TechCrunch Summary (2023-06-14 06AM)

Source: Europe warns it might break up Google’s adtech empire

Summary
The European Commission may break up Google’s adtech business after it sent a formal statement of objections for suspected anti-competitive conduct in its adtech business. The Commission is looking at breaking up Google’s adtech as the only viable solution to resolve its dominance of both the buy and sell sides of the adtech market combined with its ownership of an ad exchange, according to EU EVP Margrethe Vestager.

Fact

🔍 The European Commission may break up Google’s adtech business.

💻 Google appears to have abused its dominance in the buy and sell sides of the adtech market.

👩‍💼 The investigation shows Google applied restrictions on the ability of customers to use third parties to access data about user identity or behaviour.

🚫 The Commission found Google did not place bids on many ad exchanges and placed Google bids almost exclusively on its own ad exchange.

💰 Vestager said these behaviors identified meant Google could afford to keep its commission high without losing advertisers.

Source: OctoML launches OctoAI, a self-optimizing compute service for AI

Summary
OctoML launches OctoAI, a self-optimising compute service for AI, emphasising generative AI. OctoAI helps businesses build ML-based applications and put them into production. The service abstracts away ML infrastructure complexity and automatically chooses the best hardware to use.

Fact

💻 OctoAI is a self-optimizing compute service for AI.

🚀 The new platform helps businesses build ML-based applications without worrying about the underlying infrastructure.

🤖 OctoML offers self-accelerated versions of popular foundation models, including Dolly 2 and Whisper.

📈 Stable Diffusion, for instance, ran three times faster and reduced the cost by five times when working with OctoAI.

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