The podcast discusses the DOJ's anti-trust suit against Google and the lucrative search default deal with Apple. They also explore similarities between this case and the government's anti-trust case against Microsoft in the 1990s. Additionally, they cover the impact of AI automation on the IT job market and discuss Clear, a company specializing in biometric technology for identity verification.
Read more
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Google cemented itself as the search leader with exclusive deals with Apple, which were worth about $10 billion annually.
AI automation may be impacting entry-level IT jobs, particularly in customer service and marketing.
Deep dives
DOJ's case against Alphabet's Google and the Apple deal
The podcast discusses the Department of Justice's antitrust case against Alphabet's Google and the deal between Google and Apple that made Google the default search engine on Apple devices. The case alleges that this deal led to a monopoly or reinforcement of a monopoly. The podcast highlights the financial impact of the deal on Apple, which is estimated to be worth about $10 billion annually. The speaker also mentions past comments made by Google's current CEO Sundar Pichai, indicating that Google paid for exclusivity. The comparison to Microsoft's antitrust case in the 1990s is also mentioned as a narrative parallel.
The impact of AI on IT jobs
The podcast discusses the weakness in the information technology (IT) job market, despite a relatively strong overall job market. The speaker suggests that AI automation may be impacting entry-level IT jobs. While there have been a significant number of layoffs in the IT sector, the speaker also acknowledges that some IT firms may be automating certain jobs instead of hiring back at the same pace. Customer service and marketing are mentioned as areas that could potentially be impacted by AI automation.
An overview of Clear's business model and its competitors
The podcast provides an overview of Clear, a company that offers expedited entry at airports through its identity verification platform. Clear's business model revolves around biometric technology to verify a person's identity. It is primarily focused on airport security but is expanding into other sectors such as stadium security, online identity verification, and financial security. The podcast mentions competitors like TSA Pre-Check, highlighting that Clear and Pre-Check are actually complementary services. Clear's commitment to privacy and its certified security program are also mentioned. The podcast briefly discusses Clear's founding story, its recent IPO, and the factors that may contribute to the stock's performance.
The DOJ’s anti-trust suit against Google is far from over, but details are emerging that show even the search giant knew the optics of their search default deal with Apple weren’t great.
(00:21) Tim Beyers and Dylan Lewis discuss:
- How the DOJ is charging Google cemented itself as the search leader with exclusive deals with Apple. - Just how lucrative those deals were for Apple. - The similarities with this case and the government’s anti-trust case against Microsoft in the 1990s.
(14:46) Mary Long caught up with Motley Fool analyst Sanmeet Deo for a chat about airport security stock Clear and the race to the front of the line.
Companies discussed: AAPL, GOOG, GOOGL, YOU
Host: Dylan Lewis Guests: Tim Beyers, Mary Long, Sanmeet Deo Engineers: Dan Boyd