During a press briefing today in San Francisco, Google launched the Chrome application store and demonstrated Chrome OS, its browser-centric netbook operating system.

Google says that the number of Chrome users has climbed to 120 million, growing significantly over the past year. Chrome’s emphasis on speed was cited as one of the most significant factors driving its popularity. Performance will continue to be one of the defining priorities of Chrome development as Google works to make the browser a compelling application platform.

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Google demos Chrome OS, launches pilot program