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06 Aug

Could Antitrust Ruling Against Google Bring Breakup of the Company?

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Alphabet Inc.’s Google lost the biggest antitrust challenge it has faced when a US judge found Aug. 5 that it illegally monopolized the search market. It was a major win for the US Justice Department and state attorneys general and could result in the breakup of the 25-year-old company. Judge Amit Mehta of the US District Court for the District of Columbia ruled that $26 billion in payments that Google made to other companies to make its search engine the default option on smartphones and web browsers effectively blocked any other competitor from succeeding in the market. Mehta’s ruling came…

06 Aug

Riverlane Locks Up $75M As Quantum Funding Continues Strong Year

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Startup Riverlane helped continue what has been a strong year for venture funding in the quantum computing industry. The U.K.-based firm — which specializes in quantum error correction technology — raised a $75 million Series C led by Planet First Partners. The round also includes participation from ETF Partners, EDBI, Cambridge Innovation Capital, Amadeus Capital Partners, the National Security Strategic Investment Fund and Altair The company’s tech helps quantum computers perform without succumbing to eventual errors. Such computers typically can only perform a few hundred quantum operations before failure. “Quantum error correction is the critical enabler for the industry’s next…

06 Aug

I was part of Russia’s prisoner swap with the US. Here’s how it feels to finally, suddenly be free.

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The following has been edited for length and clarity.On Thursday, an FSB officer told us we were going to be freed as part of a prisoner swap — the miracle we had been waiting and hoping for.At first I didn't believe it — for two and a half years, I'd been lied to every single day.I thought that I would be serving the rest of my sentence — seven years. Russian political prisoners don't have the privilege of early release.I didn't want to be fooled by my hope; the disappointment would be too hurtful.On the morning of the exchange, as…

06 Aug

Amazon’s India Country Chief Is Stepping Down in October

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Amazon.com Inc.’s India chief is leaving “to pursue an opportunity outside of the company,” the e-commerce giant said. Manish Tiwary will depart in October, a spokesperson said in an emailed statement that didn’t name a successor. Amit Agarwal, who led Amazon’s initial push into India and now runs the company’s emerging economies initiative, “will remain closely involved with the Amazon team,” the Seattle-based company said on Tuesday. Source link lol

06 Aug

Apple wants to rewire search with AI — and that may help cut the Google cord

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America's trustbusters just delivered a one-two punch in their big battle with Google after a long-awaited decision in a four-year case raised the stakes for another tech giant: Apple.On Monday, a federal judge in Washington dealt a blow to Google after ruling that multi-billion-dollar annual payments to make its search engine the default on third-party devices — Apple's devices being the most prominent — violated antitrust laws.Of course, this is bad news for Google, which, as my colleague Hugh Langley notes, could lose about $30 billion in search revenue if it eventually loses the privilege of being the premier search…

06 Aug

Instacart Pushes Overseas With Smart Cart Deal in Austria

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Instacart is making its first international push outside the US and Canada by testing its smart shopping carts in Europe, a move the company said will lay the foundation for growth beyond its core grocery delivery service.Instacart’s high-tech shopping carts, called Caper Carts, will be used in ALDI South Group’s grocery store in Sattledt, Austria, the companies said Tuesday in a statement. The carts — an effort Instacart began through a $350 million acquisition in 2021 — include self-checkout and are equipped with cameras and sensors to detect items. They have been deployed at metro and suburban branches of US…

06 Aug

Harris hands progressives a major victory by selecting Gov. Tim Walz as her VP

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Vice President Kamala Harris doesn't want to kill the vibe.Harris will announce on Tuesday that Minnesota Gov. Tim Walz will be her running mate. In making the selection, Harris has shown that, above all else, she does not want to take even the slightest risk of upsetting the optimism that has surrounded her since President Joe Biden made his shocking decision to drop out of the 2024 race.Harris could have potentially given herself a leg up in one of the seven swing states that decide the election. No state or potential running mate loomed larger than Pennsylvania and its governor,…

06 Aug

China Vanke Sales Slump Extends, Adding to Debt Woes

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China Vanke Co.’s sales slump extended in July, adding to liquidity pressure at the developer that’s become the latest focal point of the nation’s property crisis. Contracted sales for the month slumped 13% from a year earlier to 19.2 billion yuan ($2.7 billion), following a 29.3% slide in June, corporate filings show. The total was 24% lower on month. Source link lol

06 Aug

Cybersecurity Startup Abnormal Security Locks Up $250M At $5.1B Valuation

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Abnormal Security closed a $250 million Series D that now values the San Francisco-based cybersecurity startup at $5.1 billion. The new round was led by Wellington Management with participation from existing investors Greylock Partners, Menlo Ventures, Insight Partners and the Falcon Fund. The valuation is a more than 28% uptick from the $4 billion valuation Abnormal got when it raised a $210 million Series C led by Insight Partners back in May 2022. Founded in 2018, Abnormal looks to stop attacks and find compromised accounts across email and connected applications through leveraging machine learning and AI to understand human behavior.…

06 Aug

I attended 5 Olympic events as a regular fan. Here’s what surprised me the most.

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I've attended five events at the 2024 Summer Olympics, from qualifiers to medal rounds.I usually watch the Games on TV, so attending the events in person came with lots of surprises.I was shocked by how easy it was to attend the Olympics and how electric the crowds were. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of…