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Amazon to pay over $1 billion for home security startup Ring: source

Amazon to pay over $1 billion for home security startup Ring: sourceSanta Monica, California-based Ring is Amazon's latest move in expanding into the heated "smart-homes" market, where gadgets are powered by easy-to-use technology to control homes with a few spoken words. Amazon has positioned its Echo smart speaker, powered by its Alexa voice assistant, as a smart homes device.




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