• Xiaomi's five-year plan is a $1.5 billion bet on smart homes

    10 days ago - By Tech Crunch

    Xiaomi, the Chinese company best known for budget phones, is betting big on a future of connected homes. It plans to plough at least 100 billion yuan, or $1.48 billion, into the so-called “AIoT” sector over the next five years, founder and chief operating office Lei Jun announced on Friday .
    AIoT, short for “AI + IoT,” is an upgrade from devices connected to the internet, known as the Internet of Things. AIoTs are intelligent, run on automated systems and can learn from users' habits, like lights that automatically turn on when you get home.
    “We see a future where all home devices will be...
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  • We talked to the top scientist at Alphabet's life-sciences company about the common thread uniting all its seemingly random health projects - and how she plans to spend $1 billion

    We talked to the top scientist at Alphabet's life-sciences company about the common thread uniting all its seemingly random health projects - and how she plans to spend $1 billion

    10 days ago - By Business Insider

    Verily, the enigmatic life-sciences company formerly known as Google Life Sciences, recently raised $1 billion and appears to have its hands in a wide range of health initiatives.
    The company is building advanced contact lenses; releasing hordes of bacteria-infected mosquitoes in Fresno, California; and building a watch that helps researchers gather data for clinical studies.
    Verily's chief medical officer told Business Insider there's one thread that unites all of its projects: information.
    From an outsider's perspective, the researchers at Google-affiliated health-tech company Verily...
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