Update: Google expands venture fund to $300 million

Google has expanded the size of Google Ventures’s annual fund from $200 million to $300 million annually, which will allow the firm to expand the scope of its deals and increase its presence as a major venture capital firm since its founding in 2009.

Google wants developers to take a leap with Project Glass

Google doesn’t mess around: The company demoed its Project Glass hardware with a live skydiving demo at Google I/O Wednesday. It also announced that developers are going to be able to pre-order Glass for $1500 – but said little about what Glass will actually offer.

What the web is saying about Sergey Brin and openness

Comments by Sergey Brin that seem to suggest that Facebook and Apple are almost as much of a threat to the open web as China and Saudi Arabia have provoked all sorts of reaction online. Here’s what people are saying about it.

Google still having to prove it’s ready for mobile

One year into the second coming of Larry Page, a lot has changed but one thing hasn’t: Google is still making boatloads of money off its core search product and still having to face questions about whether it is prepared for its world to change.

Today in Connected Consumer

With one day to go before the House Judiciary Committee is scheduled to vote on the controversial Stop Online Piracy Act, the maneuvering around the bill is going hot and heavy. On Tuesday, committee chair and chief sponsor of the bill Rep. Lamar Smith introduced a so-called manager’s amendment that tweaked a few of the most controversial in hopes of peeling off some the opposition to the overall bill. Advocacy groups in Washington that were opposing bill were unimpressed, however, and are still opposing it. Several tech heavyweights, including Google’s Sergey Brin, eBay co-founder Pierre Omidyar, along with some leading VCs from Sand Hill Road, fanned out across Capitol Hill yesterday to try to rally opposition to the bill. Meanwhile, Rep. Darrell Issa today is expected formally to introduce the Online Protection and Enforcement of Digital Trade (OPEN) Act, an alternative bill designed to give Congressional opponents of SOPA a vehicle for voting in support of an anti-piracy measure without having to vote for SOPA itself. Your tax dollars at work.

Page As CEO. Is That What Google Really Needs?

Google CEO Eric Schmidt is stepping down to become executive chairman of the web giant, and Larry Page is taking back the chief executive position he had until Schmidt arrived in 2001. But does the Google co-founder have what Google needs right now?

Eric Schmidt Replaced by Founder Larry Page as Google CEO

Google announced that it is reorganizing its executive staff, making co-founder Larry Page CEO while current CEO Eric Schmidt will assume the role of Executive Chairman. Meanwhile, co-founder Sergey Brin will focus on strategic and new projects.