Summer Savings! Get unlimited digital access for 13 weeks for $13.

Google Glass

Google's latest project: reinventing cities

Google's latest project: reinventing cities

Google’s Chief Executive Larry Page has announced the tech giant’s latest moonshot, a new company whose mission is to revolutionize urban life. Sidewalk Labs, based in New York, said it will develop new technologies to make transportation more efficient, lower the cost of living, reduce energy use and help city governments along the way. Google's latest big idea comes at a time when the company's stock has not impressed investors and underscores its penchant for ignoring groans on Wall Street as it continues making big bets on projects that could take years to pay off. Google shares have gained 25% the last two years, well below the Nasdaq Composite’s...