But not all of Alphabet's "other bets" have paid off. This week, Alphabet's urban planning arm Sidewalk Labsto build a high-tech city on Toronto's waterfront.
Tony Fadell, the former Apple engineer who co-founded Nest Labs, left the company the following year, after many months ofThen, in February 2018, Nest was sucked into Google's hardware division and remaining co-founder Matt Rogers announced he would leave the company. Over time, Nest became more closely entwined with Google's hardware products until – last year – Google effectively killed the Nest name entirely in favor of its own Home branding.
But in 2019, shortly after Backstory launched, Chronicle CEO Stephen Gillett announced that the company would become part of Google Cloud. The last major news was in 2018 where Calico joined drug giant AbbVie for a $1 billion pledge towards developing therapies associated with age-related diseases. As per the agreement, Calico would be responsible for R&D until 2022 and then Phase2a trials through 2027.
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