"On Tuesday, federal judge Amit P. Mehta of the U.S. District Court for the District of Columbia ruled that Google could get to keep its Chrome browser, despite a previous ruling also by Mehta declaring that the tech giant's search business was a monopoly. In response, Google stock had its largest upside non-earnings-related overnight gap up since it was added to the S&P 500 in 2008, according to Bespoke Investment Group."
"How is this a win for Google? The major reason behind this decision that's being largely considered a win for Google was supposedly the advent of AI. The emergence of GenAI changed the course of this case, Judge Mehta said in the ruling. For the first time in over a decade, there is a genuine prospect that a product could emerge that will present a meaningful challenge to Google's market dominance, the court ruled."
A federal judge ruled that Google can retain its Chrome browser while imposing remedies that require Google to share search index and user data with competitors and limit some exclusive contracts. The judge previously found Google holds a monopoly in online search and search-tied advertising. The court emphasized that generative AI creates a genuine prospect that new products could meaningfully challenge Google's search dominance, so market forces may determine future outcomes. Google stock jumped sharply after the remedies decision. Testimony from executives at Google and Apple outlined industry thinking and possible paths for competition in search over coming years.
Read at gizmodo.com
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