Here's your TMB Tech Minute for Monday, August 5th.

I'm Zoe Thomas for the Wall Street Journal.

A federal judge has ruled that Google engaged in illegal practices to preserve its search engine monopoly.

Google performs about 90% of the world's internet searches.

The government argued Google suppressed competition by paying billions of dollars to operators of web browsers and phone manufacturers to make Google their default search engine.

The long-awaited ruling is a major antitrust victory for the Justice Department.

Kent Walker, president of Global Affairs at Google Parent Alphabet, said the company planned

to appeal the ruling.

Elon Musk has revived his lawsuit against open AI in federal court.

The billionaire alleges he was manipulated into believing that open AI, which Musk helped

launch, would be a non-profit.

Musk has asked the court to cancel Open AI's licensing agreement with Microsoft

because it breaches the deal Musk made with Open AI and its co-founder Sam Altman.

Open AI has denied that there was a founding agreement governing the company and said that the

lawsuit rested on questionable facts.

News Corp, owner of the Wall Street Journal in Dow Jones NewsWires has a content licensing

partnership with Open AI.

And today's market sell-off hit the tech stocks that make up the Magnificent Seven

hard. The Magnificent Seven hard.

The Magnificent Seven includes Alphabet, Amazon, Apple,

Meta, Microsoft, and video, and Tesla.

Collectively, they lost $653 billion in market cap today.

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