Google AdWords Business Product Management Director Nicholas Fox gave a keynote speech at Search Engine Strategies.
He talked about where the search industry is going, and where its been. On the history of AdWords, he says Google quickly realized that banner ads didnt make sense with search, sow they tried the text ad, and it has worked pretty well. Google is now running over a billion text ad auctions a day. Fox says there are about 100 billion pages on the web, 500 billion images on the web, and 20 hours of video uploaded every minute.