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Indian-origin executives who are leading Google, Microsoft & other tech giants
A growing number of Indian-origin executives are now at the helm of major global technology companies, profoundly influencing the industry's direction. Leaders such as Sundar Pichai at Alphabet, Satya Nadella at Microsoft, and Nikesh Arora at Palo Alto Networks are shaping the digital landscape. Similarly, Steve Sanghi of Microchip and Arvind Krishna of IBM are making significant impacts in their respective fields.
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US said to consider a breakup of Google to address search monopoly
The Justice Department is weighing actions to address Google's antitrust violations after the company was found to have maintained an internet search monopoly. Potential remedies include breaking off parts of Google, like Chrome and Android, or sharing its data with rivals. A process for determining the fix is due by September 4.
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Antitrust case: US weighs breaking up 'monopolistic' Google
The move would be Washington's first push to dismantle a company for illegal monopolisation since unsuccessful efforts to break up Microsoft Corp two decades ago. Less severe options include forcing Google to share more data with competitors and measures to prevent it from gaining an unfair advantage in AI products, said the people, who asked not to be identified discussing private conversations.
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Will the US government break up Google? What could happen to Android OS, Chrome? Here's all you need to know
There are high chances that Alphabet Inc' prized possessions, Google, could end up being broken up, a move that is currently being contemplated by the Justice Department, around the recent federal antitrust case involving the company over the monopolization of the online search market.
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A judge has branded Google a monopolist, but AI may bring about quicker change in internet search
The rise of artificial intelligence may reshape the landscape more quickly and profoundly than any judge ever could. The way consumers navigate the internet is more likely to be affected by advances in AI products - such as OpenAI's ChatGPT and Google's own Gemini - before a nearly 4-year-old case brought by the U.S. Justice Department is finally resolved.
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Will Google's defeat in antitrust case bring major changes to Google Search? Here's all you need to know
Google is currently amid a massive controversy after losing out on a major antitrust case that can create issues for users around using Google Search. A federal judge has stated that Google illegally monopolized online search by paying tech companies in order to dominate the search market.
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How the Google antitrust ruling may influence tech competition
Google's loss could have major ripple effects for competition today. U.S. regulators have also accused Apple, Amazon and Meta of violating antitrust laws by advantaging their own products on the platforms they run and acquiring smaller rivals.
Google has an illegal monopoly on search, US judge finds
This move is also a green light to aggressive US antitrust enforcers prosecuting Big Tech, a sector that has been under fire from across the political spectrum. The ruling paves the way for a second trial to determine potential fixes, possibly including a breakup of Google parent Alphabet, which would change the landscape of the online advertising world that Google has dominated for years.
Asian stocks pressured after big tech disappoints: Markets wrap
Asian equities fall as tech giants post underwhelming earnings. Taipei stock market closes due to typhoon. Concerns over US election impact on market. Investors cautious amid economic troubles and geopolitical risks in China and Japan. Big Tech faces tough comparisons with previous stellar earnings cycles.
Google acquisition target Wiz another fruit of Israel's military intelligence
Google's parent Alphabet is in advanced talks to acquire Israeli cybertech firm Wiz, co-founded by Assaf Rappaport and Yinon Costica from Unit 8200, for $23 billion. Wiz, valued at $12 billion after $1 billion funding, demonstrates strong private investment in Israeli startups.
How Indian-American businessman duped Goldman Sachs of Rs 8,300 crore
Rishi Shah, co-founder of Outcome Health, has been sentenced to seven and a half years in prison for his role in a $1 billion fraud scheme involving high-profile investors like Goldman Sachs and Google's parent company, Alphabet. The scheme, which included inflating advertising inventory and deceiving investors and clients, was uncovered in 2017. Shah's extravagant lifestyle, funded by fraudulent activities, included private jets and yachts. His sentencing marks the conclusion of one of the largest corporate fraud cases in recent history, highlighting the consequences of deceptive business practices.
Amazon hits $2 trillion in valuation on AI fervor, rate cut bets
The stock climbed 3.4% to $192.70, pushing the e-commerce giant’s market value past $2 trillion. This elevation places it alongside technology giants like Microsoft Corp, Apple Inc, Nvidia Corp, and Alphabet in the elite $2 trillion club.
New York lawmakers pass measure to protect youths on social media
New York state lawmakers passed legislation to protect children online by restricting social media platforms from exposing 'addictive' content to users under 18 without parental consent.
Modi plans post-election reforms to rival Chinese manufacturing
Indian Prime Minister Narendra Modi is planning business-friendly measures if he secures a third term, aiming to boost domestic manufacturing by easing labor regulations, offering subsidies, and reducing import taxes. Modi's vision includes creating industrial zones to attract global firms, but challenges remain with restrictive labor laws, land acquisition, and high import tariffs. His reelection campaign emphasizes economic development and positioning India as a manufacturing hub.
Nvidia and five tech giants now command 30% of the S&P 500 Index
The S&P 500 Index is now dominated by the six major US companies, Microsoft Corp., Apple Inc., Nvidia Corp., Alphabet Inc., Inc., and Meta Platforms Inc., marking a notable shift in market dynamics.
Google to make Pixel in Tamil Nadu, confirms MK Stalin; drones coming up next?
Alphabet Inc., led by Sundar Pichai, will produce its flagship smartphones in Tamil Nadu, announced Chief Minister MK Stalin. Partnering with Foxconn, they plan to manufacture Pixel phones and potentially drones. This move aligns with Google's 2023 announcement to manufacture Pixel 8 smartphones in India, following Apple and Samsung's production shifts.
Google picks southern Indian state for smartphone production
Google is set to invest billions in Tamil Nadu, India to produce smartphones and drones. The move follows a trend of tech companies, like Apple, shifting production from China. The state aims to boost advanced manufacturing, with Google's decision contributing to its transformation. This shift benefits India's economy and aligns with Prime Minister Modi's incentives to attract electronics manufacturers.
Paytm employees warned of potential job losses after hit from RBI probe
Paytm, the Indian fintech pioneer, signalled job cuts and asset trimming after reporting its first sales decline on record due to a regulatory probe. The company's net losses surged to 5.5 billion rupees, with revenue dropping by 2.6%. Paytm aims to recover by streamlining operations and focusing on core businesses.
Google's India alphabet P for Pixel, D for Dixon: Local contract manufacturer will make Google Pixel 8 smartphones
Dixon Technologies to manufacture Google Pixel 8 smartphones in India to compete with Apple and Samsung in the Rs 50,000-plus price range. Google aims to increase its market share in India despite import duties, considering Foxconn as a potential manufacturing partner.
From Tokyo to New York, stock markets are on a record-hitting spree around the world
Equity markets worldwide are experiencing highs. In the US, the S&P 500 and Nasdaq 100 indexes hit records this week, while the Dow Jones Industrial Average crossed 40,000 for the first time ever. Meanwhile, the biggest bourses in Europe, Canada, Brazil, India, Japan and Australia are currently at or near their peaks.
AI-led tech craze leaves mega Indian software stocks in the dust
Unlike counterparts in the developed world and China, Indian software makers including leader Tata Consultancy Services have yet to make significant advances in generative AI. That combined with a still cloudy outlook for client spending may soon leave them looking like the tech bets of yesterday.
Google I/O 2024: From Gemini 1.5 Pro, Project Astra to Trillium, ET brings you the low down
Gemini 1.5 Pro, with a one million token long context window, is now available with Gemini Advanced in 35 languages, the company announced at Google I/O, its annual developer conference on Tuesday.
Apple will revamp Siri to catch up to its chatbot competitors
Introduced in 2011 as the original virtual assistant in every iPhone, Siri had been limited for years to individual requests and had never been able to follow a conversation. It often misunderstood questions.
iOS 18: Your iPhone may soon have ChatGPT
Apple is nearing a partnership with OpenAI to integrate the startup’s technology into the iPhone, part of a broader effort to boost its devices with AI capabilities. Talks are progressing regarding incorporating ChatGPT into iOS 18, Bloomberg sources revealed.
Jeff Bezos, Mark Zuckerberg lead the way in big tech insider stock sales
Almost a dozen executives and directors at the firms recently boosted their share sales, earning more than $160 million since late 2023 after not cutting their stakes in as long as nine years, according to data compiled by Bloomberg.
OpenAI working on search product to rival Google and Perplexity
The feature would allow users to ask ChatGPT a question and receive answers that use details from the web with citations to sources such as Wikipedia entries and blog posts, according to the person, who asked to remain anonymous discussing private information. One version of the product also uses images alongside written responses to questions, when they're relevant. If a user asked ChatGPT how to change a doorknob, for instance, the results might include a diagram to illustrate the task, the person said.
OpenAI begins India hiring in bid to shape regulation early
OpenAI's Pragya Misra will lead Indian government relations amidst Google competition. Altman advocates AI integration in services, emphasizing the need for regulations to prevent harm from advancing technology.
Malaysia central bank says Google misquoted exchange rate a second time
The ringgit, which declined to a 26-year low last month, has weakened about 2.44% this year. Bank Negara Malaysia (BNM) has said the currency is undervalued and does not reflect Malaysia's positive economic fundamentals.
Google could enforce action against 10 developers in India for not paying service fee
Google said that it has over 200,000 Indian developers using Google Play who adhere to their policies and that 10 companies have chosen not to pay for the services.
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