In addition to Chrome's existing incognito mode, which enables users to browse the web without leaving traces of website visits or downloads on their computers, users now have even more in-depth control over privacy settings with the new "Content Settings" section of Chrome's Privacy Options dialog.
Google Chrome's option dialogs also provide a link to the Adobe Flash Player Settings Manager, where users can view and control the local objects that Adobe Flash stores on their computer.
The new Chrome beta will also add a feature to help users navigate the multilingual web and will include an instant machine translation of webpages that does not require any browser extensions or plug-ins.
Users can also set an option to automatically translate all pages they encounter in a particular language.
Wieland Holfelder, Google 's engineering director in Munich, said: "Browsers are perhaps the most important piece of software for computer users today. We're innovating quickly with Chrome, and continue to work towards our three central principles: speed, security and simplicity."
The new browser launch comes in the same week Microsoft has been forced to offer millions of Windows users in Europe the option of choosing another web browser from their own Internet Explorer following a ruling by the European Commission.
After a five year investigation, the EC found that bundling IE with Windows abused Microsoft's dominant position.
The ruling potentially paves the way for other browsers to gain significant new ground in Europe, including Google's Chrome and Mozilla's Firefox.
Over the past few weeks, Google has introduced a range of Chrome Extensions from businesses in the UK, including several media properties such as Heat, Empire and FHM, INM and the Financial Times.