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Wall Street Breakfast

DoJ targets Google’s AI edge in search

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 22 April 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

DoJ says Google must be prevented from using AI to boost online search supremacy.  (00:21) China's Nio delays Europe launch of Firefly EV citing challenges. (01:36) FDA suspends milk quality testing due to staffing reductions. (02:23)

Episode transcripts seekingalpha.com/wsb.

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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

0:08.0

Good morning. Today is Tuesday, April 22nd. I'm Julie Morgan. Google's antitrust fight. Neo pumps the brakes in Europe and the FDA pauses dairy tests.

0:21.1

The DOJ says strong safety measures have to be put in place for Google to prevent it from

0:26.5

using artificial intelligence to increase its dominance in web search.

0:30.9

The company is defending itself at a Washington court in a trial where the DOJ is trying to convince

0:36.5

a judge to compel the company to sell its

0:39.0

Chrome browser to restore online search competition. According to Reuters, the DOJ's attorney

0:45.0

said it's time to tell Google and all other monopolists who are out there listening and they are

0:50.5

listening that there are consequences when you break the antitrust laws.

0:55.1

An attorney representing Google told the judge that the DOJ's proposals were a wish list for competitors

1:01.2

looking to get the benefits of Google's extraordinary innovations.

1:05.5

A day before the trial began, Google said the DOJ's proposals to curb its anti-competitive practices would hamstring how the

1:13.1

company develops AI, among other harms. Google said on Sunday that it would hold back American

1:19.6

innovation at a critical juncture. They went on to say that we're in a fiercely competitive

1:24.4

global race with China for the next generation of technology leadership,

1:29.2

and Google is at the forefront of American companies making scientific and technological breakthroughs.

1:36.6

Chinese EV manufacturer Neo has delayed the European launch of its Firefly EV to the third quarter of

1:43.3

2025. The company's progress in Europe has been

1:46.8

slower than expected due to the sales and service network challenges, according to the CEO at an

1:52.5

event in Shanghai. Neal unveiled the Firefly brand in December as a rival product to Mercedes-Benz's

1:59.6

smart and BMWs mini and said at the time it will

2:03.0

launch in Europe in the first half of this year. Neo plans to seek more local partners to expand

...

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