Word Lens augmented reality app instantly translates whatever you point it at

Augmented reality and optical character recognition have just come into their own, beautifully intertwined into an instant translation app for the iPhone. Download Word Lens, pay $4.99 for a language pack, then point it at a sign and watch as it replaces every word with one in your native tongue. It's a little bit like Pleco, but without the whole language learning stuff. We just gave it a spin, and while it's not quite as accurate as this video claims, it's still breathtaking to behold -- especially as it doesn't require an internet connection to do any lookup. Sadly, it only translates to and from English and Spanish for now.

Another Key Feature Of Google +1: Massive-Scale Social Video Conferencing

Over the past few weeks, we’ve been able to dig up a bunch of details about Google’s secret forthcoming social service. The service, previously codenamed “Emerald Sea” but currently being called “+1“, essentially seems to be a toolbar that exists along the top of Google’s various properties to allow for easy sharing. 

But there’s also quite a bit more to it, based on what we’ve been hearing. For one thing, we’ve been hearing a bit of talk about specific mobile applications, which may or may not be called “Loop” — after one of the key features of +1 (think: groups). But another feature of +1 is apparently large-scale video conferencing. Hit read more for details.

Google Takes Another Big Step to Retain Employees: Autonomous Business Units

There’s a lie that companies and entrepreneurs tell themselves in order to commit to an acquisition.

Oh, we’re not going to change anything! We’re just going to give you more resources to do what you’ve been doing even better!

Yeah! They bought us for a reason, why would they ruin things?

It usually works for a little while, but big company bureaucracy– whether it’s HR, politics or just endless meetings– almost always creeps in. It’s a law of nature: Big companies just need certain processes to run and entrepreneurs hate those processes because they stifle nimble innovation.

Google has a new policy to fight it, according to several sources close to the company. Hit read more for details.