Google’s smart contact lens one step closer to reality as licensing deal signed

Hand holding

Google’s vision (sorry) of smart contact lenses that monitor glucose levels in diabetics are one step closer to reality as it signed a commercial licensing deal with Alcon, the eyecare division of the pharmaceutical giant Novartis.

The lens uses sensors to measure the glucose content of tears and transmit that data to a smartphone app that automatically alerts users if their levels are too high or too low. Google reported back in January that it has completed several clinical trials, and that it would be partnering with other companies to manufacture the devices …  Read more

Google’s co-founders on how they nearly sold the company, how they differ from Apple & more

In a ‘fireside chat’ with leading venture capitalist Vinod Khosla, Google co-founders Larry Page and Sergey Brin talked about the moment they thought they’d sold the company to him for $1.6M.

There were four of us at the time – four grad students at Stanford. I remember, we fired off this note to Vinod. It was just a little e-mail that said, “We really don’t want to sell, but for $1.6 million, you got a deal.” And a few minutes later, we got a reply that said, “That’s a lot of dough, but ok we’ll do it.” That’s characteristic Vinod there. So then, ten minutes later, Scott – one of the four of us – comes running in, laughing. Huge grin on his face. He had faked the reply and back then, the ethics around faking emails weren’t quite the same. Anyway, so he had that big joke. The deal obviously never came to fruition, and we went our own way to build search …

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Sergey Brin: Google Glass will be a “commercial product” this year (give or take)

Sergey Brin, Google, Code Conference

While on stage at the Code Conference, Google co-founder Sergey Brin talked Google Glass with Re/Code editors Walt Mossberg and Kara Swisher. When asked about the commercial availability of the product, Brin said that he hopes it will be available to all consumers by the end of the year. He remarked that “Google Glass will be a commercial product this year…plus or minus.” The timeline for Glass has been a bit cloudy since its announcement, but hopefully Google finally follows through this time around.

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Live blog: Google co-founder, Google[X] leader Sergey Brin at Code Conference

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We’re live on the scene at the Code Conference, and now that Microsoft CEO Satya Nadella has finished up his interview and demonstration, Google co-founder and Google[X] leader Sergey Brin has entered the hot seat. Re/code’s Walt Mossberg and Kara Swisher are interviewing Brin, and you can find our live updates from the interview below:

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100 billion searches a month, but a million miles to go, say Google founders

future

In Google’s annual Founders Letter, Larry Page revealed that Google was handling more than 100 billion searches a month, but said that the service was still “a million miles” from the service he’d like to see Google become.

In many ways, we’re a million miles away from creating the search engine of my dreams, one that gets you just the right information at the exact moment you need it with almost no effort.  That’s partly because understanding information in a deep way is a hard problem to solve …

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Google rewarding three top executives with bonuses of more than $3 million

Googler Patric Pichette

Googler Patric Pichette

In a filing with the SEC today, Google has revealed that it will be giving three of its top executives bonuses of more than $3 million. Co-founder and CEO Larry Page will not be awarded a bonus, nor will co-founder Sergey Brin. The two co-founders also take a salary of $1 a year, as their wealth is tied almost entirely into Google stock.

Chief Business Officer Nikesh Arora will be receiving a $3.5 million bonus, up from $2.8 million last year. Chief Legal Officer David C. Drummond will receive a bonus of $3 million, down slightly from the $3.3 million he was paid last year. Finally, Chief Financial Officer Patrick Pichette’s bonus increased to $3 million from $2.8 million.

Last month, Google announced that it had paid Eric Schmidt $6 million in cash and given him $100 million in restricted stock.

The bonuses issued to Arora, Drummond, and Pichette will be paid out on March 14th.

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