Google moving into aging sphere

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Google announced the launch of Calico last week, a new company that will be particularly focused on aging and possible innovations to improve quality of life for seniors.

Calico's CEO will be Arthur D. Levinson, the former CEO of Genentech and the chairman of Apple. The investment reflects Google's belief that “we can improve millions of lives,” said CEO Larry Page.

Details are scarce, although Page said on his Google+ page that there is “tremendous potential for technology more generally to improve people's lives. … Art and I are excited about tackling aging and illness. These issues affect us all — from the decreased mobility and mental agility that comes with age, to life-threatening diseases that exact a terrible physical and emotional toll on individuals and families.”