gen Z founders used to raise $2.2 million.
▼ + stars: | 2024-09-19 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

Edward Frazer and Sam Brashears have built software together since fourth grade, and that's exactly what they'll start with if you're a venture capitalist listening to their pitch for funding. The two 22-year-old cofounders and longtime friends started developing the API integration software known as DryMerge last year. "Sam and I have spent more time with each other than anyone else except probably our families, so we're just really, really good friends." When evaluating team risk, VCs also look for whether the co-founders can build the product the way they envision it. Here's the eight-page pitch deck that Frazer and Brashears used to secure their $2.2 million seed round for DryMerge.

Persons: Edward Frazer, Sam Brashears, Frazer, Slack, DryMerge, Sam, Brashears, VCs, they've Organizations: Service, Business, Garage Capital, Goodwater, Ritual, Yale University, University of Wisconsin Locations: Madison

☆ Anti-Defamation League suing Intel, its first-ever discrimination case against major American company
▼ + stars: | 2024-09-19 | by ( Alexandra Ferreyros | Cnbc Intern | ) www.cnbc.com time to read: +5 min

For the first time in its century-plus history, the Anti-Defamation League is suing a Fortune 500 company, Intel , joining a case brought by the law firm of Wigdor on behalf of a former Israeli employee of the technology firm. Intel has operated in Israel for 50 years, where it has invested more than $50 billion, and remains one of Israel's largest private employers with more than 11,700 Israeli employees. The company estimated $8.7 billion in exports from its Intel operations, accounting for 5.5% of Israel's high-tech exports and 1.75% of the country's GDP, in 2022. When employers do not meet their legal obligations in protecting their Jewish employees, ADL will not hesitate to act." The former Israeli employee also recently sent an open letter to Intel's board of directors about his complaint.

Persons: wasn't, Jonathan Greenblatt, Greenblatt, Google, we've Organizations: Defamation League, Fortune, Intel, ADL, CNBC, Google Locations: Wigdor, Israel, U.S, boardrooms, Gaza

☆ How Elon Musk amplified content from a suspected Russian election interference plot
▼ + stars: | 2024-09-18 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +9 min

Musk did not respond to an email Tuesday asking about the Radio Free Europe/Radio Liberty report and about his sharing of Tenet Media content. Representatives for X also did not respond to a request for comment about Musk or about X’s handling of Tenet content. In posts on X, Musk has appeared unconcerned about Russia’s influence operations. The day after the indictment dropped, Musk accused The Associated Press of pushing anti-Trump “propaganda” in its coverage of Tenet Media. Southern and other commentators formerly employed by Tenet Media have said that they did nothing wrong.

Persons: Elon Musk, Tenet’s, Donald Trump, Trump, Musk’s reshare, Tenet, Dave Rubin, Benny Johnson, Christopher Wray, ” Tenet, Volodymyr Zelenskyy, Musk, X, Ben Shapiro, Josephine Lukito, ” Lukito, ”, Tim Pool, Rubin’s, Sen, Mark R, Martin Riedl, Lauren Southern, “, ” Musk, ” Southern Organizations: Elon, Tenet Media, NBC, Republican, White, Tenet, Radio Free, Radio Liberty, Social Design Agency, Associated Press, Trump, University of Texas, “, Tech, Senate Intelligence, Meta, Microsoft, Warner, Democratic, CNBC, School of Journalism, Media, University of Tennessee, NASA Locations: Russian, Russia, Radio Free Europe, Moscow, Knoxville, Europe

YouTube will also integrate generative AI text and image output into an “Inspiration” feature for creators, which is intended to feed them suggestions and examples for video content. Mohan said that 92% of YouTube creators already use AI tools. The new AI video creation tool is called “Veo.” Creators will input text prompts to create AI images, which can then become the basis of the six-second clips. Mohan teased it with an AI-generated video of a dog and a sheep becoming friends. YouTube is the latest platform to announce AI-generated video capabilities, following demos from OpenAI of their text-to-video technology Sora.

Persons: Neal Mohan, Mohan, ”, Sarah Ali, Sora, Ali, DeepMind, Vivien Lewit, monetize, livestream Organizations: YouTube, NBC News, Microsoft, Meta, Google, Shorts Locations: Google’s Manhattan

☆ 2-year-old who walked out of her family home after bedtime killed in car accident
▼ + stars: | 2024-09-18 | by ( Samantha Kubota | ) www.nbcnews.com time to read: +1 min

Police in Michigan are investigating after a car hit and killed a toddler who appeared to have left her home after being put to bed on Friday. According to a statement from the Michigan State Police, a 2-year-old girl “got out of her bed and walked out of the house” while her parents were working around the family’s home in Allen Township, a small community about an hour southeast of Kalamazoo, Michigan. Police were called at 8:20 p.m. about a “car versus pedestrian crash” and found the young child in the road. An autopsy will be performed on the child, Jackson Post Troopers said in the release, and the investigation is ongoing. If anyone has information about the incident, they’re asked to contact Michigan State Police Jackson Post at 517-780-4580.

Persons: “, ” Michigan State Police Jackson, wasn’t, they’re, Michigan State Police Jackson Organizations: Michigan State Police, Kalamazoo , Michigan . Police, ” Michigan State Police, Google, VW Jetta, Jackson Post Troopers Locations: Michigan, Allen Township, Kalamazoo , Michigan, Jackson, Mich

☆ Meet the ex-Googler joining Goldman Sachs to build tech and cut costs for its investment banking and trading business
▼ + stars: | 2024-09-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

As the incoming global head of technology engineering for Goldman Sachs' global banking and markets division, the ex-Googler will run the engineering team for Goldman's investment banking and sales and trading units. And lots of different challenges in the space given how much is being invested in this particular business," Goldman told Business Insider, referring to efforts to build systems that can handle the firm's anticipated growth in a compliant and resilient way. Goldman Sachs' core business of advising companies through mergers, acquisitions, and raising capital, has come under the spotlight recently as investment-banking activity continues to be slow. AdvertisementWith an anticipated decline in trading volumes across Wall Street, Goldman's sales and trading business will continue to lean on technology to win market share among institutional investors. During her first stint at Goldman, she managed various tech teams and was named managing director in 2008.

Persons: Melissa Goldman, Goldman Sachs, Goldman, she's, couldn't, You've, I'm, I've Organizations: Service, Goldman, Google, JPMorgan, Wall, Big, Bank of America Locations: Wall, Bermuda, Big Tech

☆ Google wins court challenge to the EU's $1.7 billion antitrust fine over ad product
▼ + stars: | 2024-09-18 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

A Google logo displays on a smartphone screen and the European flag on a computer screen. The European Union's second-highest court on Wednesday said a 1.5 billion euro ($1.7 billion) fine imposed on Google by regulators should be annulled, siding with the U.S. tech giant after it challenged the ruling. The case stems from 2019 when the European Commission, the EU's executive arm, said Alphabet -owned Google had abused its market dominance in relation to a product called AdSense for Search. Google acts as an intermediary allowing advertisers to serve ads via search on third-party websites. The Commission fined Google 1.49 billion euros at the time.

Organizations: Google, U.S, European Commission

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