AXIOS August 1, 2019
In recent years, Amazon has made a series of investments, acquisitions and R&D moves in the smart home industry. None seemed particularly consequential on its own, but with a real estate deal last week, Amazon appears to have captured first-mover advantage in one of the most important new industries on the planet.
Why it matters: With the deals, Amazon has taken a pioneering lead in what has come to be called “surveillance capitalism,” which includes some of the biggest businesses of the future, like 5G, autonomous vehicles and smart cities. Now, the behemoth, with its edge in this new economy, is positioned to explode its revenue.
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