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U.S. Looks to Break Google's Seach Dominance
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Good morning, CIOs. A yearslong effort to rein in Silicon Valley recorded a new milestone Monday when the Justice Department urged a federal judge to force Google to sell its Chrome browser, the Journal reports.
The legal troubles could hurt Google as it battles OpenAI, Microsoft and Meta to lead a new era of artificial intelligence (and AI-powered search). Google has increasingly woven AI into its search.
What's next? U.S. District Judge Amit Mehta, who ruled last year that the company has illegally maintained a monopoly in online search, will hear arguments and testimony over what remedy he should impose to restore competition.
The Justice Department brought the antitrust case in October 2020, with more than 30 state attorneys general, from both political parties, signing on. The plaintiffs allege that Google has used illegal agreements to sideline its rivals and harmed consumers and advertisers in the process.
And this isn't the government's only suit against Google. Last week, a different federal judge ruled that Google operated an illegal ad monopoly.
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Content from our sponsor: Deloitte
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Is Your Data Estate Ready for Generative AI at Scale?
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Using generative AI at scale calls for a data estate that’s clean, complete, and ready, including evolved technical capabilities, enhanced data management approaches, and expanded governance. Read More
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Where are the big deals they promised us? Dealmakers have yet to make complete sense of the Trump administration’s stance on antitrust regulation, the Journal reports.
In February, for the first time in 25 months, no deal valued over $10 billion was announced globally. Two sizable deals in the U.S. were announced in March: Google’s $32 billion deal for cybersecurity startup Wiz, and private-equity firm Sycamore’s takeover of Walgreens Boots Alliance.
April remains quiet, with deals in the U.S. down 1% by value and down 45% by number this month through Monday, compared with last year.
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🎧 AI and nuclear power and ‘Wizard of Oz,’ Oh my! The WSJ's Isabelle Bousquette got an exclusive peek at how Google used AI to re-imagine “The Wizard of Oz” for an immersive experience at the Las Vegas Sphere. Plus, nuclear power is being tapped to run AI data centers, but the WSJ's Belle Lin writes that AI could also help humans operate those same facilities.
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The Oscars weigh in on AI. The Academy of Motion Picture Arts and Sciences issued guidance on the use of AI in films, a heavily controversial issue in Hollywood. "The tools neither help nor harm the chances of achieving a nomination," the Academy said Monday, although it will gauge "the degree to which a human was at the heart of the creative authorship" when issuing awards.
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Cheating pays. A student suspended by Columbia University after helping develop a tool to cheat on job interviews announced $5.3 million in seed funding for his startup, Cluely, maker of an AI cheating tool, TechCrunch reports.
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Everything Else You Need to Know
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The Dow Jones Industrial Average shed almost 1,000 points on Monday and is headed for its worst April performance since 1932, according to Dow Jones Market Data. (WSJ)
Chevron, BP and other oil companies are offshoring more specialized white-collar positions and related work to lower-cost labor pools in countries such as India, while cutting thousands of jobs elsewhere. (WSJ)
Harvard University filed a federal lawsuit against the Trump administration Monday, arguing it has violated the university’s constitutional rights by freezing billions of dollars in federal funding and imperiling its academic independence. (WSJ)
The funeral of Pope Francis will take place on Saturday morning, the Vatican said, announcing an event that is expected to draw tens of thousands of Catholic faithful, as well as world leaders including President Trump. (WSJ)
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