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Eric Schmidt (c) Getty Images

On Thursday Eric Schmidt gave a fascinating talk on technological innovation, in which he warned that broad range of jobs that once seemed beyond the reach of automation are in danger of being wiped out by technological advances.

I raised two questions to neither of which in my view did I receive a good answer.

First, we see IT everywhere, except in the productivity statistics. It is really quite hard to reconcile the idea of a dramatic technology revolution with stagnant or near-stagnant productivity in high-income countries.

What is going on? Is most of the revolution in household production? Or is GDP even more mis-measured than usual?

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Hannah Kuchler

Yahoo has lost its chief operating officer who was in charge of steering the internet company’s advertising business, as it continues to lose share in the digital ad market.

Henrique de Castro is leaving swiftly after reports he fell out with Marissa Mayer, who poached him from her former home Google as part of her turnaround plan for the purple-plastered companyRead more

The internet search startup, which went on to resemble a media company with its content services, is becoming all about the hardware these days. Read more

Tim Bradshaw

In an interview on Monday afternoon, Nest’s co-founder and chief executive Tony Fadell told the FT that he sold the “smart home” company to Google because he wanted to focus on new product innovations, not worry about managing the behind-the-scenes infrastructure that handles all the data generated from its “Learning Thermostat” and “Protect” smoke alarm, and to ensure the company stays ahead of mounting competition. Read more

Sarah Mishkin

Google will double its investment in a new data centre it is building in Taiwan as internet use in Asia rockets beyond what the US internet group predicted a few years ago when it first planned the site, one of its first two data centres in Asia.

The search company already invested $300m in the massive centre on a flat plain outside a city in central Taiwan, and says it will double that in the next stages of the data centre’s development. Read more

So this is it. Google’s revised offer to settle the European Commission probe into its search business has been described extensively in the press. But the actual text and screenshots of how new Google searches will look under the proposal were not published, much to the annoyance of the complainants asked for confidential feedback. One of the parties has decided to revolt and set the documents free. We’re publishing them here in full.

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The three-year Brussels probe into Google’s search business seems to be meandering towards a thundering anticlimax. With every legal twist, revised settlement offer and procedural shuffle, the case is losing the zip that made it a cause célèbre in the antitrust world. The opposing camps, meanwhile, appear ever more entrenched and polarised. Nobody is satisfied.

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Richard Waters

First, for Google’s opponents, let’s look on the bright side.

The company’s tentative deal with European regulators in April to head off a formal anti-trust complaint was, according to critics, worse than useless. In the words of Silicon Valley lawyer Gary Reback: “They were Nowheresville”.

Tuesday’s revised deal at least fixes the most glaring flaws. Whether it will do anything meaningful to change the competitive situation is another matter. Read more

Robert Cookson

If any single piece of technology underpins the $100bn global online advertising market, it is the cookie.

So news that Google plans to ditch cookies and replace them with its own tracking solution has big implications for advertising technology companies and the venture capital funds that have poured billions of dollars into the sector in recent years.

Rocket Fuel, a real-time ad-buying platform that went public in the US this week, and Criteo, a French ad tech company that this week filed for an IPO on Nasdaq, have both warned about the reliance of their businesses on cookies. Read more

Hannah Kuchler

Google has lost an appeal in a case about its controversial Street View feature, after a panel of judges rejected its claim that wiretapping laws did not apply to its accidental interception of household WiFi data.

The long-running case came to a head on Tuesday when the 9th US Circuit Court of Appeals found that private Wi-Fi networks could not be considered radio communication. Google had argued household wireless internet should be considered in the same category as radio, as data “readily accessible to the general public”, which would make it exempt from the Wiretap Act.

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