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Stay tuned for more games and a new take on technology for health
Over seven years since the advent of Alphabet Inc., it has invested in various companies that can show promise, called Alphabet’s other investments. Google’s search, advertising, hardware and services businesses remain at Alphabet, but the conglomerate is restructuring its interests and investing in its other options such as self-driving cars, drone delivery systems, and medical access are among the health-related social movements. research.
Investing in offbeat technology because a brand believes in its potential can quickly become costly. In a full report, the Information shows that eleven other bets are buying Alphabet about $ 30 billion in operating losses so far, of which $ 4.5 billion losses were recorded in the first nine months. of 2022.
However, the search giant also acknowledged that the economy is slowing with a hiatus in hiring, and its latest quarterly report also showed plans for lower monthly figures than before. as usual. A similar result is now seen in Alphabet’s other bets and X – the absurd idea incubator that held Waymo for some time. All this is related to the growth of efforts from senior managers and investors to change the opinion of other bets on factors that can be converted into better values.
Health care research is the new area of interest, starting with Calico, a biotech company researching ways to fight aging and prevent age-related diseases. The company has increased 20% of employees and investors through 2021, although the establishment has left the top management for various reasons. The company has two cancer drugs and one ALS preventative in various stages of clinical trials. Alphabet’s other moonshot, of course, is tied to deals related to the analysis of COVID-19 and the performance of Pfizer’s COVID-19 vaccine. These actions indicate that the new sector of great interest is not a difficult transition for Alphabet, but what about its employees?
Other employees of Alphabet make up about 4% of its headcount, with many business leaders representing X CEO Astro Teller. However, recent changes to Alphabet, reflecting its pivoting interests, have accounted for more than half of Teller’s direct reports over the past 18 months. X continues to employ about 700 people, while Waymo’s 2,500-person team is the largest among other bets.
Alphabet is no stranger to shutting down projects like Loon Balloons, and we could see the firm shut down the lights on some other deals in the coming days. The brand can spin projects as a separate company like Waymo, increasing the hope that we will see something good coming out of these changes in the company. It’s interesting to look at the company’s strategy for big bets like Verily, DeepMind, and Google Fiber.
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