Jeff Jarvis explains why Google’s purchase of YouTube “makes perfect sense”. Google will become the “world’s largest TV guide” and YouTube brings a respect for the wisdom of crowds to Google’s algorithmic world.

Lost Remote TV Blog: “Fox News had some of the first live video on the air from the scene of the NYC plane crash, thanks to a cell phone held by a Fox photographer. Turns out it was a Treo running CometVision software, which is set up to broadcast live video and audio with a touch of a button – even automatically alert newsroom staffers with an email.”

Jeff Jarvis rounds up the weekend media stuff on Google’s YouTube buy. He points to Steve Rubel’s list of sites which use the YouTube API. “If you want to be big in media in the future, make yourself into an API,” he says.

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The AOP has published links to streaming versions of the keynotes from its recent conference which I blogged about last week. It’s particularly worth watching Tim O’Reilly and Carolyn McCall.

Forrester’s Charlene Li gives her take on Google’s acquisition of YouTube. In her view and astute move and not over priced.

According to WSJ.com Google’s deal to acquire YouTube for $1.65bn in stock could be announced as early as tonight. As the 19-month-old company has just 67 employees, that $24.6m for each of them (assuming equal shares)!

Neil Armstrong may have thought he fluffed his lines, but an Australian researcher has now found the infamous “a” which was thought missing from “a small step for man; a giant step for mankind”. Gives a whole new slant to machine intelligence.

Simon Robinson from ICIS has just launched blog on biofuels. ICIS have being producing quite a few alternative product pricing reports lately and this blog is an attempt to gather together parties interested in alternative fuel around a blog. It could just be the next big thing…

The current issue of Wired has a feature on Ray Ozzie, the man who will take over the spiritual guidance of Microsoft from Bill Gates next summer.

Internet search leader Google is in talks to acquire the popular online video site YouTube for about $1.6 billion, the Wall Street Journal reported Friday, citing a person familiar with the matter. (from Wired News)