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Google's latest quarterly report provided further evidence that its internet empire is withstanding an artificial intelligence shakeup that's turning into another potential boon for the company. The numbers released on Wednesday marked Google's third consecutive quarter of digital ad growth of more than 10 per cent from the previous year, while also posting more than 30 per cent sales growth in its division that powers data centres for AI services. Those increases during the October-December period propelled Google's corporate parent Alphabet Inc well past the earnings forecasts of stock market analysts. Alphabet's fourth-quarter profit rose 30 per cent from the prior year to USD 34.5 billion, or USD 2.82 per share, while revenue climbed 18 per cent to USD 113.8 billion. The collective momentum of Google's main business in search and advertising and the still-nascent AI field indicates a company born during the late 1990s internet boom is becoming even stronger during another ...
Google has agreed to pay a 55 million Australian dollar ($36 million) fine for signing anticompetitive deals with Australia's two largest telcos that banned the installation of competing search engines on some smartphones, the US tech giant and Australia's competition watchdog said. The Australian Competition and Consumer Commission said in a statement it had commenced proceedings in the Australian Federal Court on Monday against the Singapore-based Google Asia Pacific division. The court will decide whether the AU$50 million ($36 million) penalty is appropriate. Under the anticompetitive agreements, which were in place for 15 months until March 2021, Telstra and Optus only pre-installed Google Search on Android phones sold to customers. Other search engines were excluded. In return, the telcos received a share of the advertisement revenue Google generated from those customers. Google accepted that the agreements were likely to have the effect of substantially lessening competition,
A federal judge on Friday delayed an order requiring Google to open up its Android app store to more competition until an appeals court decides whether to block the shake-up because of legal questions surrounding a jury's verdict that branded Google as an illegal monopolist. The delay granted during a court hearing in San Francisco comes less than two weeks after US District Judge James Donato issued a decision that would have forced Google to make sweeping changes to its Play Store for Android smartphones starting November 1. The mandated changes included a provision that would have required Google to make its library of more than 2 million Android apps available to any rivals that wanted access to the inventory and also distribute the alternative options in its own Play Store. Google requested Donato's order be stayed until the Ninth Circuit Court of Appeals could examine the handling of a month-long trial that led to the December 2023 verdict, which framed the Play Store as an ..