President-elect Donald Trump has announced key nominations that could significantly impact the regulation of cryptocurrency and Big Tech in the United States. Trump’s selection of Paul Atkins to lead the Securities and Exchange Commission (SEC) and Gail Slater to head the Justice Department’s antitrust division reflects his administration’s intention to reshape regulatory approaches in these […]
Continue Reading
Elon Musk, billionaire entrepreneur and co-founder of OpenAI, has expanded his lawsuit against the artificial intelligence powerhouse and its largest financial backer, Microsoft. Filed in federal court in Oakland, California, the amended complaint accuses the two entities of monopolistic practices aimed at dominating the market for generative AI, in addition to sidestepping competitors and regulatory […]
Continue Reading
The European Commission has imposed a record-breaking €797.72 million fine on Meta, the parent company of Facebook, for violating antitrust regulations by leveraging its dominant position in the social media market. This landmark decision marks the first instance of Meta being penalized under EU competition laws. The Basis of the Fine The fine stems from […]
Continue Reading
As Donald Trump anticipates a second term as U.S. president, experts suggest his administration could bring significant changes to current antitrust and regulatory policies, especially in sectors like Big Tech, mergers and acquisitions, and employment law. While Trump may continue to target Big Tech, his stance on antitrust could mark a departure from the approach […]
Continue Reading
The U.S. Department of Justice (DOJ) is contemplating a historic move to break up Google, marking a critical step in the government’s ongoing antitrust case against the tech giant. This possibility comes after U.S. District Judge Amit Mehta ruled in August that Google has been operating an illegal monopoly through its search engine, stifling competition […]
Continue Reading
The UK’s Competition and Markets Authority (CMA) has completed its investigation into Microsoft’s acquisition of assets from Inflection AI, Inc. The CMA determined that while this deal falls under its merger control jurisdiction, it does not pose a significant threat to competition in the UK market. The main concern was whether this acquisition might reduce […]
Continue Reading
Alphabet Inc.’s Google is set to face a significant antitrust trial next week, where the U.S. Department of Justice (DOJ) will challenge the tech giant’s control over the digital advertising market. This trial marks the second major antitrust case against Google, following a recent legal victory for the DOJ, where a judge ruled that the […]
Continue Reading
Nvidia, the leading force in artificial intelligence (AI) hardware, witnessed an extraordinary decline in its market value, losing nearly $300 billion in a single day. This marks the largest one-day drop in the company’s history, spurred by a broader sell-off in AI stocks and an escalating antitrust investigation by the U.S. Department of Justice (DOJ). […]
Continue Reading
Margrethe Vestager, the European Union’s formidable competition commissioner, is set to step down later this year, marking the end of a decade-long tenure that has seen her become a key figure in the regulation of global tech giants. Known for her rigorous enforcement of antitrust laws, Vestager’s departure signals a significant shift in the EU’s […]
Continue Reading
In a significant move that could reshape the technology landscape, the U.S. Department of Justice (DoJ) is reportedly considering breaking up Alphabet’s Google after a federal judge ruled that the tech giant had illegally monopolized the online search market. According to reports from the New York Times and Bloomberg News, among the potential remedies being […]
Continue Reading