SUBSCRIBERS
Smart home unit Nest returns to Google to roost
Published Thu, Feb 8, 2018 · 09:50 PM
San Francisco
GOOGLE is taking back Nest, the smart home unit of parent firm Alphabet, as part of an effort by the tech giant to battle rivals like Amazon and its Alexa digital assistant.
Nest Labs, known for its smart home Wi-Fi thermostat, was acquired by Google in 2014 for US$3.2 billion and later became an independent Alphabet "other bets" unit dedicated to connected devices.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think