Google, Microsoft, Sun to Fund New Internet Lab

brajesh writes "Yahoo! News has an AP story about Google, Microsoft and Sun Microsystems coming together to back a new Internet research laboratory aimed at helping entrepreneurs introduce more groundbreaking ideas to a mass audience. The Reliable, Adaptive and Distributed Systems or RAD lab is scheduled to open Thursday and will dole out $1.5 million annually over five years, with each company contributing equally. From the article : 'Conceivably, the lab's services could help launch another revolutionary company like online auctioneer eBay Inc. or even Google, which has emerged as one of the world's most valuable companies just seven years after its inception in a Silicon Valley garage.'"