Google loses court battle over first EU antitrust fine – POLITICO

Google loses court battle over first EU antitrust fine – POLITICO

Google was fined in 2017 for how it favored its own shopping search results over rival services. The fine was the first for the company in a slew of EU antitrust investigations, including a probe into advertising technology where the European Commission is weighing a break-up of the company’s businesses. Google is still fighting two … Read more

Baidu posts flat second-quarter revenue as sluggish economy slowed advertising spending

Baidu posts flat second-quarter revenue as sluggish economy slowed advertising spending

Baidu’s Hong Kong-listed shares closed up 1.71 per cent to HK$86.45 on Thursday. A robotaxi, developed as part of Baidu’s Apollo Go autonomous driving project, seen on the road in Wuhan, capital of central Hubei province. Photo: AFP Although overall revenue edged down, Baidu said in a statement on Thursday that its non-marketing operations grew … Read more

EU probes Apple, Google and Meta over digital rules compliance – POLITICO

EU probes Apple, Google and Meta over digital rules compliance – POLITICO

Apple will be investigated over its measures to allow users to do more to tailor their devices by uninstalling software, changing Apple’s default setting or using choice screens to prompt users to pick a browser or search engine for their phone. “Apple’s measures, including the design of the web browser choice screen, may be preventing … Read more

Baidu’s move to cancel YY Live acquisition amid fierce market competition, tougher regulation a boon to firm’s AI business expansion, analysts say

Baidu’s move to cancel YY Live acquisition amid fierce market competition, tougher regulation a boon to firm’s AI business expansion, analysts say

This move was “not totally unexpected, given investors have been waiting for more details in past years”, Jefferies equity analysts Thomas Chong and Zoey Zong said in a research note on Monday, following Baidu’s announcement. They indicated that China’s internet sector “has been undergoing changes”, which reflects Baidu’s focus on generative AI. “For Baidu, Ernie … Read more