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2 | These are the Daily Tech Headlines for Tuesday, August 6th, 2024. I'm Robb Dunewood. | |||||
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6 | The US Court for the District of Columbia has ruled that Google violated antitrust law, spending billions of dollars to create an illegal monopoly and become the world's default search engine. In his 286-page ruling, Judge Amit Mehta said that Alphabet’s $26 billion in payments to make Google the default search engine on smartphones and web browsers effectively blocked any other competitor from succeeding in the market. Google controls nearly 90% of the online search market and 95% on smartphones, but, the court did not rule that the company has a monopoly in search ads. A separate proceeding will determine consequences for Google, but, potential appeals and legal maneuvers could push a ruling into late next year or 2026. | https://www.reuters.com/legal/us-judge-rules-google-broke-antitrust-law-search-case-2024-08-05/ | ||||
7 | Depending on the remedy, now that Google has been found to be a monopoly, companies like Apple, Samsung, and Mozilla, could be the biggest losers. Some speculate that Apple receives as much as $20 billion from Google every year in exchange for putting the search engine front-and-center on its iPhones via the Apple Safari web browser. According to the Mozilla Foundation’s 2021-2022 financial statement, $510 million out of its $593 million in revenue came courtesy of Google’s search payments. We don’t know what the remedy will be, but, Evercore ISI research analyst Mark Mahoney said it could range from forbidding payment from Google altogether to a cap on the amount of distribution agreement fees to implementing a choice screen. | https://fortune.com/2024/08/05/mozilla-firefox-biggest-potential-loser-google-antitrust-search-ruling/ | ||||
8 | According to an email from X CEO Linda Yaccarino the social media platform formerly known as Twitter is planning to shutter the San Francisco office that served as the company's headquarters for more than a decade. In her letter, she stated that San Francisco-based staff would be relocated to existing office space in San Jose and Palo Alto over the next few weeks. The move comes as San Francisco is struggling to revive its downtown district and its commercial real estate market. And it marks a setback to the city’s efforts to turn the gritty mid-Market Street area into a thriving tech hub. | https://fortune.com/2024/08/05/x-closing-san-francisco-hq-relocating-staffers-san-jose-palo-alto-shared-space-with-x-ai-linda-yaccarino-leaked-email/ | ||||
9 | Manish Tiwary, Amazon’s head of India operations, is leaving the company as it grapples with mounting pressure from competitors in one of its crucial international markets. Amazon has shifted its focus to cloud business in India since Tiwary took over as country manager in late 2020. An Amazon spokesperson told TechCrunch that Tiwary “has decided to pursue an opportunity outside of the company,” “ Manish will continue with Amazon until October to help ensure a smooth transition”. | https://techcrunch.com/2024/08/06/amazons-india-chief-resigns-amid-intensifying-competition/ | ||||
10 | Digital Media and Internet company Ziff Davis is buying CNET from Red Ventures for $100 million according to The New York Times. CNET will be added to Ziff Davis’ other notable tech publications like Mashable, IGN, and Lifehacker. An official purchase price has not been announced, but, “more than $100 million for CNET” according to the Times’ sources is a fraction of the $1.8 billion it was valued at when CBS acquired the company in 2008. | https://www.theverge.com/2024/8/6/24214374/cnet-zeff-davis-acquisition-digital-media-100-million | ||||
11 | China-based tech firms including Huawei, Baidu, and other startups are stockpiling high bandwidth memory (HBM) semiconductors from Samsung Electronics in anticipation of U.S. curbs on exports of the chips to China, three sources told Reuters. The companies have ramped up their buying of artificial intelligence-capable semiconductors since early this year, helping China account for about 30% of Samsung's HBM chip revenue in the first half of 2024. As Reuters reported last week, U.S. authorities are planning to unveil an export control package this month that will impose new restrictions on shipments for China’s semiconductor industry. | https://www.reuters.com/technology/chinese-firms-stockpile-high-end-samsung-chips-they-await-new-us-curbs-say-2024-08-06/ | ||||
12 | tvOS 18 will soon allow Apple TV users to open web links via their iPhones. Apple TV currently does not have Safari or any web browser making it difficult for users to easily share content right from the Apple TV. With tvOS 18 Apple TV will redirect links via AirDrop to a users iPhone or iPad. Right now, it doesn’t look like Apple is using this web link feature in other parts of tvOS, but presumably, it will also allow users to share content they’re watching or listening to right from the tvOS app. | https://9to5mac.com/2024/08/05/tvos-18-apple-tv-web-links-iphone/ | ||||
13 | And finally, Google today released the Google TV Streamer, a $99 successor to the Chromecast with Google TV. The set-top box improves upon the Chromecast with substantially better performance, Thread and Matter integration, and useful new features like a remote finder. The Google TV Streamer is 22 percent faster than the Chromecast with Google TV, has double the RAM, and 32GB of integrated storage. It comes in white and grey and will be available starting September 24th. | https://www.theverge.com/2024/8/6/24214055/google-tv-streamer-features-price-matter-thread | ||||
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23 | For more discussion of the tech news of the day subscribe to DailyTechNewsShow.com, and if you enjoy the show, remember to tell a friend to check it out! | http://dailytechnewsshow.reddit.com | ||||
24 | Thanks for listening, we'll talk to you next time. | |||||
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28 | END OF SHOW |