Core Viewpoint - The UK's Competition and Markets Authority (CMA) has activated new regulatory powers against Google, designating it with "strategic market status" for its search and search advertising services, which may lead to further regulatory actions [1][2][3]. Group 1: Regulatory Actions - The CMA has confirmed the designation of Google as having "strategic market status" for its general search and search advertising services, excluding Google's Geminis AI assistant from this designation [2]. - This designation comes as the CMA recognizes Google's dominant position, with over 90% of searches in the UK conducted on its platform [3]. Group 2: Economic Impact - Google claims that its search product contributes billions of pounds to the UK economy, emphasizing the importance of its services to the market [3]. Group 3: Industry Concerns - Google has expressed concerns that proposed regulatory interventions could inhibit innovation and growth in the UK, potentially delaying product launches during a critical period of AI-based innovation [4].