Reports allegedly suggest Google is working on a new teleconferencing tool called Google Meeting or GMeet. It is said this video conferencing tool is currently under testing by Google employees. It was first spotted by Google Plus user Florian Kiersch and other details are quite vague.
With regard to its function. GMeet allows for video and audio communication and adding files to a meeting from either Google Drive or Dropbox. Couple of leaked screenshots show they are web-based service and not a mobile app. The feature may be very much business oriented and it may not be found in Google Hangouts. There is also Chrome extension that acts as a simple helper.
Some sited have reported that the service permits its users to schedule and participate in the conference call in just one click instead of typing a series of numbers to join the call. This is just a sheer assumption for the source has made no mention of it.
As Phandroid shows, searches for GMeet and Google Meeting brings to surface interesting anecdotes and code snippets from as old as 2011. Most of the code references functions that are already available in the latest version of Hangouts like whiteboards, screen sharing and Google Calendar integration, the website mentioned. So there are high chances for the new GMeet to be based on Hangouts maybe with new user interface and features specifically tailored for business users.