Rethink or Sink: Europe's Industrial Strategy Dilemma

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Google's ad tech division, while still robust with over $31 billion in revenue, faces declining figures that reflect a broader trend of antitrust scrutiny on major tech companies. In contrast, Europe is increasingly sidelined in the global economic rivalry between the U.S. and China. A report by former Italian Prime Minister Mario Draghi highlights this existential challenge, calling for a radical restructuring of EU industrial strategy. He advocates for significant investments totaling $880 billion annually, equating to 5% of the EU's GDP, to enhance infrastructure and defense while rethinking the aggressive stance on antitrust issues. This comprehensive 400-page report underscores the urgency for Europe to reclaim its geopolitical relevance amid sluggish growth and fierce competition.

Episode 406: Neal and Toby recap the “glowtime” event held by Apple showcasing their latest line of devices including the new iPhone 16 which has been dipped in AI. Then, the DOJ isn’t done with Google just yet as it starts its 2nd antitrust case against the tech company’s massive search business. Next, economist Mario Draghi has some harsh realities for the EU if it wants to keep up with the rest of the world. Meanwhile, cars are getting bigger, heavier, and…more dangerous. Plus, this startup claims its AI can detect lies much better than the old-fashioned polygraph test, and over Zoom. Lastly, Tom Brady is stepping back onto the football field…to get to the broadcast booth as he makes his commentator debut. And it’s been…just OK.

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00:00 - Iconic actor James Earl Jones dies at 93

3:00 - Apple hopes iPhone 16 crushes

8:00 - Google faces another antitrust case

12:00 - Economist thinks the EU could use a boost

17:00 - Bigger cars are causing bigger problems

21:20 - Toby’s Trends: AI lie detectors

25:15 - Tom Brady’s broadcast debut

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