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Google seeks the fountain of youth

Posting in Finance

Think Google, think search engine, autonomous vehicles, Android and offices complete with gourmet food and slides. You don't immediately associate the tech firm with the ageing process.

However, according to the Associated Press, this is exactly where Google is now funding research. A new company, dubbed Calico, is being financed by Google to research ways to slow the ageing process.

Calico will be run by former Google board member Arthur Levinson, who resigned from the firm's board four years ago and is also the ex-CEO of biotechnology pioneer Genentech. Levinson will remain a chairman of both firms while he runs Calico.

There are few details beyond the scope of the company -- which will focus on health, well-being, ageing and associated diseases -- and Google has not disclosed how much money will be poured into Calico. Google CEO Larry Page commented on his Google+ profile:

"As we explained in our first letter to shareholders, there's tremendous potential for technology more generally to improve people's lives. So don't be surprised if we invest in projects that seem strange or speculative compared with our existing Internet businesses. And please remember that new investments like this are very small by comparison to our core business."

Via: Associated Press

Image credit: Flickr

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— By on September 18, 2013, 6:39 PM PST

Charlie Osborne

Contributing Editor

Charlie Osborne is a freelance journalist and photographer based in London. In addition to SmartPlanet, she also writes for business technology website ZDNet and consumer technology site CNET. She holds a degree in medical anthropology from the University of Kent. Follow her on Twitter. Disclosure