EssilorLuxottica Shares Surge 11% on Strong Third-Quarter Revenue
Shares of EssilorLuxottica, the Franco-Italian eyewear giant behind Ray-Ban, surged 11.4% on Wednesday after the company reported third-quarter revenue that exceeded market expectations. Revenue reached €7.49 billion, surpassing analysts’ estimates of €7.36 billion, as...
US, Meta and Google Join $1.8 Billion Push to Build AI Biology Datasets
The U.S. government, Meta Platforms and Google parent Alphabet are joining nonprofit Biohub in a $1.8 billion initiative to build open datasets for training artificial intelligence models for biological research. Meta, Google DeepMind and...
Google Signs Its Biggest Carbon-Removal Deal in Brazil
Google has agreed to its largest carbon-removal deal yet, supporting a project in Brazil by developer Terradot that aims to reduce methane emissions from rice farming while capturing carbon dioxide from the atmosphere. Covering...
Google Revamps EU Search Results to Meet Antitrust Rules
Google on Tuesday rolled out major changes to its search results in Europe to comply with EU antitrust regulators, warning that the measures could reduce search quality and increase costs for European businesses. The...
Australia Tightens Rules on Tech Giants Over News Content
Australia has passed legislation requiring major technology companies to strike commercial agreements with local news publishers or face a levy of 2.5% of their advertising revenues. The News Bargaining Incentive is aimed at ensuring...
Google Faces Up to $10 Billion in EU Lawsuits
Google is facing a fresh legal challenge in Europe as a series of private lawsuits seeking up to $10 billion in damages gather momentum following its first loss under the European Union’s Digital Markets...
Warren Opposes AI Secrecy Push in USMCA Trade Talks
Democratic Senator Elizabeth Warren has urged the Trump administration to reject efforts by major artificial intelligence companies to weaken transparency requirements in the U.S.-Mexico-Canada Agreement (USMCA). In a letter to U.S. Trade Representative Jamieson...
Meta and Google Found Negligent in $6 Million U.S. Social Media Harm Verdict
A Los Angeles jury has found tech giants Meta and Alphabet’s Google negligent in a landmark $6 million verdict over claims that their social media platforms harmed young users. The jury awarded $4.2 million...
Google Withdraws EU Antitrust Complaint Against Microsoft
Alphabet’s Google has withdrawn its antitrust complaint against Microsoft over alleged anti-competitive cloud computing practices, following a new EU regulatory probe that may classify major cloud providers as “gatekeepers.” Google had filed the complaint...
Danish Job Search Platform Jobindex Files Lawsuit Against Google for Copyright Violations
In a significant legal development, Danish online job-search platform Jobindex has filed a lawsuit against Google, alleging copyright violations. The lawsuit comes a year after Jobindex raised concerns with EU antitrust regulators regarding what...