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Why Apple owes Ireland $14 billion in taxes

Sep 13, 2024
In this week's "Make Me Smart" newsletter, we explain why Europe's highest court ruled Apple owed billions in unfair tax breaks. Plus, we explore ghost towns put up for sale and do the numbers on Chinese adoptions worldwide.
Apple's European headquarters in Cork City, Ireland.
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Google loses long fight with EU over epic antitrust fine

Sep 10, 2024
The $2.7 billion levy could affect the conduct of other tech giants watching from the sidelines.
The EU's $2.7 billion penalty against Google could have ripple effects across the pond. Above: European Commission Executive Vice President Margrethe Vestager.
John Thys/AFP via Getty Images

Google's big antitrust case has historic parallels in the 1911 Standard Oil decision

Aug 6, 2024
The two companies' market dominance, and their anti-competitive playbooks, have similarities.
The Supreme Court's decision against Google is a parallel to monopoly-busting efforts generations ago.
Drew Angerer/Getty Images

As Magnificent Seven stocks dip, smaller companies have taken up the mantle

Aug 5, 2024
The companies that could profit the most from a potential Fed rate cut aren't Big Tech companies, so investors are shifting their focus.
With Big Tech companies stumbling in recent earnings, the hundreds of smaller companies in the S&P 500 have sprung to life.
Michael M. Santiago/Getty Images

Wall Street's question for Big Tech: When will all that money you're spending on AI finally pay off?

Jul 30, 2024
For now, it's boosting other parts of the economy — chipmakers and contractors that build data centers, for example.
Investors want to see AI spending start to pay off, but building AI-supportive infrastructure takes time.
Michael M. Santiago/Getty Images

Is Apple late to embrace AI or right on time?

Jun 10, 2024
Apple announced new AI integrations for text, email, photos and Siri. It’s also adding ChatGPT capabilities into operating systems.
Apple announced new AI integrations for text, email, photos and Siri on Monday at its annual developers conference.
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Nvidia dominates in AI, but others are trying to chip away

May 22, 2024
The chipmaker's early focus on graphics processing technology created an advantage that is paying off hugely this year.
Justin Sullivan/Getty Images

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First stop on the road to regulating AI? Finding humans to do the job.

Mar 25, 2024
Passing AI regulations wasn't easy for the EU. Finding people to enforce it may be even harder.
Because generative AI is so young, there isn’t a huge talent pool for regulatory offices to draw from. And big tech companies can pay way more than governments.
Clement Mahoudeau/AFP via Getty Images

Spotify CEO cites "expensive" capital as factor in layoffs. What does that mean?

Dec 4, 2023
The music streaming service just announced its third round of layoffs this year after previous years of intensive borrowing.
For most of Spotify's existence, interest rates barely got above 2%. But once borrowing and debt got expensive, investors became interested in profitability over expansion at any cost.
Kirill Kudryavtsev/AFP via Getty Images