Google comes out on top as years-long Mexico antitrust case closed

MEXICO CITY :Mexico's antitrust watchdog said on Friday it had closed a case against Google, clearing the tech giant from any potential fines, after a multi-year investigation determined it did not engage in monopolistic practices in the country.
The investigation by Mexico's Federal Economic Competition Commission (Cofece), which began in 2020, focused on Google's digital advertising services via its search page as well as third-party websites.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Business Times

7 hours ago

• Business Times

Apple executives have held internal talks about buying AI startup Perplexity

[SAN FRANCISCO] Apple executives have held internal discussions about potentially bidding for artificial intelligence (AI) startup Perplexity AI, seeking to address the need for more AI talent and technology. Adrian Perica, the company's head of mergers and acquisitions, has weighed the idea with services chief Eddy Cue and top AI decision-makers, according to people with knowledge of the matter. The discussions are at an early stage and may not lead to an offer, said the sources, who asked not to be identified because the matter is private. Such a deal would help Apple develop an AI-based search engine, part of efforts to cope with the potential loss of a longstanding arrangement with Google. That partnership, which involves making Google the default browser on devices, generates roughly US$20 billion a year for Apple, and is now under threat from US antitrust enforcers. To date, Apple executives have not discussed a bid with Perplexity management. Bloomberg News reported earlier Friday that Meta Platforms tried to buy Perplexity earlier this year. 'We have no knowledge of any current or future M&A discussions involving Perplexity,' the AI startup said. Apple declined to comment. The Perplexity service provides real-time answers to questions using the latest information from the web. If Apple were to engage in talks to buy the startup, such a move likely would not happen until a decision is made in the Google antitrust trial. That's when Apple would know whether its lucrative Google agreement may have to be unwound. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Google shares reversed gains and fell nearly 1 per cent in late trading after Bloomberg reported on Apple's Perplexity discussions. Perplexity recently completed an investment round that valued it at US$14 billion. A deal anywhere near that level would be the largest acquisition in Apple's history. The company's biggest transaction until now remains the US$3 billion takeover of Beats in 2014 – though Apple made more recent billion US dollar deals for Intel Corp.'s modem unit and a stake in Chinese ride-sharing company DiDi. After Meta failed to reach an agreement with Perplexity, it bought a 49 per cent slice of Scale AI for US$14.3 billion. That deal is part of Meta's attempts to create a so-called superintelligence AI team, which will now include Scale co-founder Alexandr Wang. Perica and Cue, who both report to Apple chief executive officer Tim Cook, are leading the AI acquisition and recruiting efforts. The hunt for talent is part of a bid to catch up in generative AI. The company was slow to deliver its Apple Intelligence platform and still lags rivals in key features. A revamped Siri was delayed indefinitely this year, with the company now aiming to have it ready by next spring. Apple unveiled a relatively meagre slate of new AI enhancements at its Worldwide Developers Conference earlier this month. The latest features include live translation capabilities and a deeper partnership with OpenAI on ChatGPT-based image generation. Buying Perplexity would give Apple an infusion of AI talent, a known brand in the AI space and a consumer product. A deal could also potentially assist with future recruiting efforts. Apple has also discussed an alternative plan: teaming up with Perplexity instead of buying it. A partnership would involve adding Perplexity as an AI search engine option in Apple's Safari web browser and integrating it into Siri. Apple has met multiple times in recent months with Perplexity, and its AI team has been actively evaluating the technology – a sign that it's at least considering a close relationship with the company. One major snag in the process could be an in-the-works deal between Perplexity and Samsung Electronics, which plans to announce a deep partnership with the startup. Samsung is Apple's biggest competitor in smartphones, and AI features have become a critical new arena for the two rivals. In its statement, Perplexity said it should not be surprising that top manufacturers want to offer the 'best search and more accurate AI for their users.' 'That's Perplexity,' the startup said. Cue, whose department includes Apple's streaming services and iCloud, previously expressed an interest in Perplexity. While testifying at the Google antitrust trial in May, he told jurors that the industry is shifting away from standard Internet searches to AI tools. He outlined a scenario in which AI search engines could quickly supersede Google's current offering. 'We have been pretty impressed with what Perplexity has done, so we have started some discussions with them about what they are doing,' he said. BLOOMBERG

Business Times

10 hours ago

• Business Times

AI and the disappearing pause

'IT'S interesting to see progress through the arc of time,' Google chief executive officer Sundar Pichai said recently on Lex Fridman's podcast. It aptly describes a huge shift happening in business right now; a change in how we even think about something as basic as time. Time used to be one of the few constants in global business. We had clear deadlines, synchronised news cycles, 'follow-the-sun' business models. New York would open for business as Singapore was winding down. The world had a predictable beat, even if not perfectly aligned. But something has shifted. We no longer share time. We consume it. And as we do, something else has stepped in to seemingly unify us: artificial intelligence (AI). Released recently, Apple's latest white paper, The Illusion of Thinking: Understanding the Strengths and Limitations of Reasoning Models via the Lens of Problem Complexity, offered a timely warning about the limits of what we perceive as AI's true 'reasoning' capabilities, particularly when faced with increasing complexity. This research could not be more relevant, as we navigate a world where time itself feels fractured. Not just by time zone, but by our very experience of it. Our screens update instantly, yet our minds need more time to catch up. Trends explode in minutes, but decisions stretch across weeks. Some teams are 'on' 24/7, while others are experimenting with four-day weeks, all creating a fragmented sense of pace. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The clock is dead; long live the code AI has replaced traditional time as the driver of business speed. It works across time zones, never sleeps and always responds. AI is becoming the first thing everyone relies on. It is global, immediate and relentlessly consistent. Feed a business challenge into an AI tool and in less than a minute, a well-structured response will appear. Discuss it with the team and I assure you that someone will say, 'That's actually good enough to run with.' But that is precisely the problem. Not because it is inaccurate, because it probably is not. But because it is almost always predictably coherent. It offers no friction, no doubt. There would not be a spark of tension. This is where the real shift is happening. AI is collapsing time while expanding output. We get more done in less time. But in doing so, it threatens to erase something businesses have not yet learnt how to measure – the value of shared deliberation. Even Bill Gates, during a recent visit to Singapore, admitted, 'If I had a switch to slow down AI, I might use it.' It was a rare concession from one of technology's most persistent optimists, and a reminder that just because something moves fast, does not mean we are ready to move with it at the same pace. The disappearance of productive discomfort When humans worked to the same clock, decisions took time. But that time created space for discussion, disagreement or even deep reflection. Not all of it was efficient, but much of it was productive discomfort. Productive discomfort is that critical pause before commitment; the challenge before reaching consensus. AI, by contrast, skips the pause. It generates answers before humans even begin to ask follow-up questions. I am not saying it is wrong, but it removes resistance – which is the very thing that often leads to better insight. With less shared time and more AI, companies might move quickly but without much deep thought. This is not an argument against AI. It is an argument for reasserting intentional rhythm in a world where machines are increasingly dictating the pace at which we need to move. If AI is the new constant, then leaders must become designers of pace, friction and flow. That begins with reintroducing cadence. For example, how does one create deliberate moments where teams step back from tools and re-engage with deeper thought. Not all tasks require instant answers. We know this from years of human experience and insight. Next, we need to embrace useful pauses. Taking a bit more time should not be seen as a weakness. This strategic lag can bring back important context, deeper understanding and clearer thinking into our decisions. Finally, we need to tell the difference between 'fast' and 'finished'. Just because AI gives an instant answer does not mean the discussion is over. Often, that is where the real thinking should just begin. In short, we need to create thoughtful counterbalances to the hyper-efficiency AI enables. Do not get me wrong. This is not to slow progress, but to ensure we still know what progress means. The new role of leadership In the past, when everyone largely shared the same work hours, great leaders were like timekeepers. They set the pace, coordinated schedules and organised how work flowed. Today, their role has changed. Leaders must now become guardians of how we use time. They need to decide not only what tasks are completed, but also when they are done, how quickly and how much thought goes into them. We used to organise business around time. Now, increasingly, we organise it around AI. Leadership today should not be about rejecting the technology. It is about knowing when to slow it down. Deliberately, and for the right reasons. Because AI moves in seconds, but strategy and orchestration still takes time. The writer is head of Singapore at Sling & Stone

CNA

16 hours ago

• CNA

Google offers to tweak search results to promote rivals, stave off EU antitrust fine, documents show

BRUSSELS :Alphabet's Google has proposed more changes to its search results to better showcase rivals in a bid to stave off a possible hefty EU antitrust fine, according to documents seen by Reuters. Google's latest proposal came three months after the European Commission charged the U.S. tech giant with favouring its own services such as Google Shopping, Google Hotels and Google Flights over rivals in breach of the Digital Markets Act (DMA). The landmark DMA sets out a list of dos and don'ts for Big Tech aimed at reining in their power and giving rivals more room to compete and consumers more choices. Under Google's new proposal a vertical search service (VSS) selected on objective and non-discriminatory criteria would get its own box at the top of the search page with the same format, information and features as Google's, the document said. The box would contain three direct links picked by the VSS, to hotels, airlines, restaurants and transport. Other VSS, which are specialised search engines within Google, would be ranked below but without a box unless users click on them. "We do not agree with the (Commission's) preliminary findings' position but, on a without prejudice basis, we want to find a workable solution to resolve the present proceedings," the documents sent by both Google and the Commission to the rivals said. The rivals will provide feedback at a July 8 meeting called by the Commission. A number of rivals, who did not want to be named ahead of the meeting, told Reuters that the changes still do not go far enough to ensure a level playing field.