Nest, the Alphabet company focused on building Internet of Things (IoT) products for the home that was acquired last year by Google for $3.2 billion, looks to be close to introducing an updated Nest Thermostat. That comes from an FCC regulatory filing first spotted yesterday by Business Insider.
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We all know that Google is BIG, BIG, BIG, but just how big is Google these days? During a keynote at Ignition 2013, Business Insider CEO Henry Bloodroot presented a slide that shows Google on course to exceed the revenues of both magazines and newspapers this year. In fact, almost all of Google’s expected $60 billion in revenue will come from advertising this year.
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A jury decided this last month that Google did not infringe upon Oracle’s patents, but it has recently come to light that Oracle must pay Google’s steep legal fees accrued during the trial.
Oracle, a database software giant based in Redwood City, Calif., sued Google in August 2010, while alleging the Android operating system violated a number of patents and copyrights within Java, which Oracle acquired through Sun Microsystems. Android currently powers more than 150 million mobile devices. Google, based in Mountain View, Calif., adamantly denied Oracle’s contention, and claimed the Android team was unaware of Sun’s patents before the suit.
Google spokesperson Jim Prosser told Business Insider that Oracle did not succeed in landing a $6 billion settlement from Google, but it did win the responsibility of paying Google’s $300,000 in legal expenses.