Monday, March 17, 2008

EU taxpayers to fund $306m Google rival

Mike Butcher writes on Techcrunch.com that "twenty-three European private firms led by electronics firm Thomson are about to get EUR99m ($152m) from the French government to develop a European rival to Google. The European Commission approved the funding because it thinks the research and cultural benefits of the Quaero project will offset the fact that they just handed a ton of cash to Thomson to give it a head start".

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