June 5, 2024

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Alphabet Faces $17.4 Billion Lawsuit Over Alleged Advertising Market Abuses

Key Points: The UK's Competition Appeal Tribunal has certified a $17.4 billion lawsuit against Alphabet over alleged abuses in the online advertising market. The lawsuit, brought by Ad Tech Collective Action, represents UK publishers claiming financial losses due to Google's alleged anti-competitive behavior. Google attempted to block the case, arguing it was incoherent, and maintains that its impact on the ad tech industry has been pro-competitive. The lawsuit adds to ongoing regulatory probes into Google's ad tech practices by the...

Latest June 5, 2024

Elon Musk Diverts Tesla AI Chips to X, Causing Delays and Concerns Among Shareholders

Key Points: Elon Musk redirected a significant shipment of Nvidia AI chips from Tesla to his social media company, X. The diversion has delayed Tesla's receipt of over $500 million of GPUs, impacting its AI and robotics projects. Correspondence from Nvidia staff revealed inconsistencies between Musk's public statements and actual chip bookings. Musk claimed the chips would have remained unused...

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