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Google, Goldman Sachs and Hearst have put $100 million in a startup that will provide broadband over power lines.

Comcast and Verizon lobbyists are joining forces to warn against this dire threat to continued human existence.

[Ryan Block from Engadget] puts it like this :

"Listen up, Google's sick of you slowing up their operations with your dialup service, making their servers wait around to send the results of the 800 searches you each perform every day. So they're stepping it up by dropping $100 million into Current Communications Group, LLC (along with The Hearst Corporation, and Goldman Sachs), who are apparently England's biggest broadband over powerline company. Take that, NetZero."

Posted by Coolz0r

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Nathan Weinberg writes the popular InsideGoogle blog, offering the latest news and insights about Google and search engines.

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