Google

“Google is once, twice, three times a monopolist,” Justice Department lawyer Aaron Teitelbaum said.

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”.

Google pledged to invest US$2 billion ($2.69 billion) in Anthropic last year. As part of the deal, Google gained non-voting shares and certain consultation rights on significant business issues.

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 shares fell as much as 1.8% to $172.16 in late trading. They had been up 25% this year through the close.

The e-Conomy SEA report 2024 reveals that Southeast Asia's digital economy can achieve profitability and growth in tandem, marking a significant step towards achieving sustainable economic value.

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.

Amanda Peterson Corio, global head of data centre energy at Alphabet’s Google, didn’t rule out the possibility of using nuclear energy in countries like Japan.