SAN FRANCISCO--He wasn't on the program, but nobody was disappointed that Google co-founder Sergey Brin showed up at the Web 2.0 Summit on Thursday afternoon and agreed to sit down for an onstage chat with conference organizer John Battelle.
Sergey Brin, Google co-founder
(Credit: Google)Battelle said Brin had been extended an invitation to speak but turned it down, to which Brin joked, "I didn't say no, I just never responded."
But it was an appropriate time to hear from one of the minds behind Google because one of the most evident trends at the conference is that the search market is heating back up. On Wednesday alone, Microsoft announced a partnership with Twitter and Facebook for real-time search results, Google announced a similar deal with Twitter, and Google executive Marissa Mayer previewed a new "social search" feature in Google Labs.
Brin talked about the new competition with a "bring it on" attitude. "I think what Bing has reminded us is that search is a very competitive market," he said. "There are many interesting companies out there." He said he's disappointed that Yahoo is retreating from the fight and planning to strike a deal with Microsoft instead.
"I think Yahoo had a number of innovations there, and I wish they would continue to innovate in search," Brin said. He didn't go into specifics.
Yahoo CEO Carol Bartz had been slated to speak at the conference on Wednesday but canceled at the last minute, citing a bad case of the flu.
Copyright reform advocacy group Creative Commons announced on Thursday that it has received a gift from Google co-founder Sergey Brin and his wife, Anne Wojcicki--to the tune of $500,000.
"This gift--made in addition to the financial support that Google offers CC annually--will be used to support Creative Commons generally," a blog post from Creative Commons read, "with a focus on developing our Science Commons project, which Wojcicki and Brin are particularly excited about."
Wojcicki is the co-founder of genetics start-up 23andMe.
Creative Commons founder Lawrence Lessig stepped down from the organization last year in order to focus on a new initiative, Change Congress. But at the same time that it announced Lessig's departure, the organization also announced a $4 million grant from the William and Flora Hewlett Foundation.
Creative Commons unveiled the Science Commons project in 2004, aiming to steer the nonprofit's efforts into the world of patents and scientific research.
Larry Page and Sergey Brin have ruled Google in a triumvirate with Chief Executive Eric Schmidt for years, so what should be inferred from the fact that the company's co-founders were absent from Thursday's conference call to discuss Google's relatively strong fourth-quarter results?
Probably not too much.
Brin and Page have been a public face of the company, and sharing financial results is an important part of how a company presents itself publicly. In announcing the co-founders' absence from the call, Schmidt said, "They continue to focus on technology and product innovation which, of course, they do so very, very well."
Despite the change, there's no difference in the co-founders' status, job descriptions, or roles at the company, Google spokesman Andrew Pederson said.
And honestly, it's not a bad thing. Computer science Ph.D.s, even ones who have responsibility for running a company, have better things to do than fend off Wall Street questions about foreign-exchange hedging. Companies hire chief financial officers for that kind of thing. Indeed, many companies don't even put the CEO on the conference call.
And in a way, Thursday's change has been phased in. Page and Brin were present on the conference call to discuss Google's first-quarter earnings from 2008, but only Brin made an appearance for the second- and third-quarter calls.
Google co-founder Sergey Brin launched his personal blog on Thursday with some sobering news: he carries a particular genetic mutation that means he's much more likely than average to get Parkinson's disease.
Google co-founder Sergey Brin
(Credit: Stephen Shankland/CNET News)The inaugural post on Brin's blog, too.blogspot.com, is titled "LRRK2" after the gene that he found carries a mutation called G2019S, which, "while rare even among people with the disease, accounts, in some ethnic groups, for a substantial proportion of familial Parkinson's," Brin said in the blog post.
"It is clear that I have a markedly higher chance of developing Parkinson's in my lifetime than the average person. In fact, it is somewhere between 20 percent to 80 percent, depending on the study and how you measure," Brin said.
Brin's mother and her aunt both have Parkinson's, and recent research has uncovered a genetic link in some cases of the disease, Brin wrote. And through the services of start-up 23andMe, co-founded by his wife, Anne Wojcicki, and Linda Avey, he found that he carries the same mutation. The research is still early, though, he said. And he had an optimistic take on the news.
"I feel fortunate to be in this position. Until the fountain of youth is discovered, all of us will have some conditions in our old age, only we don't know what they will be. I have a better guess than almost anyone else for what ills may be mine--and I have decades to prepare for it," Brin said. And, he added, "research into LRRK2 looks intriguing (both for LRRK2 carriers and potentially for others)."
Brin said the knowledge gives him some power.
"I know early in my life something I am substantially predisposed to. I now have the opportunity to adjust my life to reduce those odds (e.g. there is evidence that exercise may be protective against Parkinson's). I also have the opportunity to perform and support research into this disease long before it may affect me," he said. "And, regardless of my own health, it can help my family members, as well as others."
MOUNTAIN VIEW, Calif.--The national and global economy is suffering something between a setback and a meltdown, but Google's top executives said Wednesday they're bullish about Silicon Valley's economic prospects.
Google CEO Eric Schmidt
(Credit: Stephen Shankland/CNET News)"This is the sixth or seventh cycle I've seen in Silicon Valley. I think we're better positioned than ever," Chief Executive Eric Schmidt said of the Silicon Valley region during a meeting with reporters at the company's headquarters here.
Schmidt specifically said the venture capital community is more sophisticated and that a Northern California start-up can reach scale more easily. "Young people out of Stanford and Berkeley--they're able to get money early. Google is one of a long procession," he said. "I think it's completely due to the weather," he quipped, saying people get hooked on Silicon Valley's nice climate.
"I don't think there's anywhere else you'd rather be," added co-founder Larry Page. "We're investors in Tesla, for example. It's pretty amazing you can drive an electric car with a 220-mile range. Those are produced here. I don't see those anywhere else in the world."
With the credit crunch spreading from banks with subprime loans to hallowed Wall Street firms and beyond, the U.S. government has been bailing out major companies, notably with an $85 billion loan to insurance giant American International Group. On Thursday, central banks from the United States, Japan, Europe, England, and Switzerland began pumping out money to try to contain the crisis.
Plenty of cash
Regarding Google specifically, though, Schmidt said the company is in a good position to weather the economic storm. He gave himself some wiggle room, in case things get truly disastrous.
"The company has a very large amount of cash in very, very boring and secure investments. That was the right decision then and especially the right decision now. As a company, we're fine," Schmidt said. "The things that could affect us is if it affected our customers...If this debacle caused a huge change in economic situation, that could affect us."
Google co-founder Larry Page
(Credit: Stephen Shankland/CNET News)So there are signs of cold feet among the advertisers from which Google gets the vast majority of its revenue? Tim Armstrong, Google's president of advertising and commerce for North America, wouldn't answer specifically.
"In general, it's something we watch closely, but we've seen in multiple cycles we've gone through (that) as companies get concerned about what they're spending and how they're spending, they move toward more accountable platforms," Armstrong said. "Some companies have shifted even more money to the digital landscape. We have one of the most transparent, accountable models in the digital landscape," and Google is working to bring its ad system to newspapers, TV, and radio too.
There goes another bubble?
Although he's bullish overall, Schmidt said the current investor excitement around new Internet companies--he deliberately shied away from the term "bubble"--is waning. "There's clearly some slowdown in Web 2.0," Schmidt said.
That's fine with co-founder Sergey Brin. "The worrisome disease states of Silicon Valley were the bubbles. When it's too easy to get money, then you get a lot of noise mixed in with the real innovation and entrepreneurship," he said. "Tough times bring about the best."
Going green and clean
One current reinvention of Silicon Valley is its adoption of green technology such as new solar-panel technology; Google itself has invested in several renewable-energy start-ups. Page pointed specifically to geothermal energy as technology that could help in many areas around the world.
Google co-founder Sergey Brin
(Credit: Stephen Shankland/CNET News)"If you dig deep enough, you get heat," Page said. "We need to make drilling cheaper," though when Google looked for start-ups trying to reduce the cost of drilling, it found only about 10 people working on the area.
Schmidt added that green and clean technology start-ups are in a business that resembles earlier phases of Silicon Valley entrepreneurship.
"Clean tech is a little more like the semiconductor business. The amount of capital required to do it is significantly higher than in the IT (information technology) businesses I've been involved with. The economics for clean tech may not be the same as the Google economics. There are higher capital costs, longer supply chains, inventory risks, more manufacturing, and also the need to build that expertise in companies," Schmidt said. And though manufacturing costs also can be high, science and research can be done in Silicon Valley, and manufacturing elsewhere, as happens with the computer chip business, he added.
Disclosure: Stephen Shankland is married to a Tesla Motors employee.
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