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The Justice Department on Wednesday asked the judge in its antitrust case against Google to force the company to sell its Chrome browser. "Advertisers would find competitors for their business, rather than needing to pay a dominant search engine." When you open Chrome and type something into the search bar at the top, these words are automatically transformed into a Google Search. And when there's an option for users, Google pays partners billions of dollars to set its search engine as the default. For instance, if most people click on the third result, Google's Search engine will likely adjust and rank that result higher in the future.
Persons: Mehta's, John Kwoka, Judge Mehta, Bing, There's, Bill Gurley, Sridhar Ramaswamy, Neeva, Ramaswamy, Teiffyon Parry, Equativ, Parry, Ben Thompson, John Gruber, Lee, Anne Mulholland Organizations: DOJ, Google, Department, Wednesday, Northeastern University, Chrome, Lens, Google's, Gmail, YouTube, Bloomberg
On Wednesday, DOJ officials in the antitrust division filed their proposal for remedies in the case. The DOJ wants Judge Mehta to force Google to sell its Chrome browser. Officials from the Department of Justice, in a Wednesday filing, urged District Judge Amit Mehta to force Google to sell its Chrome browser. AdvertisementMehta will consider the DOJ's proposal before he makes a final ruling regarding remedies in this case. "But if Google is able to control the company that buys Chrome, the impact of selling the business would be minimal.
Persons: Amit Mehta, Judge Mehta, Mehta, Lee, Anne Mulholland, Eric Chaffee, it's, Peter Cohan, Neil Chilson, Chilson, Joe Biden's, Donald Trump, Trump, Biden, Cohan, Chafee Organizations: Google, DOJ, Department of Justice, Apple, Business, Bloomberg, Case Western Reserve University, Babson College, FTC, Chrome, Case
REUTERS/Ken CedenoThe Department of Justice is calling for Google to divest its Chrome browser, following a ruling in August that the company holds a monopoly in the search market. Chrome, which Google launched in 2008, provides the search giant with data it then uses for targeting ads. Additionally, the DOJ said that Google be prevented from entering into exclusionary agreements with third parties like Apple and Samsung. The DOJ also said that remedies should prevent Google from eliminating "emerging competitive threats through acquisitions, minority investments, or partnerships." In August, a federal judge ruled that Google holds a monopoly in the search market.
Persons: Jonathan Kanter, General Merrick Garland, Lisa O, Ken Cedeno, Sherman Organizations: Live Nation Entertainment, Monaco, Department of Justice, REUTERS, Department, Justice, Google, Chrome, DOJ, Apple, Samsung, Microsoft, Android Locations: Washington , U.S
Business spending on generative AI surged 500% this year, from $2.3 billion in 2023 to $13.8 billion, according to data released by Menlo Ventures on Wednesday. The report also found that OpenAI ceded market share in enterprise AI, declining from 50% to 34%. Anthropic doubled its market share from 12% to 24%. Although OpenAI and Anthropic dominated companies' AI model use, he said, people are "juggling models" and that habit is "not a well-understood piece of data." Meta 's market share stayed at 16% and Cohere's share remained at 3%.
Persons: Anthropic, OpenAI, Tim Tully, Claude, Tully, that's, Mistral's, Google's, Anthropic's Claude, , chatbots Organizations: Menlo Ventures, Menlo, CNBC, Google, Microsoft Locations: Anthropic
In today's big story, all eyes are on Nvidia's earnings report after the bell and what it says about the chip giant's future. As the world's top provider of AI chips, demand for Blackwell is a bellwether for the industry's appetite for continued investment in AI. Reports of Blackwell chips overheating spooked the market earlier this week. AdvertisementIt's another cost companies investing in AI chips need to consider in addition to the energy required to fuel them, which has been a headache for tech giants . Barclays trimmed earning estimates next year by as much as 10% for some of the biggest buyers of AI chips, like Meta, Amazon, and Alphabet.
Persons: Jocko, we've, Getty, Tyler Le, It's, Matthew Fox, Blackwell, Jensen Huang, , BI's Emma Cosgrove, There's, hasn't, Howard Lutnick ANGELA WEISS, Howard Lutnick, Cantor Fitzgerald, Julian Robertson, Tiger hasn't, Goldman, Vivek Bantwal, Goldman Sachs, Rebecca Zisser, Rob Kim, Arturo Holmes, Chelsea Jia Feng, Trump's, Elon, colluding, Gary Wang, Sam Bankman, Gina Raimondo, Antony Blinken, Bill Hwang, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Retired Navy, Nvidia, Blackwell, Barclays, Getty, Trump, New, Tiger Management, Partners, Companies, Alexa, Uber, Ticketmaster, Apple, Google, DOJ, International Network of AI, Archegos Capital Management Locations: New York, Silicon, San Francisco, Chicago, London
Several companies, from Airbnb to Snap, are now reconsidering the utility of product managers entirely, while others claim that the product manager's reign will only expand in the age of AI. Advertisement"The shift in power moved from engineering to product managers," says Hubert Palan, the CEO of Productboard, a company that provides software for product managers. "The product manager is at the center of everything," says Avi Siegel, a former product manager who's working on his own startup, Momentum. Whether their coworkers are happy about it or not, product managers are gaining recognition. "The future really does belong to product managers," says Frank Fusco, a product manager turned CEO of a software company called Silicon Society.
Persons: Elle, Sundar Pichai, Satya Nadella, YouTube's Neal Mohan, Gamble, Hubert Palan, doesn't, Avi Siegel, who's, Aaron, he's, ZipRecruiter, Zippia, I've, they're, Palan, Meg Watson, Watson, Brian Chesky, Paul Graham —, Frank Fusco, Fusco Organizations: LinkedIn, Procter, Hewlett, Packard, Microsoft, Apple, Google, Companies, Big Tech, Carnegie Mellon University, . News, McKinsey, Software, Spotify, Chesky, Silicon Society
Founded in 2023, Prompt Security helps businesses close security gaps associated with AI usage. Later, he focused on building security software at Checkpoint and Orka Security. His latest venture, Prompt Security, is helping companies manage the cybersecurity risks associated with generative AI tools like OpenAI's ChatGPT or Google's Gemini. Related VideoAlmost 30% of companies deploying AI had an AI security breach in 2023, according to a Gartner survey. Golan explains that as employees use generative AI tools like chatbots, new threats emerge with data, intellectual property, and more.
Persons: Itamar Golan, Golan Organizations: Security, Israel Defense Forces, Orka, Business, Jump Capital, Hetz Ventures, Ridge Ventures, Gartner, Fortune, The New York Times, Palo Alto Networks Locations: cybersecurity
Many new Bluesky users are praising the feeling on the site as being similar to "old Twitter." This week, the app shot to the top of Apple's App Store and Google's Play Store, and a Bluesky spokesperson told Business Insider it hit 18.3 million registered users. Advertisement"Consumers, time and time again, show us that they will put a brand in jeopardy if the leadership is associated with ideology the consumers don't care for," Lind told Business Insider. A spokesperson for Bluesky told Business Insider that the platform aims to give users more choice and offer creators independence from being locked into specific platforms. A few weeks ago, Bluesky had less than 1 million daily users in the US, "so the acceleration is tremendous," said David Carr, an editor at Similarweb.
Persons: Bluesky, Elon Musk's, Jonathan Bellack, Mark Cuban, he'd, That's, Stephen Lind, Lind, We've, Jack Dorsey, Twitter, Dorsey, David Carr Organizations: Social, Business, Applied Social Media, Cuban, Meta, USC Marshall School of Business, Bluesky, Twitter Locations: Similarweb
AdvertisementGoogle pays Apple at least $20 billion a year to make its search engine the default on iPhones. Those payments were at the heart of a federal antitrust case Google lost earlier this year. That's because a long-running deal between Apple and Google, where Google pays Apple at least $20 billion a year to make Google the default search engine on iPhones, is at the heart of the US government's antitrust case against Google. (Though, confusingly, an earlier Bloomberg report about the DOJ's plan focused on forcing Google to sell off its Chrome browser and never mentioned the Apple payments.) AdvertisementBut even if that happens, it doesn't mean Apple automatically loses all the money Google pays it every year.
Persons: it's, Judge Amit P, Mehta, Microsoft's Bing, they're, Trump, Tim Cook, Cook Organizations: Apple, Google, US Department of Justice, Street, Bloomberg, Trump, Big Tech Locations: China
DOJ to seek Chrome sale
  + stars: | 2024-11-19 | 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 EmailDOJ to seek Chrome saleCNBC's Deidre Bosa joins 'Money Movers' with the latest details on Google's antitrust scrutiny.
Persons: Bosa Organizations: DOJ
AdvertisementSpaceX is planning to launch Starship for the sixth time on Tuesday. Reports suggest that President-elect Trump may join Elon Musk for the launch. Elon Musk and Donald Trump have been inseparable since the election — and now Trump will reportedly attend the latest launch of Musk's giant Starship rocket. SpaceX is set to conduct the sixth test flight of Starship, the 165-foot spacecraft that Musk wants to use to take humanity to Mars, on Tuesday. Multiple reports on Monday suggested that Donald Trump is planning to attend the Starship launch — another indication of just how important a role Musk will likely play in the next administration.
Persons: Elon Musk, Donald Trump, Google's Sundar Pichai, Joe Rogan, Kid Rock, Chris Unger, Brendan Carr, Carr, Mars, CHANDAN KHANNA, Musk, Starship's Organizations: SpaceX, Trump, Elon, UFC, PAC, Department of Government, Federal Communications Commission, Getty, Federal Aviation Authority, Business Locations: SpaceX's Starbase, Texas, New York City
AdvertisementDonald Trump has selected several Big Tech critics for top roles in his second administration. A number of his picks have been harsh critics of the Big Tech industry. Tom Williams/CQ Roll CallTrump's pick for attorney general, former Florida Rep. Matt Gaetz, has for years criticized Big Tech companies. Anna MoneymakerVice President-elect JD Vance cut his teeth in venture capital, and has long been a proponent for breaking up Big Tech. AdvertisementVance said that his experience in Silicon Valley taught him to be weary of Big Tech.
Persons: Donald Trump, Matt Gaetz, JD Vance, Elon Musk, Brendan Carr, Trump's, Trump, Brendan Carr Trump, Tom Williams, Carr, Elon, Musk's, Matt Gaetz Trump, Gaetz, Lina Khan, Jonathan Kanter, Elon Musk Elon, Marc Piasecki, Musk, donald, Biden, Tim Cook, X, Anna Moneymaker, Vance, we're Organizations: Big Tech, Trump, GOP, Google, Apple, Microsoft, Federal Communications Commission, Inc, Getty, Heritage, FCC, TikTok, United, Florida Rep, Federal Trade, Elon, Government, of Government, SpaceX, OpenAI, Bloomberg News Locations: Starlink, Florida, Silicon Valley, Trump
AdvertisementTwinMind, founded by former Google X employees, builds an AI assistant to better understand you. A startup formed from a handful of former Googlers — specifically Google X, the skunkworks lab that explores sci-fi moonshot ideas — is coming out of stealth. Related storiesWolverine originsAt Google X, George was the first machine learning scientist on Wolverine, a hearing wearable project first reported on by Business Insider in 2021. AdvertisementWhen ChatGPT launched in late 2022, George was working at JPMorgan with TwinMind cofounder and CTO Sunny Tang, a Google X alum. AdvertisementHe said they figured it out and claims the TwinMind app can run for 12 hours in the background non-stop before running out the battery.
Persons: , Jarvis, Marvel's Tony Stark, it's, Daniel George, Dan Roth, Rocketship, Anand Rajaraman, Michael Liou, galore, George, you've, TwinMind, ChatGPT, Sunny Tang, Siri, they're Organizations: Google, Oracle, Business, JPMorgan, Android Locations: Robinhood
Verily has told employees it ultimately intends to become an independent company. Verily, Alphabet's life sciences subsidiary, has set a deadline of December 16 to sever multiple ties to Google, according to two people familiar with the matter and internal documents reviewed by Business Insider. Related Video How tech layoffs could affect the economyVerily, formerly known as Google Life Sciences, started life as a moonshot project inside Google X. "Verily is transitioning from Google's infrastructure to our own, as we continue to grow as an independent Alphabet company," said Verily spokesperson Steven Cooper. AdvertisementAn internal Verily FAQ for staff broached the subject of why the company didn't start Flywheel until after its products were more mature.
Persons: Verily, Steven Cooper, Larry Page, Sergey Brin, Waymo Organizations: Google, Staff, Business, Sciences, BI
Here are Monday's biggest calls on Wall Street: Oppenheimer reiterates Netflix as outperform Oppenheimer said the Jake Paul-Mike Tyson fight "demonstrates [the] ability for meaningful" live event viewership for Netflix. Goldman Sachs initiates Ingram Micro as buy Goldman said the IT solutions provider is well positioned. Goldman Sachs initiates Gatx as buy Goldman said it's bullish on the railcar company. Baird upgrades Roku to outperform from neutral Baird said in its upgrade of Roku that it sees an "attractive long-term opportunity." Needham upgrades Robin Hood to buy from hold Needham said the stock is a beneficiary of the Trump election.
Persons: Oppenheimer, Jake Paul, Mike Tyson, it's bullish, Goldman Sachs, Ingram, Goldman, Baird, Morgan Stanley, Raymond James, Wells, Needham, Biogen, it's, Robin Hood, Trump, Donald Trump's, Bernstein, Tesla Organizations: Netflix, Citi, Astera, Ingram, GATX Corporation, RBC, UBS, Franco, Wheaton Precious Metals, WPM, HSBC, Moderna, Air Products, Hewlett Packard Enterprise, Enterprise, Aetna, Bank of America, Nvidia, " Bank of America, DOJ, Google, BMO, SEC, EV Locations: Nevada, Asia
AdvertisementA federal judge ruled in August that Google violated antitrust law to keep a monopoly on search. DOJ officials reportedly plan to ask a judge to force Google to sell Chrome. Officials from the DOJ are reportedly planning to ask a judge to force Google to sell its Chrome browser. Business Insider previously reported Google's total search revenue was $279.8 billion in 2022. Representatives for the Department of Justice did not immediately respond to a request for comment from Business Insider.
Persons: Amit Mehta, Lee, Anne Mulholland, Peter Cohan Organizations: Google, Justice, DOJ, Chrome, Bloomberg, Prosecutors, Department of Justice, Business, Google Services, Babson College
Tesla shares jumped on Monday following a report that President-elect Donald Trump's transition team are planning to make a federal framework to regulate self-driving vehicles a top priority for the U.S. Transport Department. ET, Tesla stock was up 7.98% in U.S. premarket trading after the release of the Bloomberg News report, which cited unnamed sources familiar with the matter. CNBC could not independently verify the report and has requested comment from the Trump team and from the National Highway Traffic Safety Administration, a Transportation Department unit tasked to oversee self-driving technologies. Full Self-Driving, or FSD, is Tesla's premium driver assistance system, currently available in a "supervised" version for Tesla electric vehicles. Trump's transition team is reportedly looking for policy leaders for the Transportation Department to develop a federal regulatory framework for self-driving vehicles, according to Bloomberg.
Persons: Elon Musk, Donald Trump, Tesla, Donald Trump's, Musk, Vivek Ramaswamy, Google's, Emil Michael, Sam Graves of, Garret Graves Organizations: Republican, U.S . Transport Department, Bloomberg, CNBC, Trump, National, Traffic Safety Administration, Transportation Department, White, Government, FSD, Uber Locations: Butler , Pennsylvania, U.S, Texas, California, Sam Graves of Missouri, Garret Graves of Louisiana
His latest fascination is Google's Gemini Live, an AI voice assistant. Marc Benioff gave Google's AI voice assistant, Gemini Live, his stamp of approval. "Just downloaded Gemini Live, and I'm absolutely blown away," he wrote in an X post on Sunday. Google released a smartphone app for Gemini Live on Apple's App Store on Thursday, just a few months after the virtual assistant was made free for users. We already have that live," Benioff said.
Persons: Marc Benioff, Benioff, Sundar Pichai, Copilot, Insider's Ashley Stewart, OpenAI's ChatGPT, ChatGPT's, Axios, Jensen Huang, David Sacks Organizations: Gemini, Microsoft, Google, Apple, Apple Intelligence, Business, BI, Pacific, Nvidia Locations: Francisco
The generative AI boom has inspired bold AGI predictions ranging from this happening in 2025, 2026, or maybe 2027. AdvertisementThat's the main reason for huge gains in recent years in the performance of AI models. AdvertisementHorowitz noted several factors that are holding back AI model improvements, including a lack of new high-quality human data and problems sourcing the extra energy needed to power AI data centers. AGI questionsIf the main tried-and-true method for improving AI models is no longer working, we are unlikely to get AGI anytime soon. Altman's bold AGI predictions may also be an effective rallying cry for hard-working OpenAI employees.
Persons: Sam Altman, there's, that's, Oren Etzioni, Etzioni, Ilya Sutskever, Noam Brown, Google hasn't, Marc, Ben, Marc Andreessen, Ben Horowitz, Andreessen, Horowitz, we're, OpenAI, Altman, we've, AGI, Elon Musk, It's Organizations: YouTube, Allen Institute, Tech, Reuters, Orion, Bloomberg, Google, AGI, Microsoft, Intel, Computer, Artificial Intelligence Locations: Seattle
Elon MuskTesla Optimus robot prototypes walk onto a stage. Screengrab from We, Robot livestreamElon Musk has been working on the Optimus humanoid robot for years. At Tesla's Robotaxi event last month, the robots poured drinks and played rock-paper-scissors with guests (though they were remotely controlled by humans). Outside Tesla, Musk personally invested in Vicarious when it was an AI startup working on general intelligence for robots. Vicarious has since been acquired by Intrinsic, an AI robotics company at Google's parent company, Alphabet.
Persons: Elon, Robot livestream Elon Musk, Musk, Tesla
AdvertisementFormer Google CEO Eric Schmidt said companies need "divas" in order to build brilliant products. Schmidt gives the example of Steve Jobs as a difficult yet brilliant diva. Steve Jobs was a diva — and that's exactly what you want for a successful company, former Google CEO Eric Schmidt said. One such example of a famously tough genius was Apple cofounder Steve Jobs, who Schmidt said was "clearly" a diva. "They're not trying to do the right thing; they're trying to benefit themselves at the cost of others."
Persons: Eric Schmidt, Schmidt, Steve Jobs, , Jonathan Rosenberg, Jobs, Google execs, They're, Rosenberg Organizations: Google
Major tech companies have cracked down on fully remote work, including Amazon, Google, and Meta. Get into the office and soak up the knowledge within its walls, Google's former CEO says. Studies have also suggested that being fully remote decreases workers' productivity. Companies, including Amazon, JPMorgan, and Goldman Sachs, have ditched their remote work policies for full return-to-office mandates, with some even threatening to track performance or terminate those who don't comply. However, Google assured workers in October that it would not follow Amazon's expectations for staff to come into the office five days a week.
Persons: Eric Schmidt, Schmidt, , unravels ChatGPT, Goldman Sachs, Mark Zuckerberg, Sam Altman, Eric misspoke Organizations: Amazon, Google, Service, Technologies, Street, Stanford's Institute for Economic Policy Research, Companies, JPMorgan, Meta, Fortune, Stanford University
Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. Elon Musk's artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, according to CNBC's David Faber. The money will be used to acquire 100,000 Nvidia chips, per sources familiar with the situation. Musk's AI startup, which he announced in July 2023, seeks to "understand the true nature of the universe," according to its website. Last November, X.AI released a chatbot called Grok, which the company said was modeled after "The Hitchhiker's Guide to the Galaxy."
Persons: Elon Musk, Donald Trump, CNBC's David Faber, Faber, Tesla, X.AI, OpenAI, Musk, Sam Altman, Google's Bard, Claude chatbot, Trump, Biden's Organizations: Republicans, Hyatt, Elon, Memphis, Google's Locations: Washington , DC
The two internet search firms agreed a joint venture, called the European Search Perspective or EUSP, with ownership split 50-50 between both firms. Why build a European search index? Currently, alternative search engines like Ecosia, Qwant and DuckDuckGo don't develop their own back-end infrastructure. The new venture will see them build their own search index from scratch, however, amassing results from a mix of different search engines. Both companies will use the search index themselves but the tech will also be made available to other independent search engines and tech firms.
Persons: Nikolas Kokovlis, Portugal —, it's, Christian Kroll, DuckDuckGo, Bing, Olivier Abecassis, Abecassis, Kroll, Donald Trump, Ecosia's Kroll, ChatGPT Organizations: Nurphoto, Getty, Google, . Big Tech, Microsoft, CNBC, European Union, The, Markets, Big Tech, U.S Locations: LISBON, Portugal, France, Berlin, Paris, Qwant, United States, Russia, Europe, Ukraine
Since the invention of the internet in 1983, traditional domain names have been used across many websites. AccessibilityToday, there are millions of traditional domain names registered on the internet. Ultimately, as the accessibility of traditional domain names declines, personalized web addresses like .pro become a necessity. A .pro domain can set a business apart because it's personalized and more descriptive than a traditional domain. The .pro domain shows a degree of proficiency and seriousness of a company that a legacy domain would struggle to achieve.
Persons: Rachel Sterling, Sterling, it's, Cutout.pro, You've, SitePro Organizations: Identity, Sterling's, Architects, Google, Sterling
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