August 12, 2024
Tech News
A federal judge ruled that Google is an illegal monopoly, a victory for rivals like Yelp and DuckDuckGo. These companies stress the importance of effective remedies to restore competition, proposing measures such as banning Google from buying default status, spinning off services, and creating a monitoring body to ensure compliance. The next phase of the trial will determine how to implement these remedies.
Google has discontinued its Chromecast lineup after 11 years and 100 million units sold. The new replacement, Google TV Streamer, offers enhanced features like a faster processor, more storage, 4K HDR streaming, and smart home integration. It also includes AI capabilities for creating screensaver art. The device is priced at $99.99 and will be available starting September 24, 2024.
CrowdStrike’s president Michael Sentonas accepted the “Most Epic Fail” award at the Pwnie Awards following a global IT meltdown caused by a software update. Sentonas acknowledged the company’s mistakes and emphasized the importance of owning up to errors. The award was accepted at Def Con, where CrowdStrike aimed to show gratitude to the cybersecurity community.
Scott Painter, founder of Autonomy, is pivoting to a new venture called Autonomy Data Services (ADS) after his electric vehicle subscription service struggled. ADS will provide software and data to automakers for their subscription services. Painter had to sell personal assets and convert debt to equity to fund the new company. ADS aims to offer valuable customer data and software to help automakers better manage subscription services.
Tech Explained
Monopoly – In the context of the news, a monopoly refers to a situation where a single company dominates a particular market, giving it significant control over prices and competition.
4K HDR streaming – This term refers to streaming content in ultra-high definition resolution with high dynamic range, providing viewers with a more immersive and detailed viewing experience.
Cybersecurity – Cybersecurity involves protecting computer systems, networks, and data from cyber threats, such as cyberattacks, data breaches, and malware.
Subscription services – Subscription services are business models where customers pay a recurring fee to access a product or service on an ongoing basis, often providing companies with a predictable revenue stream.
Equity – Equity refers to the ownership interest in a company, representing the residual value of assets after deducting liabilities. It can also refer to the value of shares in a company.
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