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Top Alphabet executive says Google Search akin to ‘cigarettes or drugs’

Livemint

Livemint · 2y ago

Top Alphabet executive says Google Search akin to ‘cigarettes or drugs’

According to a document released by the US Justice Department, Google's Vice President for Finance, Michael Roszak, once referred to the company's search advertising business as "one of the world’s greatest business models ever created," rivalled only by illicit businesses like cigarettes or drugs. Roszak mentioned that Google has been able to ignore the fundamental laws of economics by focusing on the supply side of advertisers and ad formats, rather than the demand side. The document is being used in the antitrust case against Google.

Related News

Microsoft executive says Google deals kept Bing small

Economic Times

Economic Times · 2y ago

Microsoft executive says Google deals kept Bing small

A Microsoft executive, Jonathan Tinter, testified that Apple and other smartphone makers declined revenue-sharing agreements with Microsoft's Bing search engine, which would have challenged Google's default search engine position on their devices. The U.S. Justice Department's antitrust case against Google alleges that the company pays billions to ensure Google search remains the default. Tinter stated that Bing struggled to become the default search engine on smartphones in the U.S., leading to poorer quality search experiences. Despite offering significant revenue sharing, Bing could not secure default status on Android or Apple smartphones in the past decade.

Google says employees can discuss antitrust case

Economic Times

Economic Times · 10m ago

Google says employees can discuss antitrust case

Google, after losing a landmark antitrust trial, initially prohibited employee discussions on the matter, a move criticized and eventually reversed following a settlement with the Alphabet Workers Union. This was overseen by the National Labor Relations Board after a complaint was filed. Google clarified employees could discuss employment impacts of the lawsuit. This development challenges Google's culture of secrecy and arises amid calls for Google's breakup to restore competitive balance in the search industry.

Google didn’t rush Bard chatbot to beat Microsoft, executive says

Economic Times

Economic Times · 2y ago

Google didn’t rush Bard chatbot to beat Microsoft, executive says

A Google executive testified in the Justice Department's antitrust trial, denying claims that the company rushed to release its AI chatbot, Bard, to compete with Microsoft. While acknowledging that Bard gave a wrong answer during its unveiling, the executive stated that it was not released hastily after Microsoft's announcement. The executive emphasized the nascent nature of the technology, which still makes mistakes. The trial aims to demonstrate how Google maintains its search monopoly and intentionally delays potential threats to its dominance.

Google says discord over search results is unresolved; risks EU antitrust fine - The Economic Times

Economic Times

Economic Times · 7m ago

Google says discord over search results is unresolved; risks EU antitrust fine - The Economic Times

Google recently failed to resolve disagreements with hotels, airlines, and search services over its search result presentation, risking an EU antitrust fine. At a workshop, Google proposed solutions to address charges of unfairly prioritizing its services like Google Shopping. Options included giving vertical search services top page visibility, but critics argue they cement Google’s dominance and mislead consumers. The EU's Digital Markets Act aims to curb Big Tech's power, with potential significant fines for violations.

Alphabet will seek to reassure investors as AI rivals step up competition - The Economic Times

Economic Times

Economic Times · 7m ago

Alphabet will seek to reassure investors as AI rivals step up competition - The Economic Times

Alphabet is focusing on enhancing its search and advertising sectors to counter emerging AI competitors like OpenAI and Perplexity. By integrating AI features into Google Search and securing significant cloud agreements, including with OpenAI, Alphabet aims to maintain its dominance. Despite competition, analysts expect a significant rise in Alphabet's revenue and advertising income for the second quarter. Wall Street is attentive to Alphabet's efforts amidst growing AI investments and tech innovation.

Google paid $26 billion to be default search engine in 2021

Economic Times

Economic Times · 2y ago

Google paid $26 billion to be default search engine in 2021

According to a top executive at Google, the company paid $26.3 billion in 2021 to ensure its search engine was the default on web browsers and mobile phones. This is a significant increase compared to 2014. Google's revenue from search advertising was $146.4 billion in 2021, making the payments for the default setting its largest expense. Google has defended these agreements as legal and necessary to stay competitive in the market. The details were revealed during the Justice Department's antitrust trial, despite Google's objections.

Google stopped Samsung from expanding search app offering: ex-executive Patrick Chang

Economic Times

Economic Times · 2y ago

Google stopped Samsung from expanding search app offering: ex-executive Patrick Chang

In a landmark antitrust trial against Google, former Samsung executive Patrick Chang testified that Google put pressure on Samsung to prevent the expansion of mobile app developer Branch Metrics' software offering on Samsung smartphones. This was allegedly due to Google's dominance in the search market. The trial aims to demonstrate that Google abused its monopoly in search and search advertising.

Google parent Alphabet posts first $100 bn quarter as AI fuels growth - The Economic Times

Economic Times

Economic Times · 3m ago

Google parent Alphabet posts first $100 bn quarter as AI fuels growth - The Economic Times

Google parent Alphabet reported its first-ever $100 billion quarterly revenue, driven by a 16% year-on-year rise. The growth was fueled by strong performance in its core search and advertising business, and a 34% increase in Google Cloud revenue, propelled by AI advancements. Net income surged 33%, but results were impacted by a $3.5 billion fine from the European Commission. Alphabet anticipates significant capital expenditures to support AI infrastructure expansion.

Apple to rival Google with its own search engine ‘pegasus’?

Livemint

Livemint · 2y ago

Apple to rival Google with its own search engine ‘pegasus’?

Apple is reportedly working on its own search engine called "Pegasus" as it aims to reduce its reliance on Google and potentially gain a larger share of the search engine market. The team led by former Google executive John Giannandrea is focused on improving search capabilities for Apple apps. Apple currently earns around $8 billion annually from its deal with Google to make it the default search engine on its devices. This move could lead to increased competition between Apple and Google in the search engine space.

Google’s CEO says ‘AI is positively impacting every part of the business’

The Verge

The Verge · 7m ago

Google’s CEO says ‘AI is positively impacting every part of the business’

Google's CEO Sundar Pichai highlighted the positive impact of AI across the company's operations in Alphabet's Q2 2025 earnings report. The company saw a revenue increase to $96.4 billion, with significant growth in its Google Search segment. AI features like AI Overviews and AI Mode are popular among users, contributing to the company's success. Alphabet plans to raise its capital expenditures to $85 billion to keep up with the data center expansion trends noted among tech giants like OpenAI and Meta.

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