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☆ DOJ sues software firm RealPage for allegedly helping landlords collude to keep rents high
▼ + stars: | 2024-08-23 | by ( Kevin Breuninger | ) www.nbcnews.com time to read: +2 min

The Department of Justice and eight states on Friday accused software company RealPage of unlawfully scheming to undermine competition among landlords and create a monopoly that harms millions of renters. RealPage “allows landlords to manipulate, distort, and subvert market forces,” the Justice Department said in a civil complaint in U.S. District Court in North Carolina. “At bottom, RealPage is an algorithmic intermediary that collects, combines, and exploits landlords’ competitively sensitive information,” the antitrust lawsuit said. “Antitrust law does not become obsolete simply because competitors find new ways to unlawfully act in concert,” Garland said. Democratic nominee Kamala Harris last week unveiled an economic plan that aims to lower rental costs in part by cracking down on the companies behind price-setting tools that let landlords collude.

Persons: “, General Merrick Garland, ” Garland, ”, RealPage, Garland, Kamala Harris, — CNBC’s Eamon Javers Organizations: of Justice, Justice Department, DOJ, “, Democratic Locations: U.S, North Carolina, “, North Carolina , California , Colorado , Connecticut, Minnesota , Oregon , Tennessee, Washington

☆ With Hunter Biden on trial, special counsel spending grows
▼ + stars: | 2024-08-23 | by ( Katelyn | ) edition.cnn.com time to read: +3 min

CNN —Special counsel David Weiss’ office spent a total of $3.4 million over the past six months, a dramatic increase as it took Hunter Biden to trial in Delaware on gun-related charges and secured a conviction of the president’s son. Spending by two other Justice Department-appointed special counsels, Jack Smith and Robert Hur, decreased slightly compared with the six months prior. The disclosures come as courts have upped their scrutiny of special counsel office operations. Hunter Biden and another defendant in a separate criminal case have so far been unsuccessful in attempting to challenge special counsel Weiss’ authority. Challengers including Trump have argued that shouldn’t be allowed because Congress didn’t specifically sign off on the special counsel offices.

Persons: David Weiss ’, Hunter Biden, Weiss, Weiss ’, Jack Smith, Robert Hur, — Hunter Biden, Donald Trump —, Hur, Biden, Smith, shouldn’t Organizations: CNN, Department, Trump Locations: Delaware, Florida, Washington, DC, California

☆ DOJ sues real estate firm RealPage, claiming software enabled collusion on rents
▼ + stars: | 2024-08-23 | by ( Eamon Javers | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ sues real estate firm RealPage, claiming software enabled collusion on rentsCNBC's Eamon Javers reports on news from the Department of Justice.

Persons: RealPage, Eamon Javers Organizations: DOJ, Department of Justice

☆ Alaska Airlines and Hawaiian Airlines merger clears Justice Department hurdle, now faces DOT
▼ + stars: | 2024-08-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023. The combination would become the biggest U.S. airline merger since Alaska combined with Virgin America in 2016, according to Mergermarket. "The time period for the U.S. Department of Justice to complete its regulatory investigation of the proposed combination of Alaska Airlines and Hawaiian Airlines under the [Hart-Scott-Rodino Antitrust Improvements] Act has expired," Alaska Airlines said in a statement. The development comes after the DOJ won a court ruling in January that blocked JetBlue Airways ' acquisition of Spirit Airlines . Last year, the DOJ won another suit that undid a partnership in the Northeast between JetBlue and American Airlines .

Persons: Hart, Scott Organizations: Hawaiian Airlines, San Francisco International Airport, Alaska Airlines, U.S . Justice Department, U.S . Transportation Department, U.S, Virgin America, U.S . Department of Justice, DOJ, JetBlue Airways, Spirit Airlines, JetBlue, American Airlines Locations: Alaska, San Francisco , California, United States

☆ The 'crazy' fix for Google's monopoly that investors are whispering about
▼ + stars: | 2024-08-14 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

The idea is that the US would require Google to make its Search index publicly available for anyone to use. AdvertisementBots and indexesA Search index is created by a bot crawling the web and collecting keywords and other information from sites. Related storiesGoogle's Search index is the biggest in the world. The Search index as part of the public commonsWouldn't this be taking something that belongs to Google, though? In the same way Bing powers DuckDuckGo, Google's open index could power other rival search engines that could offer different approaches to Google's search engine.

Persons: —, It's, wouldn't, it's, Amit Mehta's, Bing, DuckDuckGo Organizations: Service, Justice Department, Business, Google, Rivals, Mobile Virtual Network, Verizon, DOJ

☆ DOJ's Kanter on preserving competition: We want existing incumbents to work harder and deliver more
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ's Kanter on preserving competition: We want existing incumbents to work harder and deliver moreJonathan Kanter, Assistant Attorney General for Justice Department’s Antitrust Division, joins 'Squawk Box' to discuss the government's battles against corporate giants, fallout from Google's antitrust ruling, DOJ's antitrust fight against Big Tech and healthcare sectors, and more.

Persons: DOJ's Kanter, Jonathan Kanter Organizations: Justice Department’s Antitrust, Big Tech

An attorney for former President Donald Trump has filed a legal notice announcing that his client plans to sue the Justice Department and the FBI for $115 million for alleged "malicious political prosecution" and "abuse of process." Epstein is a former Trump White House lawyer who is now vice-president of America First Legal, the legal group founded by former Trump adviser Stephen Miller. The filing does not mention the multiple requests from the National Archives and the Justice Department for Trump to return the records. The Justice Department declined to comment. It's unclear what would happen to the action if Trump is elected president again in November, and whether he would be able to direct the Justice Department to pay what he's seeking.

Persons: Donald Trump, baselessly, Jack Smith, Trump, —, Daniel Z, Epstein, Stephen Miller, Donald Trump's Mar, Smith, Aileen Cannon, Cannon, Steven Cheung, He's, E, Jean Carroll's Organizations: Justice Department, FBI, NBC, Trump White House, America, of Justice, Fox News, Trump, National Archives, DOJ, U.S, “ weaponized Department of Justice, Southern, Southern District of, NBC News Locations: Florida, Lago, Cannon, Southern District, Southern District of Florida

☆ Trump plans to file a $100 million lawsuit against the Justice Department over Mar-a-Lago search and 'witch hunts'
▼ + stars: | 2024-08-12 | by ( Lisa Rubin | Dareh Gregorian | ) www.cnbc.com time to read: +5 min

An attorney for former President Donald Trump has filed a legal notice announcing that his client plans to sue the Justice Department and the FBI for $115 million for alleged "malicious political prosecution" and "abuse of process." "This malicious prosecution led President Trump to spend tens of millions of dollars defending the case and his reputation," Trump attorney Daniel Z. Epstein wrote in a notice of claim against the department. Epstein is a former Trump White House lawyer who is now vice-president of America First Legal, the legal group founded by former Trump adviser Stephen Miller. The filing does not mention the multiple requests from the National Archives and the Justice Department for Trump to return the records. The Justice Department declined to comment.

Persons: Donald Trump, baselessly, Jack Smith, Trump, —, Daniel Z, Epstein, Stephen Miller, Smith, Aileen Cannon, Cannon, Steven Cheung, He's, E, Jean Carroll's Organizations: Montana State University, Justice Department, FBI, NBC, Trump White House, America, Fox News, Trump, National Archives, DOJ, U.S, weaponized Department of Justice, Southern, Southern District of, NBC News Locations: Bozeman , Montana, Florida, Cannon, Southern District, Southern District of Florida

☆ Trump claims he faced 'unacceptable intrusion' over FBI Mar-a-Lago raid in notice to sue the DOJ for $100 million
▼ + stars: | 2024-08-12 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

Read previewFormer President Donald Trump is planning to sue the Department of Justice for $100 million in damages over the FBI's August 2022 raid on his Mar-a-Lago estate in Florida. This story is available exclusively to Business Insider subscribers. Advertisement"President Trump had a clear expectation of privacy at Mar-a-Lago, his and his family's personal residence," the memo reads. The DOJ declined to comment on the notice of claim to Business Insider. Advertisement"This malicious prosecution led President Trump to spend tens of millions of dollars defending the case and his reputation," the memo reads.

Persons: —, Donald Trump, Daniel Epstein, Trump's, Trump, Jack Smith, General Merrick Garland, Aileen Cannon —, Trump —, Department's, Smith, Cannon, Garland, Christopher Wray's, Steven Cheung, Kamala Harris, Joe Biden's, Cheung Organizations: Service, of Justice, DOJ, FBI, Business, Mar, Trump, Republican, weaponized Department of Justice, Democrat Witch Hunts Locations: Lago, Florida, Mar

☆ A crypto data leak led the FBI to America's most wanted sex trafficking fugitive. Now, the victims want his bitcoins.
▼ + stars: | 2024-08-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +16 min

Four bitcoin wallets that led to sex-trafficking fugitive Michael Pratt's capture are seen in the bottom left corner. AdvertisementFrom Michael Pratt's 2019 criminal complaint. Federal prosecutors say Pratt increased traffic by forwarding each victim's video link to her school, work, family, and social connections. Michael Pratt's Swiss ID and Barcelona Mailboxes Etc. AdvertisementThese days, DeBarber runs the Baltimore-based Phoenix AI cybersecurity firm with cofounder Justine Li, a Girls Do Porn victim and plaintiff.

Persons: —, Michael James Pratt —, Pratt, Michael Pratt's, Michael Pratt, it's, Charles DeBarber, ike, ake, ould, ong, hough, erving, J ames, rove, ratt, ong K ong, egan, ove, arlene, lew, anni, rooke,, rian H olm,, wiss Organizations: Service, Spanish, Business, Spain's Policia Nacional, Policia Nacional, ust Locations: New Zealander, Madrid, Southern California, Spain, bitcoin, omiting,, ife, ictim

That includes the Jan. 6 and 2020 election interference case brought by special counsel Jack Smith. If Harris wins the election in November, Trump’s Jan. 6 case — though weakened by the Supreme Court — will continue to move toward trial. She is also likely to avoid much discussion of Trump’s handling of classified documents: While a Trump-appointed federal judge dismissed a federal case involving his alleged mishandling of classified documents, the Justice Department has appealed and the case could ultimately survive. While those rules are binding only on the Justice Department, part of Harris’ pitch to voters is that she would respect the lines between the Justice Department and the White House that have existed for decades, since the Watergate scandal. During the Biden administration, the Justice Department appointed another special counsel, a former Trump appointee, who secured the conviction of Biden’s son Hunter Biden on gun charges.

Persons: WASHINGTON, Kamala Harris, Donald Trump, Walz, there’s, Harris, Trump, Jack Smith, Trump’s Jan, Hillary Clinton, “ We’re, ”, —, Tony West, Eric Holder, “, ” Harris, fraudsters, cheaters, Donald Trump’s, Jean Carroll, Joe Biden, Bill Shipley, Shipley, Biden, Smith, Biden’s, Hunter Biden Organizations: Harris, Trump, Supreme, Department, DOJ, United, Democratic National Committee, Justice, Justice Department, NBC News, Republicans, Congress, Democrats, Republican Locations: Wisconsin, United States, California, New York

☆ 'These are not normal;' A new type of dealmaking for AI startups is rattling Silicon Valley
▼ + stars: | 2024-08-10 | by ( Ben Bergman | Sri Muppidi | ) www.businessinsider.com time to read: +7 min

Google unnerved Silicon Valley last week when it agreed to pay $2.5 billion to license Character.AI's technology, hire its two superstar cofounders and 20 percent of employees. The deal came after AI developers Adept and Inflection both effectively sold themselves to Amazon and Microsoft, respectively, in recent months. It was only last year Character.AI raised $150 million in venture funding, which valued the company at $850 million. Its appeal as a chatbot that uses AI to make virtual characters that interact with users seems decidedly niche. Related storiesMost of the founders and investors Business Insider spoke to for this story say Google has little interest in Character.AI's actual product.

Persons: cofounders, Brent Queener, Kyle Sanford, Character.AI, Iris Sun, Noam Shazeer, Daniel De Freitas, Jack Selby, Peter Thiel's, Steve Brotman, Shazeer, De Freitas, PitchBook's Sanford, they're, Roy Bahat, Arvind Jain, Cameron Lester, Lester Organizations: Service, Microsoft, Bonfire Ventures, Business, Apple, Big Tech, AZ, Biden Administration, Federal Trade Commission, Department of Justice, Alpha Partners, FTC, DOJ, New York Times, Google, Madrona Venture, Bloomberg Beta, Jefferies

☆ DOJ accuses Smartmatic's president of overseas bribery, complicating defamation lawsuits against right-wing media
▼ + stars: | 2024-08-09 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

In reality, Smartmatic's technology was used in only one county during the 2020 election, Los Angeles. AdvertisementBut the indictment can still help Fox News, Newsmax, and other defendants in Smartmatic's many defamation lawsuits. Following the 2020 election, Smartmatic and Dominion both launched civil defamation lawsuits against Trump allies and right-wing media organizations that pushed false claims about the companies. But some of its defamation lawsuits have been snagged by claims of wrongdoing in the Philippines. AdvertisementDefendants in Smartmatic's defamation cases have argued that Smartmatic has vastly overstated its the amount of damages it says it should get.

Persons: —, Roger Piñate, Andres Bautista, Smartmatic, Donald Trump, Joe Biden, Piñate, Department's, Bautista —, Bautista, Trump's, Rudy Giuliani, Sidney Powell, Mike Lindell, Reid Hoffman, Giuliani, Powell, COMELEC Organizations: Service, The Justice Department, Business, Fox, The, Department, Prosecutors, CNN, Justice Department, Dominion, Trump, Fox News, Democratic Party, One America Locations: Philippines, Philippine, Los Angeles, Asia, Europe, Florida, Smartmatic

☆ Arizona grand jurors wanted to indict Trump, prosecutors urged them not to
▼ + stars: | 2024-08-07 | by ( Zachary Cohen | Holmes Lybrand | ) edition.cnn.com time to read: +3 min

CNN —Members of the grand jury in Arizona that indicted 18 allies of Donald Trump earlier this year for their alleged roles in attempting to overturn the 2020 election had also expressed interest in charging the former president, according to a new court filing. The interest was strong enough that it prompted the state’s lead prosecutor to request that the grand jury not indict the former president and give a PowerPoint presentation to explain his reasoning. Prosecutors cited two primary reasons for why the grand jury should not charge Trump: a lack of evidence and a US Justice Department policy they believe would hamper charges against a former president. The policy cited by prosecutors deals with DOJ guidelines limiting how the federal government can prosecute individuals already charged with similar crimes at the state level. That’s why you do not see that,” the state prosecutor told the grand jury.

Persons: Donald Trump, Trump, Joe Biden’s, Jack Smith, Fani Willis, Rudy Giuliani, Mark Meadows, “ Unindicted, ”, Meadows, indicting Trump, I’ve, Willis Organizations: CNN, Fulton, White House, Trump, Prosecutors, US Justice Department Locations: Arizona, Georgia, Fulton County

☆ Pakistani man charged with murder-for-hire plot against U.S. politicians, potentially including Trump
▼ + stars: | 2024-08-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dilanianmug.Jpg | Ken Dilanian | ) www.nbcnews.com time to read: +4 min

A Pakistani man allegedly tied to Iran has been charged with an elaborate plot to assassinate current and former government officials, potentially including former President Donald Trump. The complaint does not name an alleged target or targets, but a senior law enforcement official said Trump was one of the potential targets of this plot. Merchant allegedly told the confidential source that the “people who will be targeted are the ones who are hurting Pakistan and the world, [the] Muslim world. On June 10, Merchant allegedly met in New York with undercover law enforcement officers posing as assassins for hire. Asif Merchant paid the undercover law enforcement officers $5,000 so they knew they were going forward.

Persons: Donald Trump, Asif Merchant, Merchant, Trump, Lester Holt, Christopher Wray, DOJ Merchant, Qassem Soleimani, Butler, General Merrick Garland, “, ” Organizations: NBC, DOJ, NBC News, ., Quds Force, Islamic Revolutionary Guard Corps, Service, Trump, FBI Locations: Iran, Pennsylvania, Pa, Texas, New York, Pakistan

☆ Boeing workers paint a picture of chaos and dysfunction in NTSB investigation
▼ + stars: | 2024-08-06 | by ( Chris Isidore | Pete Muntean | ) edition.cnn.com time to read: +10 min

The worker said there was no special training to open, close, or remove a door plug versus a regular door. But there were problems with the rivets by the door plug that needed to be repaired, so the door plug was removed so the work could be done. There were Spirit employees at the Boeing plant, but communication between the Boeing and Spirit workers on the floor of the Boeing factory wasn’t good, according to another interview transcript released Tuesday. But there were problems with five rivets near where the door plug was installed, and Boeing workers removed the door plug in order to fix those rivets. Boeing’s mounting problemsBut the probe is only one of the problems Boeing faces because of the incident.

Persons: Max, ”, “, haven’t, Jennifer Homendy, Elizabeth Lund, Lund, Doug Ackerman, Homendy, ” Homendy, CNN’s Owen Dahlkamp, Danya Gainor, Celina Tebor, Nicki Brown, Ramishah Maruf Organizations: Washington CNN — Workers, Boeing, National Transportation, NTSB, FAA, Spirit, Alaska Airlines, Max, Airplanes ’, Boeing Commercial Airplanes, FBI, Federal Aviation Administration, Justice Department, DOJ Locations: United States, Renton , Washington, Alaska

☆ Trump possible target of Pakistani national charged in murder-for-hire plot
▼ + stars: | 2024-08-06 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Federal prosecutors have charged Asif Merchant, a Pakistani national with alleged ties to Iran, in a murder for hire plot of a U.S. politician or government officials. A Pakistani national with ties to Iran was charged in a foiled plot to assassinate U.S. government officials on American soil, the Department of Justice said Tuesday. Merchant unwittingly coordinated with a confidential law enforcement source, who put him in touch with two more undercover agents purporting to be hitmen, the DOJ said. Law enforcement officials do not believe the alleged plot by Merchant is related to the assassination attempt against Trump at the rally in Pennsylvania, NBC reported. Trump's Secret Service protection was increased prior to that rally, after U.S. officials learned of an Iranian plot to kill Trump, NBC reported in mid-July.

Persons: Asif Merchant, Donald Trump, NBC News . Merchant, Trump, Merchant Organizations: U.S, Department of Justice, NBC News ., DOJ, Republican, Trump, NBC Locations: Iran, U.S, Texas, Pennsylvania, Iranian, Iraq

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Micron, Amazon, Apollo Global & more
▼ + stars: | 2024-08-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Stifel initiates GE Healthcare as buy Stifel said it's bullish on shares of the GE spin-off. Rosenblatt reiterates Nvidia as buy Rosenblatt said concerns about delays in the company's Blackwell chip are overdone. " JPMorgan downgrades Carlyle Group to neutral from overweight JPMorgan said it sees better value elsewhere. Morgan Stanley reiterates Apple as overweight Morgan Stanley said Monday's DOJ ruling on Alphabet is a negative for Apple. JPMorgan upgrades Sonic Automotive to overweight from neutral JPMorgan said investors should buy the dip in the auto company.

Persons: Stifel, it's, Morgan Stanley, Rosenblatt, Blackwell, JPMorgan, Carlyle, Piper Sandler, Piper, Palantir, KeyBanc, D.A, Davidson, Apple, GOOGL, SAH, underperform Macquarie Organizations: GE Healthcare, GE, Taiwan Semiconductor, JPMorgan, Barclays, Nvidia, Blackwell, Royal, JPMorgan downgrades Carlyle Group, Bank of America, Artificial Intelligence, Micron, Apollo, of America, Apollo Global Management, APO, Meta, Retail Media, DOJ, Apple, Aspen, Sonic Automotive, SS, UBS, Walmart, Northland, Honest, Honest Company, Macquarie, underperform Locations: Royal Caribbean, GOOGL, EVs, China

☆ DOJ's Kanter on Google antitrust ruling: We're interested in ensuring the competitive market works
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ's Kanter on Google antitrust ruling: We're interested in ensuring the competitive market worksJonathan Kanter, Assistant Attorney General for Justice Department’s Antitrust Division, joins 'Squawk on the Street' to discuss Google's antitrust lawsuit, what the ruling means for Google going forward, what the remedies should be, and more.

Persons: DOJ's Kanter, We're, Jonathan Kanter Organizations: Google, Justice Department’s Antitrust

☆ We’re about to get the most detailed explanation yet for Boeing’s terrifying mid-air blowout
▼ + stars: | 2024-08-05 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

It was a combination of the skill of the flight crew and good luck that no one was killed. But there were problems with five rivets near where the door plug was installed, and Boeing workers removed the door plug in order to fix those rivets. It would have had much more difficulty making it safely to the ground if the door plug had failed hours, rather than minutes, from the nearest runway. But the probe is only one of the problems Boeing faces because of the incident. He has faced harsh criticism for many of Boeing’s problems, with more than a dozen whistleblowers at the company complaining to congressional investigators that they faced pressure and retaliation for flagging safety problems in the company’s assembly process.

Persons: Max, Dave Calhoun, Kelly Ortberg, Rockwell Collins, Calhoun, haven’t, Josh Hawley, ” Organizations: New, New York CNN, Alaska Airlines, Boeing, Max, National Transportation Safety Board, NTSB, FBI, Federal Aviation Administration, Justice Department, FAA, DOJ, Rockwell, Capitol Locations: New York, Alaska, Renton , Washington, Hawaii

☆ Google loses DOJ antitrust lawsuit over search
▼ + stars: | 2024-08-05 | by ( ) 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 EmailGoogle loses DOJ antitrust lawsuit over searchCNBC's Deirdre Bosa joins 'Power Lunch' to discuss Google losing its legal battle with the Department of Justice.

Persons: Deirdre Bosa Organizations: Google, Department of Justice

☆ Judge orders DOJ to return helmet, spear to 'QAnon Shaman' Jacob Chansley
▼ + stars: | 2024-08-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

"QAnon Shaman" Jacob Chansley will regain possession of the makeshift spear and horned helmet that he carried as he stormed the U.S. Capitol during the Jan. 6, 2021, riot with other Trump supporters, a federal judge ruled Monday. "Since the government has not established that it still needs these items as evidence and has not sought their forfeiture, the Court will GRANT Mr. Chansley's motion," Lamberth wrote. The DOJ last month said it wanted to hold on to Chansley's property, because despite having expressed remorse at his criminal sentencing, he has since challenged his conviction and sentence. "Even if the government may need to reprove Mr. Chansley's guilt, the government has not explained why it would need his property," the judge wrote in Monday's order. "He was like thousands of others that day," Lamberth wrote in Monday's order.

Persons: Jacob Chansley, Royce Lamberth, GRANT Mr, Lamberth, District of Columbia Matthew Graves, Chansley's, Chansley, Joe Biden, Donald Trump, Trump, Mike Pence Organizations: U.S, Senate, U.S . Capitol, Capitol, Trump, Justice, Washington , D.C, DOJ, Attorney, District of Columbia Locations: Washington ,, United States, American

☆ Nvidia is on an acquisition spree even as regulatory scrutiny heats up and AI M&A cools
▼ + stars: | 2024-08-05 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

According to public announcements, the firm has made four acquisition deals so far in 2024, exactly even with Nvidia's 2020 deal total. Nvidia declined to discuss its acquisition strategy for this report, citing a quiet period before it announces earnings on August 28. In May, Nvidia agreed to acquire Deci AI, another Israeli startup that makes tools for developers to build AI models, for $300 million. In July Nvidia competitor AMD announced an agreement to acquire Silo AI, a Finnish AI startup, for $655 million. And this quiet trickle of deals in various forms is unlikely to stop since the market for AI talent is so tight.

Persons: —, Nader Khalil, Colette Kress, Kress, it's, OpenAI, Paul Baier, GAI, Baier, Umesh Pavdal, Thomvest Organizations: Service, Nvidia, Microsoft, Department of Justice, Federal Trade Commission, Business, ARM, Softbank, Politico, Shoreline, LinkedIn, Citi Global, DOJ, FTC, Amazon, AMD, Silo Locations: Israeli, California, San Francisco, Finnish

☆ Intel shares plunge 28%, dragging down global chip stocks
▼ + stars: | 2024-08-02 | by ( Arjun Kharpal | Arjun Kharpal Is A Senior Correspondent For Cnbc In London. | ) www.nbcnews.com time to read: +2 min

Global semiconductor stocks fell Friday after a lackluster set of results from U.S. chip firm Intel sent its shares cratering, and a global market sell-off weighed on some of the biggest names in the tech sector. A number of major U.S. chip names also dropped on Friday in U.S. premarket trade, with Nvidia trading around 4% lower. The DOJ is looking at complaints that the chip giant allegedly abused its market dominance in artificial intelligence chips, The Information reported. Adding to the pressure on chip stocks is a global equity sell-off that began in the U.S. and has fed its way through to Asia and Europe. The VanEck Semiconductor ETF, which includes major names in the sector, closed roughly 6.5% lower in the U.S. on Thursday.

Persons: ”, prem Organizations: Intel, Nvidia, U.S . Department of, DOJ, NVIDIA, CNBC, Taiwan Semiconductor Manufacturing, Samsung, SK Hynix, midafternoon, Infineon, AMD, Qualcomm, Nasdaq, VanEck Semiconductor Locations: U.S, Asia, Taiwan, South Korea, TSMC, Europe, Netherlands

☆ Even Nvidia can't escape the government's crackdown on Big Tech
▼ + stars: | 2024-08-02 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEven Nvidia, which appears untouchable in 2024, may not be immune to the government's sweeping crackdown on the Magnificent Seven. They have received complaints from competitors that Nvidia abused its dominance and pressured cloud providers to buy multiple Nvidia products, The Information reported on Thursday. Nvidia did not immediately respond to Business Insider's request for comment sent outside regular business hours. The DOJ's focus on Nvidia follows a series of other recent government investigations into Big Tech.

Persons: —, prem, Biden Organizations: Service, Department, Politico, Nvidia, Business, Reuters, Big Tech, FTC, DOJ, Apple, Amazon, Activision Blizzard

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