The boffins at Google know many things, but one of the lessons in life they have failed to grasp is that one should learn to acknowledge defeat gracefully.
Google has held out a nice, juicy carrot overnight, hoping that Australia will bite and agree to the terms that it wants for the media code that is being negotiated with the Australian Competition and Consumer Commission.
Sundar Pichai, the head of Alphabet, the parent company of Google, has announced that the company will put up US$1 billion (A$1.39 billion) for an initiative called the Google News Showcase, which would "pay publishers to create and curate high-quality content for a different kind of online news experience".
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