Internet search giant Google has announced the launch of a venture capital fund to back “young companies with truly awesome potential.”
Google , which has invested in many start-ups over the years, announced late Monday that it is creating a venture capital arm whose main objective will be to turn a profit.
Google Ventures, whose main objective will be to turn a profit, is expected to invest up to $100 million over the next 12 months.
Google Inc is forming a $100 million fund to invest in early-stage start-up firms.
Despite the current economic situation, Google is looking to invest in promising start ups. The search engine giant on Tuesday announced the start of Google Ventures, its new venture capital fund.
H-P is considering Google’s Android OS for its new crop of netbooks, according to a report.
Wikia Search, Jimmy Wales’ long-shot attempt at disrupting Google’s search-engine dominance, is closing on Tuesday.
When Jimmy Wales, the driving force behind the hugely successful Wikipedia, rolled out Wikia Search, a community-built search engine, 15 months ago, he said that his goal was to build a “Google-quality search engine” over time.
Google is launching a $100 million venture capital fund to develop start-up companies in a range of industries, the company announced Monday night in a blog post.
Google’s new China music search feature will solidify its foothold in the world’s biggest Internet market, but massive music piracy could spoil hopes of catching up to market leader Baidu, analysts said.