Wed. 06/14 – EU Threatens Google With A Breakup

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 14 June 2023

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

The European Commission might have just taken the first steps toward separating Google from its cash cow. Reddit’s CEO keeps saying not so soothing things. New Open AI and Meta releases for… AI stuff. Cybersecurity premiums are skyrocketing. Spotify has fully shifted its podcast strategy. And a look at the tech job market as AI takes over. Sponsors: NewtonX.com/techmeme CrashPlan.com Links: EU suggests breaking up Google’s ad business in preliminary antitrust ruling (The Verge) Reddit CEO tells employees that subreddit blackout ‘will pass' (The Verge) Google is getting a lot worse because of the Reddit blackouts (The Verge) OpenAI intros new generative text features while reducing pricing (TechCrunch) Cyber Insurance Premiums Surge by 50% as Ransomware Attacks Increase (Bloomberg) Spotify Takes a Sharp Turn With Its $1 Billion Podcast Division (Bloomberg) Meta AI researchers unveil I-JEPA, a computer vision model that learns more like humans do (SiliconAngle) Layoffs and AI Are Changing Tech’s Once-Invincible Job Market (Bloomberg) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Right Home for Wednesday, June 14th, 2023. I'm Brian McCullough.
0:08.0	Today, the European Commission might have just taken the first steps towards separating Google from its cash cow.
0:13.6	Reddit's CEO keeps saying not so soothing things.
0:17.0	New open AI and meta releases for AI stuff.
0:20.0	Cybersecurity premiums are skyrocketing.
0:22.1	Spotify has fully shifted its podcast strategy
0:25.3	at a look at the tech job market as AI takes over.
0:28.6	Here's what you miss today in the world of tech.
0:30.6	The European... tech.
0:33.4	The European Commission has issued a preliminary antitrust complaint against Google
0:38.6	over its ad business suggesting breaking up the unit.
0:42.4	Google can now reply but suggesting breaking up the unit.
0:42.8	Google can now reply, but it's pretty much the nuclear scenario they've been fearing all along at this point.
0:50.8	Quoting the verge.
0:52.0	In a preliminary opinion, the regulator says
0:54.0	Google has abused its dominant position in the digital advertising market. It
0:57.6	says that forcing Google to sell off parts of its business may be the only remedy
1:02.3	if the company is found guilty of the charges.
1:04.8	This would be a significant move targeting the main source of the search giants revenue and
1:08.9	a rare example of the EU recommending divestiture at this stage in an investigation. The Commission has already
1:14.8	fined Google over three prior antitrust cases but has only previously imposed
1:19.4	behavioral remedies changes to its business practices. The statement of objections
	...

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