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Wednesday, December 4, 2013

Google's former head of Android now running its robotics group -report, (NASDAQ: GOOG)

Google Inc has quietly acquired more than a half-dozen companies for a new robotics groups led by Andy Rubin, formerly in charge of Google's popular mobile software, according to a report in the New York Times on Wednesday. The new group is focusing on developing robotic technology that can be used in factories, rather than developing robots intended for consumers, the report said.A Google spokeswoman declined to comment.Google Chief Executive Larry Page wrote on his official Google+ profile page on Wednesday that it was still "early days" for the robotics project, but that he was looking forward to seeing the progress.Rubin was formerly in charge of Google's Android mobile operating system, which is now used on roughly 80 percent of the world's smartphones. Rubin stepped down from that role in March to focus on unspecified other projects.

Google Inc. (Google) is a global technology company. Shares of GOOG traded higher by 0.43% or $4.49/share to $1057.75. In the past year, the shares have traded as low as $682.33 and as high as $1068.00. On average, 1805980 shares of GOOG exchange hands on a given day and today's volume is recorded at 748309.