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Top stories today:
- Google illegally monopolized online search, judge rules
- OpenAI co-founders Schulman and Brockman depart
- Global assets rebound: Japanās Nikkei +10%, S&P futures +0.4%
- OpenAI will not release GPT-5 at DevDay events this fall
- Groq raises $640M at $2.8B valuation
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Google illegally monopolized online search, judge rules in 2020 antitrust case
Alphabet stock was -4% on the news:
In question: $26B in payments to become default search engine.
Apple and Mozilla could be the biggest losers if the ruling is upheld.
Google violated Section 2 of the Sherman Act,
Court to decide on what happens next: injunctions are a real possibility, and a Google appeal is likely.
2. OpenAI co-founders Schulman and Brockman depart
John Schulman is joining rival Anthropic.
Greg Brockman on leave until the year-end.
Sam Altman and Wojciech Zaremba are the two founding members that remain.
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