U.S. Assistant Attorney General Jonathan Kanter speaks about the antitrust lawsuit against Live Nation Entertainment during a press conference as Attorney General Merrick Garland and Deputy Attorney General Lisa O. Monaco look on during a press conference at the Department of Justice in Washington, U.S., May 23, 2024. REUTERS/Ken CedenoThe Department of Justice is calling for Google to divest its Chrome browser, following a ruling in August that the company holds a monopoly in the search market.Chrome, whic ...

Advertisement Judge Amit Mehta found in August that Google holds an illegal monopoly in its search business.On Wednesday, DOJ officials in the antitrust division filed their proposal for remedies in the case.The DOJ wants Judge Mehta to force Google to sell its Chrome browser.Officials from the Department of Justice, in a Wednesday filing, urged District Judge Amit Mehta to force Google to sell its Chrome browser.The recommendations are the finalized proposal by the DOJ's antitrust division for remedies in ...

Maxwell Zeff is a senior reporter at TechCrunch specializing in AI and emerging technologies. Previously with Gizmodo, Bloomberg, and MSNBC, Zeff has covered the rise of AI and the Silicon Valley Bank crisis. He is based in San Francisco. When not reporting, he can be found hiking, biking, and exploring the Bay Area’s food scene. ...

The U.S. Department of Justice reportedly plans to ask a judge to order Google to divest one or more core products as a way to reduce the company’s dominance in the search market.Google’s Chrome browser and Android mobile operating system could be among those core products, the Financial Times (FT) reported Wednesday (Nov. 20), citing unnamed sources.Reached by PYMNTS, the DOJ declined to comment on the report.A Google spokesperson directed the FT to a blog post from October in which the company said the “b ...

The buzz about artificial intelligence (AI) on Wall Street and Main Street continues to grow. The incredible rise of Nvidia, whose revenue has catapulted from $17 billion in 2021 to $96 billion over the past 12 months, helped push the major stock market indexes to record highs.NVDA Revenue (TTM) data by YCharts Meanwhile, OpenAI's release of ChatGPT spurred a race by big tech companies to create increasingly sophisticated generative AI technology. According to estimates by the firm Next Move Strategy Consul ...

Privacy-focused search engine DuckDuckGo has urged the European Union to widen its Digital Markets Act (DMA) investigation into Google, claiming the search giant is in breach of several areas where the bloc has yet to formally probe the company’s compliance.The EU’s flagship market contestability rulebook has been in force on a handful of tech giants since March, including Google. Fines for failing to abide by DMA rules that mandate things like platform access on FRAND (fair, reasonable, and non-discriminat ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: CC0 Public Domain Alphabet Inc.'s Chrome browser could go for as much as $20 billion if a judge agrees to a Justice Department proposal to sell the business, in what would be a historic crackdown on one of the world's biggest tech companies. The department will ask the judge, who ruled in August that Google illegally m ...

Fabien Pinckaers, CEO of Belgian-based enterprise software startup Odoo.OdooOdoo, a startup taking on SAP in the realm of enterprise software, boosted its valuation to 5 billion euros ($5.3 billion) in a secondary share round led by Alphabet's venture fund and Sequoia Capital.The Belgium-based company develops open-source enterprise resource planning software, with over 80 applications available on its platform offering businesses tools for accounting, customer relationship management, human resources and e ...

Michael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary.Michael takes a macro-value-oriented approach to investment analysis and prides himself in being able to make investment recommendations based on cross-industry analysis.Analyst ...

Google’s Chrome browser would be worth $20 billion on the open market if the Justice Department succeeds in convincing a federal judge to order divestment, according to a report.The DOJ will recommend in a Wednesday filing that US District Judge Amit Mehta order Chrome to be sold as part of a suite of changes aimed at ending Google’s monopoly power, Bloomberg reported, citing sources familiar with the matter.If Chrome does hit the market, the browser would be worth “at least $15-20 billion, given it has ove ...