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Google has promised to appeal; the company didn’t immediately respond to a request for comment on Wednesday’s filing. “Google is a monopolist, and it has acted as one to maintain its monopoly,” Mehta wrote in his opinion. The Microsoft case has been credited with paving the way for Mozilla’s Firefox and Google’s Chrome browsers, which ultimately allowed Google to promote its search engine to billions of internet users. The Microsoft parallels in the Google case are clear, Mehta wrote in his August opinion. Even as Google fights the Justice Department on remedies in the search case, the company is embroiled in another antitrust battle just across the Potomac River in Alexandria, Virginia.
Persons: didn’t, Amit Mehta, Mehta, Satya Nadella, Bing, OpenAI, Trump, Joe Biden, – Mehta, Sherman, ” Mehta, , Organizations: CNN, Google, Justice Department, Apple, Samsung, DOJ, Microsoft, Verizon, Court, District, Columbia, Chrome, Windows, Netscape, Department Locations: California, Alexandria , Virginia
He sends me TikToks, and we watch them together, which helps us stay connected. TikTok and Instagram have allowed me to continue communicating with my kid even when the sound of my voice is annoying. Related storiesWe watch videos togetherI have shared custody, so I see him every other week. He sometimes sends videos from school or at night after I've gone to bed so we have daily content to watch. I send him funny videos of parents teaching their kids to drive, and he sends them back to me.
Persons: I've, toddled, doesn't, that's, what's Organizations: Pong, Netscape, Harvard Locations: snuggles
Big Tech's phony Trumpism
  + stars: | 2024-07-22 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +9 min
Before Andreessen and Horowitz formed their venture-capital firm in 2009, Andreessen was an incisive observer of Silicon Valley. Big Andreesen (meaning the current bloated billionaire model) also contradicts Little Andreessen (the earlier, leaner blogger) on the issue of regulation. The reason, he now claims, is that government used to leave Silicon Valley alone. He and his fellow Silicon Valley investor-class billionaires have been sliding rightward for years. It's that I didn't see that this is where Silicon Valley was always headed.
Persons: Marc Andreessen, Donald Trump, That's, Andreessen, Bill Clinton, Hillary, Ben Horowitz, Elon Musk, Larry Ellison —, Trump, , I've, Horowitz, It's, America's, Biden, Barack Obama, Joe Biden, they're, Dave Karpf, Hillary Clinton, we've Organizations: Democratic, Little Tech, Tech, Government, America, Justice Department, Microsoft, Trump, Little, Bloomberg Technology Conference, Netscape Locations: Silicon Valley, Silicon
He's currently CEO of Zscaler, the cloud security company he founded in 2007, which is valued at $28.56 billion as of Monday morning. "I think it's to make a difference in the world," Chaudhry tells CNBC Make It. Growing up in a farming village in rural India, Chaudhry says he "never had money in my early childhood." In his youth, his idea of success never even hinted at the prospect of launching a business, much less one worth tens of billions of dollars. He had a good job with financial security, yet he couldn't help but think: "There may be an opportunity to make a big difference'" if more companies got on the internet, he says.
Persons: Jay Chaudhry, Chaudhry, Jyoti, Zscaler Organizations: He's, Zscaler, CNBC, University of Cincinnati, IBM, Unisys, Netscape, Forbes Locations: India
Not really," Chaudhry, the billionaire founder and CEO of cloud security company Zscaler, tells CNBC Make It. Together, they plunged their life savings — roughly $500,000 — into SecureIT, a cybersecurity software startup they co-founded in 1997. His timing was perfect: In 1998, Chaudhry sold SecureIT to VeriSign in an all-stock deal worth nearly $70 million. I said, "If [Netscape co-founder] Marc Andreessen could start a company — he was a young guy [right] out of college — why shouldn't I start a company?" It took us a few years to really start getting traction in the market, and VCs can write you off and move on.
Persons: Jay Chaudhry, he'd, Chaudhry, Jyoti, SecureIT, Chaudhry —, , Marc Andreessen, Let's, we'd, Zscaler, you'll, VCs Organizations: IBM, Unisys, CNBC, Netscape, Atlanta, Software, BellSouth, Fortune, Forbes, IDC, Gartner, VCs Locations: India, SecureIT, Atlanta, Alpharetta , Georgia
The Federal Open Market Committee statement, in which the Fed announced that it left interest rates unchanged, was a modest disappointment for stock bulls. On rate cuts, the majority supported only one rate cut, not two, and four were in favor of no rate cuts. It's a disappointment because so much of an additional leg up in the market is centered around this "Fed pivot," where the Fed moves from keeping rates high to cutting rates. So investors did not get the two rate cuts they wanted. But when compared with the main drivers of this market, it's only a modest disappointment.
Persons: It's Organizations: Fed, Netscape
Hedge fund manager Dan Niles has named Nvidia , Meta , Microsoft and Amazon as his favorite stock picks thanks to their ability to boost earnings in 2024. "If you look at the last three years … the move in technology stocks had nothing to do with earnings," Niles told CNBC's Street Signs Asia last week. Specifically, he called out estimate increases at Nvidia, Meta, Microsoft, and Amazon thanks to their booming AI businesses. "Those names are being driven by earnings," Niles asserted. When will the AI bubble pop?
Persons: Dan Niles, Niles, Nvidia's, ChatGPT, it's Organizations: Nvidia, Meta, Microsoft, Big Tech, Federal Reserve, Apple, Google, Amazon, Netscape, Nasdaq
Read previewElon Musk and his fellow billionaire tech bros are brawling over their differing views on OpenAI, and the back-and-forth is getting ugly. On Thursday, Elon Musk sued OpenAI and its CEO, Sam Altman. "Vinod doesn't know what he is talking about here," Musk wrote in a reply on X. "Vinod is lobbying to ban open source," Andreessen wrote on X.AdvertisementVinod is lobbying to ban open source. Representatives for Musk, Khosla, and Andreessen did not immediately respond to a request for comment from Business Insider sent outside regular business hours.
Persons: , Elon Musk, OpenAI, Sam Altman, Altman, Musk, OpenAI didn't, Vinod Khosla, Khosla, Elon, Vinod doesn't, @OpenAI, Marc Andreessen, Vinod, Andreessen, D9ihtHEOiB, Marc Andreessen 🇺🇸 ( Organizations: Service, Microsoft, Business, xAI, Venture, Netscape Locations: OpenAI
Value-investing asset manager GMO last week published a study showing that the top ten S & P 500 stocks by size have handily beaten an equal-weighted pool of the other 490 for several years now. Neither is Microsoft, a useful indicator give that it was the largest stock by market cap both in December 1999 and today. Indeed, today the stock market has done well even as expectations for the speed and depth of rate cuts this year have diminished. (Industrials are leading, the equal-weight S & P is up 19% from October and there were 204 new 52-week highs on the NYSE Friday over 24 new lows.) The S & P 500 uptrend has for weeks targeted the 5050 area, as an immediate culmination point, and it's just about there.
Persons: Morgan, Marko Kolanovic, , Janus, Stocks, it's, Alan Greenspan, Greenspan, Jerome Powell, Ned Davis, Ed Clissold, Jurrien, Goldman Sachs Organizations: Nvidia, Cisco, Nasdaq, Cisco Systems, Microsoft, Fed, Netscape, Boston, NYSE Locations: Russia, It's, Orange County, Calif
Read preview"I think we're at the cusp of changing the world," investor Clark Golestani said of a technology called Zero Knowledge Proofs. Golestani spent 24 years as a chief information officer at pharma giant Merck, before becoming a venture investor five years ago. He's an investor and board member of a startup named Toposware that hopes to embed ZKP security into its customers' everyday internet usage. It's a tech that Andreessen Horowitz crypto investor Michael Blau recently compared to a magician's trick. Toposware is developing a cloud service, a so-called "settlement layer" where companies can add its ZKP service to their networks.
Persons: , Clark Golestani, Golestani, Theo Gauthier —, Taher Elgamal, Andreessen Horowitz, Michael Blau, Blau, Toposware, Gauthier Organizations: Service, pharma, Merck, Netscape Communications, Business, Stanford, CEA, French Atomic Energy Commission Locations: Toposware, Europe, United States
It takes a certain kind of person to write grandiose manifestoes for public consumption, unafflicted by self-doubt or denuded of self-interest. In this vision, wealthy technologists are not just leaders of their business but keepers of the social order, unencumbered by what Mr. Andreessen labels “enemies”: social responsibility, trust and safety, tech ethics, to name a few. But the real problem with Mr. Andreessen’s manifesto may be not that it’s too outlandish, but that it’s too on-the-nose. In the case of ordinary individuals, however, debt is regarded as not just a financial failure but a moral one. (If you are successful and have paid your student loans off, taking them out in the first place was a good decision.
Persons: Marc Andreessen, Andreessen Horowitz, Organizations: Netscape
It's an old Silicon Valley philosophy packaged anew: Growth without guardrails. Silicon Valley enters the age of e/accAndreessen and other prominent Silicon Valley figures such as Y Combinator president Garry Tan have quietly added the term e/acc to their social media profiles. In his manifesto, Andreessen calls it "techno-optimism." To some extent, it's a repackaging of what Silicon Valley has always peddled — let us build, grow, and make money without limitations. "Techno-optimists believe growth is progress," Andreessen argues, adding that growth is driven by the progress of technology without hindrance.
Persons: Marc Andreessen, , Andreessen, Andreessen Horowitz, Andy Warhol, Milton Friedman, Prometheus, Y, Garry Tan, pesky ethicists, Carl, Benedikt Frey, Frey Organizations: Service, Silicon, acc Andreessen, acc, Netscape, Oxford Internet Institute Locations: Silicon Valley, digressions, OpenAI
casey newton[CHUCKLES]:: And it would be so funny if the AI actually already was deceptive and was just like, oh, yeah, Kevin, you’ve already figured us out. But I also think it’s part of this sort of undercurrent of the conversation, especially around AI right now. Marc Andreessen — he is clearly so angry at all of the people who criticize technology, technology companies, tech investors. And he is just really, really going after that crowd with this piece. brent sealesYou know I don’t really know.
Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton, hasn’t, kevin roose I’m, I’m, KEVIN, casey newton Yes, Kevin Roose, ” casey newton, Casey Newton, Marc Andreessen, Casey, we’ve, kevin roose Totally, Claude chatbot, Claude, Anthropic’s, chatbot, Anthropic hadn’t, Anthropic, Kevin, — they’re, roose, Meta, it’s, I’ve, Bard, casey newton It’s, there’s, you’ve, casey newton Yeah, didn’t, Kevin — I’m, it’ll, Kevin —, Andreessen Horowitz, Uncle Marc, , “ you’re, Tucker Carlson, Jesus Christ, casey newton Well, kevin roose Oh, he’s, McCarthy, , Nick Land, casey newton Totally, You’re, Daron Acemoglu, Simon Johnson, It’s, Marc Andreessen —, they’re, Nietzschean supermen, Nietzschean, Marc, casey newton Heck, Andreessen, Marc Andreessen decries, Marc Andreessen’s, CASEY, kevin roose That’s, you’re, Nat Friedman, who’s, Daniel Gross, John, Patrick Collison, Toby Lutke, Shopify, Aaron Levie, Brent Seales, — casey newton, There’s, Luke Farritor, ” brent seales, brent seales, that’s, Seales, haters, brent seales That’s, you’ll, casey newton Yep, brent seales —, brent seales We’d, brent seales They’re, They’re, Luke, Brent, brent seales Pliny, Elder, Jesus, brent seales What’s, casey newton Right, we’re Organizations: YouTube, The New York Times, Facebook, Google, Intelligence, America, AIs, Stanford, Communist, Netscape, Fox News, Communist Party, Technology, Venture, Twitter, acc, kevin roose Venture, Companies, Meta, University of Kentucky, British Locations: , Anthropic, China, Florida, California, United States, Europe, Romanian, interpretability, Valley, America, Silicon, Silicon Valley, Vesuvius, Rome, Greece, Herculaneum, Venice, Roman
The Rise and Fall of SBF
  + stars: | 2023-10-02 | by ( Andy Kessler | ) www.wsj.com   time to read: 1 min
Journal Editorial Report: The week's best and worst from Kim Strassel, Bill McGurn and Dan Henninger. Images: AP/AFP/Getty Images Composite: Mark KellyI first got to know author Michael Lewis, then of “Liar’s Poker” fame, when in the mid-1990s I took him around Silicon Valley in an old beat-up convertible. I told stories and showed him where the first integrated circuit and microprocessor were invented, plus Xerox Parc and its beanbag chairs, Hewlett Packard and Intel. As we drove around, I shared my history with entrepreneur Jim Clark, his time at Silicon Graphics and early days with Netscape, and of the venture capitalist Glenn Mueller, who committed suicide after being denied access to invest.
Persons: Kim Strassel, Bill McGurn, Dan Henninger, Mark Kelly, Michael Lewis, , Hewlett, Jim Clark, Glenn Mueller Organizations: Getty, Xerox Parc, Hewlett Packard, Intel, Silicon Graphics, Netscape Locations: Silicon
The Google sign is reflected in a rain puddle outside their offices in Cambridge, Massachusetts, U.S., June 27, 2017. Acquire Licensing RightsWASHINGTON, Sept 13 (Reuters Breakingviews) - Want to know how to remove Google as the iPhone’s default search tool? According to him, the search engine operated by Alphabet (GOOGL.O) enlists Apple (AAPL.O) to answer the query by directing users to its website. Using Google as the default search engine wasn’t Apple’s “choice,” Dintzer said. Follow @BenWinck on XFollow @thereallsl on XCONTEXT NEWSThe U.S. Department of Justice’s antitrust case against Alphabet’s Google started on Sept. 12.
Persons: John Schmidtlein, Kenneth Dintzer, Google, ” Schmidtlein, Schmidtlein, ” Dintzer, It’s, Tim Cook, Alphabet’s Google, Ben Winck, Lauren Silva Laughlin, Jeffrey Goldfarb, Sharon Lam Organizations: Google, Rights, Reuters, Apple, U.S . Department of, Yahoo, Verizon Communications, Microsoft, Netscape, U.S, U.S . Department, Alphabet’s, Thomson Locations: Cambridge , Massachusetts, U.S, Safari, Japan, Washington, New York
WASHINGTON (AP) — Google will confront a threat to its dominant search engine beginning Tuesday when federal regulators launch an attempt to dismantle its internet empire in the biggest U.S. antitrust trial in a quarter century. If he decides Google broke the law, another trial will decide what steps should be taken to rein in the Mountain View, California-based company. Political Cartoons View All 1152 ImagesGoogle counters that it faces a wide range of competition despite commanding about 90% of the internet search market. One possibility is that the company could be forced to stop paying Apple and other companies to make Google the default search engine on smartphones and computers. Distracted, the software giant struggled to adapt to the impact of internet search and smartphones.
Persons: Judge Amit Mehta, Sundar Pichai, Larry Page, Eddy, Trump, Microsoft's Bing, Andy Bechtolsheim, Page, Sergey Brin, Justice Department's, litigator Kenneth Dintzer — Organizations: WASHINGTON, Google, Inc, Apple, Justice Department, Firefox, Regulators, Sun Microsystems, Microsoft, Netscape, Justice Locations: , California, Silicon
Also being called anticompetitive are Google’s contracts to ensure that Android devices come with Google apps and services — including Google search — preinstalled, the Justice Department claimed. For Google’s opening statement, attorney John Schmidtlein said that Apple’s decision to make Google the default search engine in its Safari browser demonstrates how Google’s search engine is the superior product consumers prefer. The Google case “could not be more different” from the historic Microsoft litigation at the turn of the millennium, Schmidtlein continued. Google has previously said that consumers choose Google’s search engine because it is the best and that they prefer it, not because of anticompetitive practices. Google’s search business provides more than half of the $283 billion in revenue and $76 billion in net income Google’s parent company, Alphabet, recorded in 2022.
Persons: Sundar Pichai, Google’s, Kenneth Dintzer, ” Dintzer, John Schmidtlein, Apple, , Schmidtlein, Bing, General Merrick Garland, Anna Moneymaker, ” Schmidtlein, , Kent Walker, Ken Buck, Trump, Global Affairs Kent Walker, Biden, Amit Mehta, Mehta Organizations: CNN, Google, Justice Department, Microsoft, Apple, Samsung, DOJ, Netscape, Gmail, U.S, The Justice Department, Global Affairs, Court, District of Columbia, Eastern, of Locations: United States, Washington, Apple . WASHINGTON, DC, Washington ,, California , New York , Colorado, Virginia, Colorado, of Virginia
Google has grabbed a 90% market share in search in the U.S. in recent years, according to government estimates. Rather, the makers of phones and web browsers set Google search as their default because they wanted to deliver the "highest quality" experience for their customers, Google claimed in its January filing. The Justice Department has the burden to show that Google's business deals harmed competition for search. The trial court in that case found Microsoft unlawfully tried to block rival browser Netscape Navigator. The Google trial at the U.S. District Court for the District of Columbia is expected to last about 10 weeks.
Persons: Alphabet's, Rather, Judge Amit Mehta, Barack Obama, Mehta, Peter Navarro, Donald Trump, Stewart Rhodes, Mike Scarcella, Amy Stevens, Diane Craft Organizations: Microsoft, U.S . Justice Department, Apple, Google, Mozilla, The, Department, GOOGLE, Justice, DOJ, Netscape, U.S, District of Columbia, WHO, U.S . Foods, U.S . Capitol, Thomson Locations: Washington, U.S
The pair discussed a wide range of topics including the rise of AI and the history of Silicon Valley. Andreessen gave a set of traits that he thinks the best founders in Silicon Valley share. Billionaire tech investor Marc Andreessen says the best startup founders in Silicon Valley share a few important traits. Overall, he said he believes the best founders are "some combination" of super-smart, super-energetic, and super-courageous. The best founders are capable of dealing with lots of rejection, he said.
Persons: Marc Andreessen, Lex Fridman, Andreessen, Fridman, Andreessen Horowitz Organizations: Billionaire, Netscape Locations: Silicon Valley, Silicon
Norwest has hired ex-Salesforce sales guru David Rudnitsky to be its third operating executive. The hire is part of the firm's recent expansion of its portfolio services team for its founders. Here's why more VC firms may be doubling down on these roles during the market downturn. "We try to be an invited guest in the companies," he said of his work with his first four Norwest portfolio companies. For Norwest, its portfolio services team was launched 13 years ago by partner Katie Belding, who has been at the firm for over two decades.
Persons: Norwest, David Rudnitsky, Rudnitsky, he's, Marc Benioff, I've, It's, Andreessen Horowitz, Kleiner Perkins, Katie Belding, Belding, Lisa Ames, Renée Cohen Organizations: Norwest Venture Partners, Oracle, Netscape, Salesforce
In a letter to the Federal Trade Commission on Wednesday, Google alleged Microsoft uses unfair licensing terms to "lock in clients" to exert control over the cloud-computing market. The letter was sent in response to a broad FTC request for comment on potential anti-competitive acts in the cloud industry. Google described Microsoft's licensing restrictions as a "complex web" that prevents businesses from diversifying their enterprise software vendors. Microsoft and Google both have active cybersecurity practices that respond to and research cyber threats. In its FTC letter, Microsoft also alleged Oracle's practices are harmful to customers.
Persons: Trump, Ken Paxton Organizations: Google, Microsoft, Federal Trade Commission, U.S . Department of Justice, Texas, Oracle, Netscape Locations: Europe, U.S
A.I. Is Having a ‘Netscape Moment’
  + stars: | 2023-05-19 | by ( Pui-Wing Tam | ) www.nytimes.com   time to read: 1 min
There are parallels between today’s fervor for A.I.-powered chatbots like ChatGPT and Bard and the excitement over the Netscape browser from the 1990s. Both allowed people to recognize the possibilities around an existing technology, leading to new innovation. The Netscape browser was one of the first tools that helped people easily surf the World Wide Web. While the internet had been around since the 1960s, in its early days it was used mostly by academics, and it was difficult for anyone else to gain access to it.
The Mosaic browserThe most popular early browser was released eight days before CERN unleashed the web's source code. The move enabled people for the first time to see text and photos side-by-side, and encouraged growth of the fledgling web. One of Mosaic’s developers was Marc Andreessen, who went on to co-found Netscape and Silicon Valley venture capital firm Andreessen Horowitz. National Center for Supercomputing Applications/University of Illinois Board of Trustees
Despite excitement around ChatGPT and GPT-4, there are concerns about AI tools taking jobs. "Artificial intelligence may have a role in displacing, or at least reducing, the need for less skilled workers," Lee said. Hope Bradford, senior director of digital transformation at Kelly, a staffing and workforce company, told Insider that AI tools help HR professionals screen candidates. Are white-collar workers' jobs at risk of being cut because of AI tools? While people have found success and the pros of AI tools, there's still uncertainty about their future and fears still loom.
The FTC has a $69 billion headache to deal with in 2023 in the form of Microsoft's Activision buyout. Chair Lina Khan wants to rein in Big Tech but will be tested by one a Silicon Valley veteran. The outcome of the deal will have ramifications beyond Microsoft: the rest of Silicon Valley lies in wait before making their next big moves, as any decision will set the tone for Big Tech deals in years to come. That said, Microsoft's acquisition of Activision will prove even tougher to tackle than anything Amazon has thrown up for the FTC chief to date. Failure will likely embolden Big Tech to test the waters further.
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