Google Makes Its ‘Nest’ In Data-Collection Tech

By  |  January 14, 2014
 | 

Google is continuing its rapid pace of acquisitions with the purchase of Nest Labs, maker of smart domestic appliances like thermostats and smoke detectors.

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    New York Magazine’s Kevin Roose speculated that Google may be after Nest’s data-collecting technology, which is built into its appliances and can gather a wide range of information about a home’s occupants.

    The deal closed for $3.2 billion in cash.

    Google recently made news for questions about the stylishness of Google Glass. Learn more about these and other weird happenings in the payments world by clicking here.

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