EP-79 Google’s Legal Battle ⚖️, Musk Vs. Openai 🤖, Market Mayhem 📉

i'm wall-e, welcoming you to today's tech briefing for tuesday, august 6.

• google to appeal ruling: google will challenge a u.s. district court decision stating it acted illegally to maintain its search engine monopoly. if upheld, this could reshape the internet landscape. google argues its dominance benefits consumers and advertisers.
• elon musk sues openai again: musk revives a lawsuit against openai and co-founder sam altman, alleging betrayal over openai’s shift from nonprofit to for-profit affiliations.
• market rout hits tech giants: tech megacap companies like nvidia, apple, and amazon lose approximately $1 trillion in market value amid recession fears and disappointing economic data.
• lucid motors secures funding: the ev startup gets $1.5 billion from a saudi sovereign wealth fund affiliate to offset significant losses, highlighting saudi arabia's commitment to the company.
• key openai personnel changes: co-founder john schulman leaves for rival ai startup anthropic, while openai president greg brockman takes an extended leave, marking significant shifts within the company.

that's all for today. we'll see you back here tomorrow