Reuters blog archive
Google executives never miss a chance to talk up the futuristic self-driving cars the company is developing.
Executive Chairman Eric Schmidt gave an update on Google’s automotive efforts during a chit-chat with reporters at the Allen & Co conference in Sun Valley on Thursday.
“We have had conversations with all of the manufacturers globally, when politicians come by we love to put them in the car and drive them around at full blast,” Schmidt said.
Schmidt even revealed that Google maintains a little race course in a parking lot, where drivers can try to outgun the self-driving cars (typically a modified Toyota Prius).
In his first appearance at the World Wide Developer's Conference as spiritual leader of the Apple faithful, CEO Tim Cook made it clear that he intends to not just further Steve Job's vision but expand upon it. It's never been more clear that Apple is intent on world domination.
Conspiracy theory? No. Try inescapable conclusion.
What else are we to make of Apple removing Google Maps from the iPhone? Google Maps was a core feature on the very first iPhone, but it will disappear in an iOS software update announced Monday at Apple's developer conference.
A change could be underway at the top at Hewlett-Packard. The company's board convened on Wednesday to discuss the possibility of ousting CEO Leo Apotheker after less than a year on the job and may appoint former eBay chief Meg Whitman to fill in as interim CEO, a source familiar with the matter told Reuters. HP's board of directors has come under increasing pressure in recent months after a raft of controversial decisions has left investors uncertain of the company's leadership.
Newly minted Apple CEO Tim Cook will try his hand as star presenter at an October 4 company event widely expected to include the launch of the latest version of the tech behemoth's iPhone handset, according to a report on AllThingD. Sources told the website that the plan is to make the iPhone 5 available to consumers within weeks of the event. Apple has yet to officially announce or even acknowledge that the new device exists at all. For those tired of yet another story about a rumored release date, there was something akin to a confirmation on Wednesday from an unlikely source: former U.S. Vice President Al Gore. Gore, an Apple board member, apparently told a tech conference that the next-generation phone will indeed be available next month. Oops?!
from Chrystia Freeland:
There’s nothing like a few revolutions to focus the mind. The lesson the world’s smartest authoritarians are drawing from Tunisia’s Jasmine Revolution and its neighborhood copycats is simple: It’s all about jobs.
“The leadership in China is always worried about how do you stay ahead of the growth to create enough jobs,” says Dominic Barton, the global managing director of consulting firm McKinsey, who has lived in Asia for much of the past decade. “They have to create over 30 million jobs a year. ... They know that if they don’t and there are disruptions and the people don’t have jobs, there will be revolution.”
It’s Kremlinology day in Silicon Valley as industry-watchers pore over the details of the two photographs released by the White House of President Obama’s big dinner with the lords of the tech world.
Who sat where, who was drinking what, and what does it all signify, were among the top questions under debate the morning after the commander-in-chief and fourteen guests broke bread at the house of venture capitalist John Doerr.
What do you do after ten years running one of the world’s most successful and feared companies?
If you’re Eric Schmidt, CEO of Google, it seems the role of television talk-show host holds some appeal. The 55-year-old Schmidt, who in April will hand over day-to-day control of Google to co-founder Larry Page, has been working on developing a show that would feature him as the host, according to the New York Post’s Page Six.
It has certainly been an interesting week in Silicon Valley as two of the most closely watched companies in the world shuffled their executive suites. On Monday, Apple announced that its chief executive and charismatic leader Steve Jobs was taking a temporary medical leave -- his third since 2004 -- a day before Apple released its quarterly results. On Thursday, Google reported a stellar Q4 and dropped that Larry Page would be stepping into the role of chief executive, as Eric Schmidt takes up the executive chairman position.
Big news, right? So it's surprising then that analysts who have the opportunity to quiz management during earnings calls failed to mention anything about the changes. Not one analyst asked about the C-suite during the Google and Apple calls. Google even made its three top executives, Schmidt, Page and Sergey Brin available for short period on Thursday's call. The three analysts in the queue pitched questions about the following subjects: Google's real estate purchase in New York, government outreach and social networking plans.
from The Great Debate:
By Jeff Jarvis
Jarvis is the author of "What Would Google Do?" and teaches at the CUNY Graduate School of Journalism. His next book, "Public Parts", will be published later this year. The miracle of Google was that it could accomplish anything—let alone become the fastest growing company in the history of the world and the greatest disruptive force in business and society today—while being run by a committee, a junta, a council of the gods. In management, as in every other arena of business, technology, and media, Google broke every rule and made new ones. It should not be a shock that Eric Schmidt has stepped aside as CEO and made room for Larry Page. Schmidt was the prince regent who ruled until the boy king could take the throne while training him to do so. We knew that this would happen. We just forgot that it would. When I interviewed Schmidt a few weeks ago and asked about pressure over privacy, China, and lobbying, he said, “This is not the No. 1 crisis at Google.” What is? “Growth,” he said, “just growth.” Scale is Google’s greatest skill and greatest challenge. It scaled search (vs. quaint Yahoo, which thought it could catalogue this web thing). It scaled advertising (vs. the media companies that today don’t know how to grow, only shrink). It is scaling mobile (by giving away Android). It has tried to scale innovation (with its 20 percent rule)—but that’s the toughest. How does Google stay ahead of Facebook strategically? The war between the two of them isn’t over social. The next, great scalable opportunity and challenge is mobile, which in the end will translate into local advertising revenue. Mobile will give Google (or Facebook or Groupon or Twitter or Foursquare … we shall see) the signals needed to target content, services, search, and advertising with greater relevance, efficiency, and value than ever. As Schmidt told broadcasters in Berlin last year: “We know where you are. We know what you like.” Local is a huge, unclaimed prize. The question is how to scale sales. I have no special insight into the Googleplex. But I have to imagine that when the company’s three musketeers sat down and asked themselves what impediments could restrain their innovation and growth, they were smart enough and honest enough to finally answer, “us.” As well as their holy trinity worked setting strategy and reaching consensus—the one thing I did hear from inside Google was that nothing happened if they did not agree—it has become apparent that Google became less nimble and more clumsily uncoordinated. Google is working on two conflicting and competing operating system strategies, Android and Chrome. It bungled the launches of Buzz and Wave. It is losing talent to Facebook. It needs clearer vision and strategy and more decisive communication and execution of it. If it’s obvious to us it had to be obvious to them that that couldn’t come from Largey- plus-Eric. Google, like its founders, is growing up. It needs singular management. So let’s hope that Schmidt did his most important job well—not managing but teaching. Now we will watch to see who Larry Page really is and where his own vision will take Google. Will he give the company innovative leadership and can Sergey Brin give it leadership in innovation? I imagine we will see a new support structure for Page built from below now rather than from the side. I’m most eager to see how he will cope with speaking publicly for the company. Schmidt’s geeky sense of humor was not grokked by media. (When he set off a tempest in the news teapot saying we should all be able to change our names at age 21 and start over with youthful indiscretions left behind us, he was joking, folks. Really, he was.) Page is even less show-bizzy. As for Schmidt: I have gained tremendous respect for him as a manager, thinker, leader. His next act will likely surprise is more than today’s act. Jeff Jarvis, author of What Would Google Do?, teaches at the CUNY Graduate School of Journalism. His next book, Public Parts, will be published later this year.
The miracle of Google was that it could accomplish anything—let alone become the fastest growing company in the history of the world and the greatest disruptive force in business and society today—while being run by a committee, a junta, a council of the gods.
By Robert Cyran
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Google has set a surprising example for chief executive succession. Usually it's the founders that step aside for professional managers. But Google's young co-founders did that a decade ago. Now, Eric Schmidt's adult supervision is no longer needed -- and Larry Page, who founded the company with Sergey Brin, is ready to run things again. This adds a fresh blueprint for Silicon Valley's new crop of geniuses.
from Chrystia Freeland:
Earlier this week at the Google Zeitgeist conference, the company's chairman and CEO Eric Schmidt said there was a divergence between his sector and the rest of the economy. While high-tech firms are currently receiving new investments, rolling out new products, and hiring new workers, the broader economy is at a standstill. "The damage that was done by the recession was much more severe than people acknowledge," Schmidt said.
As the head of one of Silicon Valley's most profitable companies and an ally of President Obama, Schmidt defended the White House from the charge that it is anti-business. He said recent events like the financial crisis and the BP oil spill showcased the need for government regulation of the private sector.