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Google is facing a lawsuit of 5 billion British Pounds in the United Kingdom for abusing its "near-monopoly status" in the search market.
Google is facing potential compensation lawsuits of over 5 billion British Pound (approximately 6.6 billion USD) in the United Kingdom, accused of abusing its "near monopoly position" in the online search market to inflate advertising prices. The class action lawsuit, filed on Wednesday (April 17) in the UK Competition Appeal Tribunal, claims that Google consolidated its market dominance by limiting competitor Search Engines, making itself the only viable option for online search advertising. The lawsuit was filed by competition law scholar O. Bruker on behalf of hundreds of thousands of UK Institutions that used Google Advertising Services from January 1, 2011, to the time of the lawsuit. Bruker stated on Tuesday.
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Datacenter construction costs may rise by 20%. Trump's tariffs have dealt a blow to the AI industry in the USA.
① The cost of AI construction not only includes chips, but also requires consideration of Building Materials, cooling equipment, and even backup Generators, all of which are affected by tariffs. ② Altman previously revealed that OpenAI is urgently researching how tariffs will impact the running costs of AI models. ③ "The supply cycle for all core components has long reached 24-36 months," industry insiders expect that the construction costs of Datacenters in the USA may rise by 15%-20%.
Wedbush Maintains Meta Platforms(META.US) With Buy Rating, Cuts Target Price to $680
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Overview of international market headlines from last night and this morning _ April 16, 2025 _ Financial news.
The main headlines that Global financial media focused on last night and this morning include: Foreign tourists are hesitant, American goods are facing a boycott, and the USA may suffer a loss of hundreds of billions of dollars. The USA economy may lose several hundred billion dollars in revenue by 2025 due to a decrease in foreign tourists and overseas boycotts of its products, which increasingly contributes to rising recession risks. Data released by the USA International Trade Administration on Monday indicated that the number of non-citizens arriving in the USA by flight in March fell nearly 10% year-on-year. Goldman Sachs predicts that under the worst-case scenario, the decrease in visitors and the boycott could lead to a 0.3% impact on the USA's GDP this year, resulting in considerable losses.
External headlines: OpenAI is positioning itself in the social network space, demand for bonded warehouses in the USA is soaring, progress in trade negotiations between the USA and Europe is minimal, and Republicans are considering a 40% tax rate for mill
The main headlines that Global financial media focused on last night and this morning include: Foreign tourists are hesitant, American goods are facing a boycott, and the USA may suffer a loss of hundreds of billions of dollars. The USA economy may lose several hundred billion dollars in revenue by 2025 due to a decrease in foreign tourists and overseas boycotts of its products, which increasingly contributes to rising recession risks. Data released by the USA International Trade Administration on Monday indicated that the number of non-citizens arriving in the USA by flight in March fell nearly 10% year-on-year. Goldman Sachs predicts that under the worst-case scenario, the decrease in visitors and the boycott could lead to a 0.3% impact on the USA's GDP this year, resulting in considerable losses.