Two of tech’s more venerable names—Nokia and Microsoft—acquired Internet of Things startups recently. Nokia bought French wearables company Withings for $191 million, while the price of Microsoft’s purchase of Italian cloud specialist Solair was undisclosed. But both these tech giants, once at the top of their industries, might be expecting too much from the much ballyhooed Internet of Things.
Take the acrimonious shutdown of Nest’s smart home hub by parent company Alphabet. It sparked an angry blog post from user Arlo Gilbert, the CEO of a healthcare app company, who pointed out that the “thing” in the Internet of Things could be shut down arbitrarily by its manufacturer
See more at: qz.com
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