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Counter Google expansionism
The EU has approved a German R&D grant to come up with Internet search technologies that could take on Google.
The $165 million is earmarked for the Theseus research project which is a German arm of what the French call Quaero. The project wants to develop the world's most advanced multimedia search engine for the next-generation Internet.
Initially, the German government would pay several "icebreaker" companies including Siemens AG, SAP AG, Deutsche Thomson oHG and EMPOLIS GmbH, owned by Bertelsmann AG to kick start research. Later, the German funding would be spread out to small and medium businesses for them to build on the earlier research.
France wants to give $112 million to research led by French video-technology company Thomson for a similar project.
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