Google CEO Larry Page announced a new Google Startup +Sidewalk Labs. Sidewalk will focus on improving city life for everyone by developing and incubating urban technologies to address issues like cost of living, efficient transportation and energy usage. The company will be led by Dan Doctoroff, former CEO of Bloomberg and Deputy Mayor of Economic Development and Rebuilding for the City of New York. Every time Larry Page talks with Dan he feels an amazing sense of opportunity because of all the ways technology can help transform cities to be more livable, flexible and vibrant.
While this is a relatively modest investment for Google and very different from Google's core business, it’s an area where Larry hopes they can really improve people’s lives, similar to Google[x] and Calico. Making long-term, 10X bets like this is hard for most companies to do, but Sergey and Larry have always believed that it’s important.
new technologies- including ubiquitous connectivity and sharing,the internet of things, dynamic resource management and flexible buildings and infrastructure - are emerging to allow cities and citizens to tackle problems in real time.
New technologies are already transforming commerce, media and access to information. However, while there are apps to tell people about traffic conditions, or the prices of available apartments, the biggest challenges that cities face -- such as making transportation more efficient and lowering the cost of living, reducing energy usage and helping government operate more efficiently have, so far, been more difficult to address.
Sidewalk Labs will develop new products, platforms and partnerships to make progress in these areas.
Announcing the new company, Dan said: “We are at the beginning of a historic transformation in cities. At a time when the concerns about urban equity, costs, health and the environment are intensifying, unprecedented technological change is going to enable cities to be more efficient, responsive, flexible and resilient. We hope that Sidewalk will play a major role in developing technology products, platforms and advanced infrastructure that can be implemented at scale in cities around the world.”
Larry Page said: “By improving urban technology, it’s possible to significantly improve the lives of billions of people around the world. With Sidewalk, we want to supercharge existing efforts in areas such as housing, energy, transportation and government to solve real problems that city-dwellers face every day. Every time I talk with Dan I feel an amazing sense of opportunity because of his passion for all the ways technology can help transform cities to be more livable, flexible and vibrant. And when you combine that with his experience as an investor, in NYC government, and as CEO of the large information company Bloomberg LP, I can’t imagine a better person to lead these efforts.”
SOURCE - Sidewalk Inc, Google Plus