Alphabet Inc.S Googl Goosen Google has been hit with an antitrust complaint by a group of independent publishers from the European Union. The complaint is related to the AI overviews of Google, a function that offers AI-generated summaries over traditional hyperlinks in search results.
What happened: According to a Reuters report, the complaint is related to the AI overviews of Google, a function that offers AI-generated summaries over traditional hyperlinks in search results.
The group of independent publishers has complained to the European Union and claims that Google operates its market dominance in online search.
The document said: “The core of Google’s Core Search Engine Service is abuse of web content for the AI overviews of Google Search, which caused and continues to cause many publicists, including news publishers in the form of traffic, readership and income loss of income.”
The complaint, dated 30 June, also states that publishers who use Google search not have the option to report their material used for AI overviews without losing their ability to appear in general search results.
The complainants are the Independent Publishers Alliancethe Movement for an open weband the British non-profit Foxglove Legal Community Intervany.
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The complaint also requires an interim measure to prevent further damage to the competition and to guarantee access to news.
Why it matters: This complaint is the newest in a series of antitrust challenges that Google is confronted with. The Tech giant has been investigated more and more for its market dominance and business practices.
In June, Google offered to renew its search results to prevent a substantial fine from the EU. The proposed changes were aimed at better presenting the services of Rivals, with regard to the concern of the European Commission on the preferential treatment of Google of its internal services.
Earlier, in May, an American federal judge hinted to shave the proposed remedies of the Ministry of Justice for Google’s alleged search monopoly. The judge mentioned the rapidly changing role of artificial intelligence in online search as a reason for possible lighter remedies.
Despite these challenges, the parent company of Google, Alphabet, continued to perform well. In his Q1 -WinSt report in April, the company reported strong sales growth, powered by its advertising company. The shares of the company have also remained resilient, where analysts remain optimistic about his long -term perspectives.
According to Benzinga Edge Stock RankingsAlphabet Inc. Performs well when it comes to growth and quality, but remains in Momentum. Extra performance data is available here.
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