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Company News

Alphabet's Sidewalk Labs pulls out of Toronto smart city project

TORONTO, May 7 (Reuters) - Alphabet’s Sidewalk Labs has pulled out of its Toronto ‘smart city’ project due to economic uncertainty, the subsidiary’s chief executive officer said on Thursday.

Sidewalk Labs had developed a proposal for a futuristic, data-driven city development in the heart of Toronto’s business district, and was working with a government-mandated agency who planned to vote whether to approve the final proposal in June. (Reporting by Moira Warburton in Toronto Editing by Chizu Nomiyama)

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