Alphabet Inc

Google’s top lobbyist Mark Isakowitz is departing the company, leaving the tech giant without one of its most prominent Republican executives shortly before Trump steps into office for a second time.

“The market’s current view on the impact of antitrust and a perception of Alphabet as an AI laggard is overly punitive,” says the same analyst who had called Alphabet “materially undervalued”.

Investors are overestimating how much of the DOJ proposal will feature in remedies imposed on Alphabet after the appeals court decision, “which will come in 2026 at the earliest”.

The case is one of several antitrust actions against big tech companies being pursued by the administration of President Joe Biden

A US court ruled in August that Google illegally monopolised the search market.

Google is set to demonstrate the product as soon as December with the release of its next flagship Gemini large language model.

The effort is the most significant move to rein in a major tech company over illegal monopolisation since Washington unsuccessfully sought to break up Microsoft Corp. two decades ago.

A company that achieves a monopoly by dint of offering better products or services has not broken any law.

Alphabet has been ramping up its investment in its cloud customer business, including offering more gen AI tools for clients.

The company started in 2018 as a project of Google parent Alphabet’s X lab and become a separate business in 2022.