Alphabet rolls its Nest smart home unit back into Google
Jillian D'Onfro for CNBC: Alphabet is rolling its smart home unit, Nest, back into Google proper, the company announced in a pair of blog posts on Wednesday.
When Alphabet blew up its corporate structure in 2015, Nest was regarded as one of the model "Other Bets," but the unit subsequently experienced product struggles and the departure of its CEO. Meanwhile, Google increased its own focus on the home with its line of smart speakers, which compete with Amazon's Echo products.
The company writes that by bringing Nest back into Google, it can "supercharge Nest's mission." Nest's current CEO, Marwan Fawaz, will now report to Google hardware chief Rick Osterloh, and the merger will mean that Google's artificial intelligence, like its smart assistant, will be better baked into Nest products, CNET reports. Full Article:
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