Google Spends $3.2 Billion To Control Every Object In The House Of The Future.(MotherboardVice)
After investing millions into smart thermostat company Nest, a shining star of the "internet of things" megatrend, Google just bit the bullet and decided to buy the company today, for an impressive $3.2 billion in cash. Google being Google, it’s staying tight-lipped about how the purchase fits into its grand plan. But considering some of the other moves the company's been making lately, it's not hard to speculate what it's angling at here.
Buying Nest is Google's play for one of the holy grails of future tech trends: the connected home. It's the tech giant's way into your living room, as the parlance goes. The vision of an automated home stocked with sensor-equipped objects gathering data about your every lifestyle habit and talking to each other to cater to your needs is a technoutopian dream that won't die. Not to mention it's estimated to be a multibillion dollar market over the next few years.Read the full story here.
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