Why the DOJ is Suing Google & IRS Coming For Millionaires
Sep 11, 2023
28:04
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Preview of potential Google antitrust lawsuit, US-Vietnam partnership, environmental impact of data centers for AI, water usage concerns, IRS using AI tools for tax evasion, Apple's event and Elon Musk's biography generate buzz
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Quick takeaways
The US government's antitrust case against Google's control over the search engine market could disrupt Silicon Valley's power dynamics and create opportunities for new players.
Vietnam's emergence as a manufacturing hub offers American companies an alternative to China amidst strained US-China relations, fostering a growing partnership between the two nations.
Deep dives
The Monopoly Trial of Google: A Key Antitrust Battle
The biggest antitrust trial in the modern internet era begins as the US government takes on Google over anti-competitive behavior. The focus is on Google's control over 90% of the search engine market and its inclusion as the default search engine on hardware devices like Apple's. The case could have far-reaching consequences for Silicon Valley's power dynamics and the potential for new players to emerge.
Biden's Visit to Vietnam: Strengthening Business Ties
President Biden's visit to Vietnam showcases the country's emergence as a manufacturing hub and a crucial business partner for American companies. With strained US-China relations, Vietnam offers cheaper labor and has seen a doubling of trade with the US in the last five years. The visit aims to counter China's growing influence in the region and nurture the friendship between the two nations.
Water as a Crucial Resource in the AI Boom
The AI boom's reliance on massive data centers has led to a significant increase in water consumption by tech giants like Microsoft and Google. These data centers require large amounts of water for cooling purposes, which has raised concerns in drought-stricken regions where the centers are located. The growing demand for water by these centers could lead to tensions with local communities and impact the availability of water resources for other essential needs.
The IRS's Efforts to Target Tax Evasion
The IRS aims to recover revenue through initiatives targeting wealthy individuals and large business partnerships that have engaged in tax evasion practices. The use of AI and increased auditing efforts will help identify potential tax evasion cases. The IRS seeks to prove its effectiveness in using its increased funding and garner support for maintaining its budget amid negotiations for future spending bills.
Episode 144: Neal and Toby preview a potential hallmark case between Google and the US Justice Department on whether Google's search business empire violates antitrust laws. Then, an unlikely partnership between the US and Vietnam to ween off manufacturing in China. Plus, water is essential to human life...and artificial intelligence. The guys talk about the environmental impact of hundreds of data centers needed to keep ChatGPT going. Lastly, the biggest winners of the weekend, a US Open recap, and what to watch for this week.