” Google’s Legal Defeat Against Epic Games Threatens App Store Duopoly\n\nGoogle’s recent legal defeat at the hands of Epic Games Inc. has the potential to shake up the app store market dominated by Google and Apple Inc. The ruling, which was handed down by a San Francisco jury on Monday, challenges the two companies’ business model of charging high commissions to software developers. This decision is likely to have far-reaching consequences, as regulators and lawmakers around the world have already been scrutinizing app store rules.\n\nAccording to Tim Sweeney, CEO of Epic Games, this verdict marks the beginning of the end for the 30% commission charged by app stores. While Apple had previously won a similar case against Epic in 2021, this ruling was made by a single judge. The nature of the Google suit, where a jury unanimously sided with Epic, allowed for actual consumers to weigh in on the issue.\n\nThe legal battle between Epic and Google began in 2020 when Fortnite was removed from the Apple and Google Play app stores for bypassing the 30% commission by installing its own payment system. Epic then sued both companies, and the recent verdict found Google guilty of anticompetitive conduct, harming Epic, and illegally forcing its own billing system on developers.\n\nThis ruling also sheds light on the growing sentiment among consumers that major technology companies have gained too much power. Google has also faced scrutiny from the Justice Department over its dominance in search. As Google starts making changes to its operations and public pressure mounts, Epic’s Sweeney predicts that Apple will also be forced to act.\n\nDuring the case, Epic highlighted Google’s agreements with top developers to lower their fees, including a special deal with Netflix Inc. in 2019. This decision is expected to lead to more accommodations for developers and better options for consumers. As Sweeney puts it, “When you remove a 30% tax from an ecosystem, consumer prices will get better. Or quality will get better and selection will increase”.\n\nHOBOKEN, N.J., October 31, 2023 — Pearson (FTSE: PSON.L), the world’s leading learning company, has released new research that highlights the potential impact of generative AI on the global workforce. The study, part of Pearson’s Skills Outlook series, focuses on the impact of generative AI on more than 5,000 jobs in five countries
” Google’s Legal Defeat Against Epic Games Threatens App Store Duopoly\n\nGoogle’s recent legal defeat at the hands of Epic Games Inc. has the potential to shake up the app store market dominated by Google and Apple Inc. The ruling, which was handed down by a San Francisco jury on Monday, challenges the two companies’ business model of charging high commissions to software developers. This decision is likely to have far-reaching consequences, as regulators and lawmakers around the world have already been scrutinizing app store rules.\n\nAccording to Tim Sweeney, CEO of Epic Games, this verdict marks the beginning of the end for the 30% commission charged by app stores. While Apple had previously won a similar case against Epic in 2021, this ruling was made by a single judge. The nature of the Google suit, where a jury unanimously sided with Epic, allowed for actual consumers to weigh in on the issue.\n\nThe legal battle between Epic and Google began in 2020 when Fortnite was removed from the Apple and Google Play app stores for bypassing the 30% commission by installing its own payment system. Epic then sued both companies, and the recent verdict found Google guilty of anticompetitive conduct, harming Epic, and illegally forcing its own billing system on developers.\n\nThis ruling also sheds light on the growing sentiment among consumers that major technology companies have gained too much power. Google has also faced scrutiny from the Justice Department over its dominance in search. As Google starts making changes to its operations and public pressure mounts, Epic’s Sweeney predicts that Apple will also be forced to act.\n\nDuring the case, Epic highlighted Google’s agreements with top developers to lower their fees, including a special deal with Netflix Inc. in 2019. This decision is expected to lead to more accommodations for developers and better options for consumers. As Sweeney puts it, “When you remove a 30% tax from an ecosystem, consumer prices will get better. Or quality will get better and selection will increase”.\n\nHOBOKEN, N.J., October 31, 2023 — Pearson (FTSE: PSON.L), the world’s leading learning company, has released new research that highlights the potential impact of generative AI on the global workforce. The study, part of Pearson’s Skills Outlook series, focuses on the impact of generative AI on more than 5,000 jobs in five countries – Australia, Brazil, India, the US, and UK.\n\nAccording to the research, white collar roles are at a greater risk from generative AI than blue collar roles. This is due to the technology’s ability to easily replicate repetitive tasks, such as scheduling appointments or answering calls, which are common in many white collar jobs. In contrast, blue collar roles that involve manual labor or customer service elements are less likely to be affected by generative AI.\n\nThe research also found that jobs related to mathematics, such as engineers, are less likely to be impacted by generative AI due to the technology’s current limitations in accuracy for math computations. On the other hand, roles in fields like landscaping, mechanics, and construction, which require physical labor and human interaction, are less likely to be replaced by generative AI.\n\nMike Howells, President of Pearson Workforce Skills, emphasizes the importance of understanding the potential impact of AI on the workforce. He encourages workers and employers to consider how they can use the best of AI and human skills together to adapt to this changing landscape.\n\nThe research also highlights the potential for new roles to be created by generative AI. As the technology takes over repetitive tasks, workers can focus on high-value activities that require uniquely human skills like creativity, communication, and leadership.\n\nIn a Pearson’s research shows that generative AI will have a greater impact on white collar jobs than blue collar jobs in the next 10 years. While some jobs may be at risk, there is also potential for new roles to be created. It is important for workers and employers to prepare for this change and find ways to use AI and human skills together for the best outcomes.\n\nA question about the possibility of a market correction, Jackson said that the market is likely to see a correction in the range of 5% to 10%.\n\nTesla Inc has stated that it has a moral obligation to continue improving its Autopilot driver assistant system and make it available to more consumers. This comes after a Washington Post investigation revealed serious crashes involving Autopilot on roads where the feature could not reliably operate. Tesla’s data shows that the technology is saving lives and preventing injuries.\n\n”$AAPL, $PSO, $TSLA2023-12-14T14:02:16.694Z
