Google seems to be intent on making waves. There's speculation that Google could launch a Facebook-rivaling service on November 5th. Today the company announced that they've acquired Jaiku - the 'what are you doing' and presence service based in Helsinki, Finland.

Whilst there's no mention of how much Google paid (all the terms remain confidential), it's certainly something that's going to weigh in the minds of rival services such as Twitter (particularly as Twitter has yet to establish its business model). As for what's next for Jaiku, all the founders will say is 'Check back in a few months to see what we've developed.'

[via Robert Scoble's Twitter]