There is a rumor spreading around regarding Google's next venture. Said rumor revolves around the company's new philanthropic venture, which is given a starting fund worth $1 billion. The venture aims is to alleviate the aftermath of poverty, maladies and global warming. Nonetheless, what is strange about said venture is that it will be made for profit and the same will be taxable.

The buzz contemplates of Google.org's plan to develop a fuel-efficient hybrid car engine that will run on ethanol, gasoline and electricity. The organization is said to be currently consulting with some auto giants and scientists to thrust the venture. In addition, Google is also alleged of arranging a purchase of a small fleet of cars, which will be used in studies and conversions of engines aimed at trimming down the ill effects of global warming and oil dependence.

Page and Brin, founders of Google consider that the profitability status of the venture will very much augment the philanthropy's range and flexibility. Further, founders have chosen Dr. Larry Brilliant, a 61-year-old multi-awarded physician, to take charge of the endeavor.