Google’s Next Challenge 5/2/24
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 2 May 2024
⏱️ 6 minutes
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| 0:00.0 | The Justice Department's years-long antitrust case against Google, now in closing arguments. |
| 0:05.6 | For today's Tech Check, our Deirdreboza is taking a look at what might be next for the Tech Giant. |
| 0:09.6 | Morning, D. |
| 0:10.6 | Hey, good morning, Carl. |
| 0:11.9 | So that actual ruling, which is still weeks potentially months away |
| 0:15.2 | could ultimately matter less than the distractions and the caution that the |
| 0:19.5 | trial has already imposed on Google think about the antitrust trials of the past. |
| 0:23.7 | Microsoft and IBM for example, even though they eventually won, they lost momentum |
| 0:28.2 | in their markets. So while Google's share price over the last year has not |
| 0:31.5 | reflected investor concerns around |
| 0:33.7 | the antitrust battle specifically it has reflected more volatility around the |
| 0:39.0 | next battle its gen AI vulnerabilities and its progress. |
| 0:42.9 | For example, down 8% on its first |
| 0:44.8 | Gen AI demo more than a year ago, |
| 0:47.1 | up post last year's I. |
| 0:48.6 | Down on Gemini Backlash, up again. |
| 0:51.1 | Last week on earnings that suggested ads might be able to live in a |
| 0:54.4 | chatbot world after all. Now one of the internal emails released as part of the |
| 0:58.6 | DOJ case revealed that Microsoft's chief technology officer was quote very very worried |
| 1:04.3 | that they were falling behind Google in Gen AI and that was part of their |
| 1:07.8 | motivation to invest that huge billions and billions of dollars investment |
| 1:11.9 | into open AI. |
... |
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