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Rani Molla

Apple has 20 billion rea$on$ to defend its search deal with Google

Apple wants its day in court — specifically it wants a chance to defend its lucrative search deal with Google during the latter’s upcoming trial over how to resolve its illegal search monopoly, set for April. Apple SVP of Services Eddy Cue said in a declaration that if the court prohibits the companies’ arrangement that makes Google the default search on Apple’s Safari browser — a deal worth $20 billion in 2022 — it would create “two unacceptable choices.”

Those include letting US users choose Google as their default search and forgoing the payload, or preventing those users from choosing Google search, which, he says, they prefer, which would “harm both Apple and its customers.”

Cue said it’s “unlikely” Apple would build its own search engine, regardless of the outcome.

In lieu of more extreme remedies suggested by the Department of Justice, Google recently offered to loosen its search deals with companies including Apple. Now Apple says “Google cannot represent Apple’s interests at this stage” and would like to call its own witnesses.

Those include letting US users choose Google as their default search and forgoing the payload, or preventing those users from choosing Google search, which, he says, they prefer, which would “harm both Apple and its customers.”

Cue said it’s “unlikely” Apple would build its own search engine, regardless of the outcome.

In lieu of more extreme remedies suggested by the Department of Justice, Google recently offered to loosen its search deals with companies including Apple. Now Apple says “Google cannot represent Apple’s interests at this stage” and would like to call its own witnesses.

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WSJ: OpenAI IPO filing could be coming as soon as this week

According to a report from The Wall Street Journal, OpenAI could file for an IPO as soon as this week. The company is working with Goldman Sachs and Morgan Stanley on the IPO, which is widely expected to be one of the largest ever. OpenAI is racing against rival Anthropic to be the first startup of the current generative-AI boom to go public.

OpenAI is targeting an IPO as soon as September, per the report.

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Google announces new models, glasses, agents, but investors are not impressed

At Google’s I/O developer conference, the company announced a bevy of new products, but none of it helped the stock one bit.

Jon Keegan5/19/26
tech
Rani Molla

Report: Tesla to build solar factory near Houston

Tesla is planning to build its solar panel manufacturing plant — an endeavor that could add up to $50 billion in value to its energy business — near Houston, Texas, Electrek reports. The plant would be located on the same site as its Megafactory, which builds Megapack battery systems.

The solar plant is part of Tesla and SpaceX’s goal of eventually putting solar-powered data centers in space.

On the company’s fourth-quarter earnings call, CEO Elon Musk said Tesla was “going to work towards getting 100 gigawatts a year of solar cell production, integrating across the entire supply chain from raw materials all the way to finished solar panels.”

At the time, the news had sent shares of First Solar down, but subsequent reports suggest Tesla is unlikely to compete directly with the country’s leading photovoltaic panel maker, instead using much of that production internally.

On the company’s fourth-quarter earnings call, CEO Elon Musk said Tesla was “going to work towards getting 100 gigawatts a year of solar cell production, integrating across the entire supply chain from raw materials all the way to finished solar panels.”

At the time, the news had sent shares of First Solar down, but subsequent reports suggest Tesla is unlikely to compete directly with the country’s leading photovoltaic panel maker, instead using much of that production internally.

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