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Google 'disturbed' by growth of YouTube

Schmidt says YouTube has become a monster

The rate of video being uploaded to Google's YouTube video-sharing site is "disturbing", according to Google CES Eric Schmidt.

Speaking to journalists in Sydney, Schmidt said 10 hours of video is uploaded every second to the company's video-sharing site. "It's moderately disturbing, I think. It gives you a sense of the scale YouTube has become."

Asked about how Google will generate income from the site, Schmidt said the company has not yet found the perfect monetisation strategy so far.

"Our primary focus is on the users, not on the revenue side."

He said there are a series of tests that the YouTube engineers are working on which are quite different from the way in which people have traditionally thought about monetising products.

See also: YouTube releases APIs to developers

"So where Google works is we try things until we find something that really works well. So we are in that period now. I am quite confident that we will invent something really compelling."

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