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Daily Dashboard | Google Acquires Nest for $3.2 Billion Related reading: The latest on the shift away from cookies

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Google has announced it will acquire Nest Labs—maker of smart home thermostats and smoke alarms—for $3.2 billion, according to a Google Investor Relations blog post. Nest CEO Tony Fadell said, “We’re thrilled to join Google. With their support, Nest will be even better placed to build simple, thoughtful devices that make life easier at home and that have a positive impact on the world.” According to The New York Times, Nest’s products use software, hardware, sensors and algorithms to learn the behavior of home dwellers in order to program a home's system and allow users to remotely access and control it. Fadell said Google has agreed that Nest’s privacy policy will remain unchanged. “That was a major concern or question we had,” he said, “and they have done an amazing job convincing us that our privacy policies are going to be well-respected in their organization.”
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