This story was originally published here.
Last year, Google announced that it was going to create the world’s first interconnected, digital-first smart city in Toronto. Everything was going to be integrated and automated over a 190-acre site, and Google committed $1.3 billion to making the smart city happen.
Google just announced it is pulling the plug and reneging on its investment commitment. The company cited “unprecedented economic uncertainty” due to COVID-19 as its reason for backing out.
What a convenient excuse.
As we know, COVID-19 is accelerating digital-first trends… not hindering them. Here’s what really happened…
The people living in the targeted area found out what Google was up to and started to lobby against the project.
They learned that all their movements were going to be monitored, basically making them a laboratory experiment.
And here’s the worst part – the original agreement said that all data collected on people living in the smart city would belong to Google. Google would be able to package and monetize that data as it saw fit.
Naturally, the locals weren’t going to put up with that. So they managed to get the project reduced to just a 12-acre site.
And Toronto determined that all data collected within those 12 acres would become a public asset. That would make it hard for Google to use and monetize the data. And that’s the real reason why Google backed out.
Tech guru makes his next “BIG” prediction again…
Jeff Brown – Silicon Valley’s most successful angel investor… he was just off the campus of Yale University presenting the next tech cash cow….
He’s just shared with the public for the first time… a piece of tech that could be worth a $100 billion dollars right now and it’s inside the object on the table.
It’s the missing piece to the most anticipated new market — 5G could be worth $667.90 billion dollars…
By June it’s estimated 30 million American’s will have 5G access. And by the end of the year, almost 100% of the country will be 5G capable.
That’s just America… 5G mobile phones will take over the world… Currently, 65 million Chinese people already have 5G access.
And every single new 5G phone will need this small piece…
The shocking thing is…. only one unknown company produces this invaluable missing piece… and it’s stock is going to blow.
Jeff’s last prediction was Nvidia… and now it’s worth $13.3 billion dollars… and Jeff is almost always right.
This time he believes this stock to be the #1 stock of 2020…
And in this video, he’ll explain everything there is to it… this is just the tip of the iceberg…