This is actually a pretty good talk (set of talks), at least so far. The talk prior to the one pictured above indicates that the brute force approach to machine translation of text really seems to be paying off. (This is not to say that the Googlers have no smarts or cleverness by any means. In fact, it is quite encouraging to see someone get usable results by setting aside the perennial a-true-AI-is-just-around-the-corner approach.)
[Added] A bonus from watching the above video: At about the 42 minute mark, I learned a new word, and consequently, I am now able to state with confidence that doing quefrency alanysis and liftering on a cepstrum are operations no longer restricted to Dr. Spooner.