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Verdict Expected Soon in Klarna's $8.3 Billion Antitrust Lawsuit Against Google
Businesswire· 2026-02-24 18:09
STOCKHOLM--(BUSINESS WIRE)--Klarna Group plc (NYSE: KLAR) announces that the Patent and Market Court of Sweden (Patent- och marknadsdomstolen) is expected to deliver its verdict on April 15, 2026 in the antitrust damages proceedings brought by Klarna's subsidiary PriceRunner International AB against Google LLC and Google Ireland Limited. The trial, which ran from October 20 to December 19, 2025, concerned PriceRunner's claim for approximately $8.3 billion in damages — the largest civil damages. ...
Big Tech’s Boldest Bet Yet: Monetizing AI Search Like Never Before
Medium· 2025-11-11 06:02
Core Insights - Major tech companies, including Google, Microsoft, and OpenAI, are transforming the search experience by integrating AI, which could lead to significant changes in how information is discovered and monetized online [2][4]. Group 1: The Changing Landscape of Search - The traditional search model involved users typing queries and receiving a list of links, with revenue primarily generated from advertisers bidding on keywords [5]. - The emergence of AI-powered search is shifting this model, as companies are now focusing on turning user queries into potential ad revenue [2][4]. Group 2: Implications of AI Monetization - The integration of generative AI in search engines is not just about providing answers but also about creating new revenue streams through enhanced user engagement and targeted advertising [2][4].
TeraWulf Inc. Announces Pricing of $3.2 Billion of Senior Secured Notes
Globenewswire· 2025-10-16 20:05
Core Viewpoint - TeraWulf Inc. has announced a $3.2 billion offering of senior secured notes to finance the expansion of its data center at the Lake Mariner campus in New York, with the offering expected to close on October 23, 2025, subject to market conditions [1][2]. Group 1: Offering Details - The offering consists of 7.750% senior secured notes due in 2030, priced at par, and will be sold privately to qualified institutional buyers under Rule 144A of the Securities Act [1][5]. - The notes will be fully guaranteed by WULF Compute's subsidiaries and secured by first-priority liens on substantially all assets of WULF Compute and the Guarantors [3][4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to finance a portion of the data center expansion at the Lake Mariner campus [2]. Group 3: Guarantees and Conditions - TeraWulf will provide customary completion guarantees to ensure the timely completion of the data center buildings involved in the expansion [4]. - The offering is subject to market and other conditions, with no assurance on the completion timeline or terms [4].
Garmin smartwatches add turn-by-turn directions with Google Maps
Prnewswire· 2025-07-08 11:01
Core Points - Garmin has launched the Google Maps app in the Connect IQ Store, offering free turn-by-turn directions on compatible smartwatches [1][5] - The app enhances user experience by providing notifications for upcoming turns, allowing users to keep their phones in their pockets while navigating [3][4] - Users can track their fitness activities while using the app, syncing data with other health and fitness applications [4] Product Features - The Google Maps app provides on-the-go directions with gentle vibrations on the smartwatch, improving safety for pedestrians [3] - Users can view the next three turns by tapping into the app, enhancing situational awareness [3] - The app is compatible with various Garmin smartwatch models, including Venu, Forerunner, vívoactive, and fenix [1] Market Context - The Connect IQ Store serves as a comprehensive platform for Garmin users to personalize their devices with thousands of available apps and services [6] - The integration of Google Maps into Garmin's ecosystem reflects a growing trend of combining fitness tracking with navigation technology [1][6]
VoIP-Pal Files Fourth Federal Lawsuit in Series of Related Class and Antitrust Actions Targeting Monopolization and Exclusion of Standalone Wi-Fi Calling
Globenewswire· 2025-06-30 12:59
Core Viewpoint - VoIP-Pal.com Inc. has initiated a fourth federal lawsuit against major tech companies, alleging antitrust violations related to mobile operating systems and Wi-Fi calling services [1][2]. Legal Actions - The new lawsuit, Case No. 1:25-cv-01970, is a nationwide consumer class action against Apple Inc., Google LLC, and Samsung Electronics Co., Ltd. [1] - The complaint claims that the defendants have used their control over mobile operating systems to exclude standalone Wi-Fi Calling, thereby forcing consumers into bundled voice plans and suppressing competition [2]. - VoIP-Pal is seeking structural relief, treble damages, and market correction under the Sherman Act, Clayton Act, and RICO [2]. Company Overview - VoIP-Pal.com Inc. is a publicly traded corporation headquartered in Waco, Texas, and it owns a portfolio of patents related to Voice-over-Internet Protocol (VoIP) technology [4]. - The company is actively seeking to monetize its patent portfolio [4]. Market Vision - In a recent interview, CEO Emil Malak discussed the company's litigation strategy and market vision, emphasizing the broader implications of its antitrust actions [3]. - The full Q&A is available for public access, providing insights into the company's future direction and legal approach [3].
Google Announces Agreement to Acquire Wiz
Prnewswire· 2025-03-18 12:30
Core Viewpoint - Google LLC has signed a definitive agreement to acquire Wiz, Inc. for $32 billion in an all-cash transaction, which will enhance Google Cloud's capabilities in cloud security and multicloud solutions [1][2]. Company Overview - Wiz, Inc. is a leading cloud security platform that provides an easy-to-use security solution for organizations of all sizes, helping to prevent cybersecurity incidents across major cloud environments [4][10]. - Google Cloud is recognized for its leadership in cloud infrastructure and AI expertise, aiming to integrate Wiz's innovative solutions to enhance security offerings [5][12]. Industry Trends - The acquisition reflects a strategic investment by Google Cloud to address the growing demand for improved cloud security and multicloud capabilities in the AI era [2][3]. - Cybersecurity and cloud computing are rapidly expanding industries, with AI playing a significant role in transforming the security landscape and increasing the importance of cybersecurity [3]. Strategic Benefits - The combination of Google Cloud and Wiz is expected to improve cloud security, provide greater choice for customers, and enhance the scalability of security solutions across all major cloud platforms [5][9]. - Wiz's products will remain available across various cloud platforms, including Amazon Web Services, Microsoft Azure, and Oracle Cloud, ensuring continued support for customers [5][10]. Leadership Insights - Sundar Pichai, CEO of Google, emphasized the need for stronger security solutions in the cloud and the potential of the acquisition to enhance cloud security and multicloud capabilities [8]. - Thomas Kurian, CEO of Google Cloud, highlighted the shared vision between Google Cloud and Wiz to simplify cybersecurity for organizations of all sizes [9].