Why The DOJ Is Trying To Curtail Google's AI Future [Forbes]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Forbes
Google CEO Sundar Pichai Getty Images Late on Wednesday, the U.S. Department of Justice filed sweeping proposals for remedies in Google's landmark antitrust case, where a federal judge ruled earlier this year that it has an illegal monopoly in the online search market. Among the marquee requests: Forcing Google to sell off its popular Chrome browser, banning multi-billion dollar distribution contracts like the one Google has with Apple, or potentially barring Google from requiring Android phone makers to include Google apps on their devices. But beyond those headline-grabbing demands, the government also included provisions that could hobble Google's future in the competitive race to control the future of AI. The DOJ proposed Google must sell any stakes in AI companies with technology that could compete in search, and divest within six months of a final judgment from the court. The agency also recommended barring any new acquisitions, joint ventures or partnerships with AI comp
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News
- Google stock hammered after DOJ calls for Chrome sale [Yahoo! Finance]Yahoo! Finance
- CNBC Daily Open: Expectations can be an irrational thing. Just look at Nvidia [CNBC]CNBC
- Google could be forced to sell Chrome. Here's what you need to know [Los Angeles Times (CA)]Los Angeles Times
- Google stock hammered after DOJ calls for Chrome sale [Fortune]Fortune
- Google's search business is all about distribution. The DOJ wants to take this away, and it's freaking investors out. [Business Insider]Business Insider
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- 11/20/24 - Form 144
- 11/20/24 - Form 144
- GOOG's page on the SEC website