Sidewalk labs, which will be based in Newyork, posted a statement on Wednesday stating, “The organization will develop technology at the intersection of the physical and digital worlds”.
“We’re already seeing technology help United States understand how to make a city better by tracking traffic patterns, for example”, CNET tech reporter Bridget Carey told CBS News. The company’s goal is to improve city life in a number of ways through technological progress. He didn’t disclose the amount, but compared Sidewalk Labs to Google X, Google’s research lab, and Calico, a Google-funded company that is researching health and aging. “Making long-term, 10X bets like this is hard for most companies to do, but Sergey and I have always believed that it’s important”, Google co-founder and CEO Larry Page stated on his Google+ page.
So far, very few details are known about Sidewalk Labs project, as Google has yet to reveal how much it invested in it. But even so, the startup comes in a time when urban populations keep increasing, demanding more efficient transport and energy sources.
This new venture by Google will be taking care of the problems encompassing urbanization – it includes enhanced transportation system, less power consumption, and reduced livelihood cost.
He indicated that Skywalks Labs will tackle the increasing interconnectedness of modern cities. Google is arguably responsible, at least in part, for some of those same urban problems, at least in the Bay Area.
“We hope that Sidewalk will play a serious position in creating know-how merchandise, platforms and superior infrastructure that may be carried out at scale in cities all over the world”. Google says that this will be a long-term investment, so we would rather not hear about any of its products or news anytime soon. With Dan’s expertise in technology and city development, Sidewalk Labs will be in good hands.
Google CEO Larry Page said that the company’s investment in Sidewalk Labs is relatively modest, but he is optimistic that it can address urban living issues in a more rounded way. As the CEO of Bloomberg LP, the leading provider of financial information, Dan led the company through the financial crisis, almost doubled company revenue in seven years, diversified into new products and markets and dramatically increased the size and influence of its news organization.
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