Google ordered to face £13.6bn lawsuit
A London court has ordered Google to face a £13.6 billion lawsuit over whether it has too much influence on the online advertising market.
Ad Tech Collective Action LLP has accused the search engine giant and its parent Alphabet of acting in an anti-competitive way which caused online publishers in the UK to lose money.
London’s Competition Appeal Tribunal dismissed Alphabet’s attempts to dismiss the case – labelling it as “incoherent” saying the case will now go to trial.
Google’s legal director, Oliver Bethell, described the lawsuit as “speculative and opportunistic.”
“We’ll oppose it vigorously and on the facts,” he added in a statement.
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Gemini AI launches in Europe
It isn’t all bad news for Google in Europe, however, as the firm announced the launch of its AI app Gemini across the UK and Europe.
The dedicated app makes the mobile version of Google’s powerful AI chatbot free to download, offering an AI assistant on the move.
It works similarly to the desktop version of Gemini, which is Google’s answer to ChatGPT, and the mobile launch as seen as the next step to fully replacing the Google Assistant with its AI counterpart.
“It’s an important first step in building a true AI assistant — one that is conversational, multimodal and helpful,” said Jules Walter, group product manager of Google’s Gemini division.
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AI growth drives Nvidia to $3tn valuation and second most valuable company
The growth of AI has helped drive the valuation of Nvidia to over $3 trillion, making the chipmaker the second most valuable listed company in the world.
A 5% share price hike saw Nvidia leapfrog Apple in market value, leaving it behind only Microsoft in terms of listed companies.
It marks a rapid rise for the US firm, which has seen its share price grow by more than 50% since February, when it topped the $2tn mark for the first time, with optimism about the role its chipsets will play in the future of AI fuelling the growth
Apple was the first company to reach a $1tn and $2tn market cap. It long held the title of most valuable US company but was surpassed by Microsoft earlier this year. Microsoft has also benefited from investor demand for AI infrastructure, with the software giant one of the key investors in OpenAI.
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CNN and Paris Hilton targeted in TikTok hack
Celebrities and major brands including CNN and socialite Paris Hilton have had their TikTok accounts targeted in a major cyber attack, although the social media firm said only a small number of accounts had been breached.
TikTok – which is owned by Chinese firm Bytedance – said it was already taking steps to mitigate the attack, which saw hackers attempt to hijack a number of high-profile users through direct messages.
“We have taken measures to stop this attack and prevent it from happening in the future. We’re working directly with affected account owners to restore access, if needed,” said Jason Grosse, a spokesperson for TikTok’s privacy and security team.
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