Google, Microsoft to Fund $7.5 million Internet Lab
Google, Microsoft and Sun Microsystems will together fund a new $7.5 million internet research laboratory. This funding is to help entrepreneurs introduce groundbreaking ideas to mass audiences.
Google, Microsoft and Sun Microsystems will provide $7.5 million, collectively, to fund research at a University of California, Berkeley, laboratory. The University will use the money to focus on next-generation Internet technology.
According to David Patterson, the founding director of the RAD lab, the lab is designed to create technology for use by inventors and entrepreneurs who will be developing broad-based services like the kind offered by eBay or Amazon.
Patterson said that the lab’s goal is to perform such tasks and invent new tools for smaller groups or entrepreneurs and “We can help do this by applying statistical machine learning to the development of computer systems”. [source]
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