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Motley Fool Money

Google, DOJ, and Default Inertia

Oct 11, 2023
28:36
Snipd AI
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.
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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.

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