"In a landmark move, the Competition and Markets Authority (CMA) has officially designated Google with strategic market status (SMS) in the realms of general search and search advertising. This designation, confirmed after meeting the necessary legal thresholds, empowers the CMA to pursue targeted interventions aimed at fostering fair competition and innovation across the UK's digital economy. The CMA's decision follows a months-long investigation launched in January, culminating in a public consultation in June."
"Over 80 stakeholders contributed feedback, and Google engaged constructively throughout the process. The CMA concluded that Google holds entrenched market power in its core search services, justifying the SMS designation. While Google's Gemini AI assistant remains outside the scope for now, other AI-driven features such as AI Overviews and AI Mode fall within the designation. The CMA also clarified the inclusion of Google's news and syndication products, signaling a broad regulatory perimeter."
The Competition and Markets Authority designated Google with strategic market status for general search and search advertising after a months-long investigation and public consultation. The designation covers AI-driven features such as AI Overviews and AI Mode and includes Google's news and syndication products, while excluding Gemini AI assistant for now. The SMS label does not imply misconduct or immediate obligations but enables future consultations on remedies to ensure competitive openness and fairness for users and businesses. India launched a pilot allowing consumers to shop and pay via AI chatbots by integrating ChatGPT with the UPI system, facilitated by NPCI and Razorpay. Reddit announced a major Madison Avenue hire.
Read at Exchangewire
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