This is the best summary I could come up with:
Good news for Android-toting Google Keep users: you’re finally getting the text formatting options the app has so desperately needed for years.
Google announced this week that the ability to bold, italicize, and otherwise transform text in your notes is rolling out now, and you should start to see it in the app soon.
(I don’t have it yet, but Mishaal Rahman and a few others actually spotted the feature ahead of its official launch, so it seems to be coming fast.)
And actually, Google has been paying an unusual amount of attention to Keep recently: users got a new homescreen widget earlier this year, and you can now open multiple Keep windows at a time on your device.
That makes users reasonably worried that Google might at any moment kill the app, as it has so many others, as part of some cost-cutting or refocusing initiative.
The formatting options will presumably be available on the web and iOS at some point, and they make Keep even more powerful on top of that simple interface.
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