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Alphabet no longer has a controlling stake in its life sciences business Verily

Alphabet's life sciences business Verily is restructuring and raising money as a new corporate entity. Verily announced that with its $300 million investment round, it will change from an LLC to a corporation and rename itself Verily Health Inc. As a result, Alphabet now has a minority stake rather than a controlling one in the business. Similar to every other tech business, this chapter for Verily will be focused on AI. “From research to care, our customers need solutions that bring the best of clinical and scientific rigor together with AI to deliver the next generation of healthcare - one that is as precise as it is personal," Chairman and CEO Stephen Gillett said.Google Life Sciences was renamed Verily in 2015, around the same time as Google also rebranded to Alphabet. It [...]

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Destination
Alphabet's Verily closes its medical device division and lays off staff

Alphabet's Verily was one of the company's star "moonshot" businesses, with its research delving into areas ranging from connected diabetes therapies to robot surgery. Now, Verily [...]

Match Score: 193.98

venturebeat
OpenAI debuts GPT-Rosalind, a new limited access model for life sciences, and broader Codex plugin on Github

The journey from a laboratory hypothesis to a pharmacy shelf is one of the most grueling marathons in modern industry, typically spanning 10 to 15 years and billions of dollars in investment. Progress [...]

Match Score: 70.42

Destination
Alphabet settles with shareholders over Google antitrust lawsuit

Google is still waiting to hear how it will have to address its monopoly in the search engine business — it plans to appeal the judgement — but in the meantime, it also has to answer to its share [...]

Match Score: 62.70

Destination
House Republicans subpoena Google over alleged censorship

Google is once again in the crosshairs of Republicans in Congress because of alleged censorship, Bloomberg writes. The House Judiciary Committee has subpoenaed Google's parent company Alphabet an [...]

Match Score: 54.35

Destination
The US government is taking an $8.9 billion stake in Intel

President Donald Trump says the US government is taking a 10 percent stake in chip maker Intel. Trump shared the news during a press conference on Friday, though an official announcement is still fort [...]

Match Score: 51.86

Destination
Alphabet's Taara chip uses light beams to provide high-speed internet

Alphabet has announced a new development for Taara's technology that could lead to low-cost, high-speed internet connectivity, even in far-flung locations. Taara's general manager, Mahesh Kr [...]

Match Score: 48.42

qz
Verily Health CEO Stephen Gillett on how it will use $300 million investment

Verily Health CEO Stephen Gillett on how it will use $300 million investment [...]

Match Score: 46.55

Destination
Google’s GFiber internet business is merging with Astound Broadband

Google has announced that GFiber is merging with Astound Broadband, in an agreement that sees Astound’s parent company Stonepeak become the majority owner, with Alphabet retaining a minority stake.& [...]

Match Score: 45.46

Destination
OpenAI launches GPT-Rosalind, a reasoning model built for life sciences research

OpenAI has introduced GPT-Rosalind, a reasoning model tailored for the life sciences. It's designed to help researchers move faster from hypothesis to experiment. Access is tightly controlled for [...]

Match Score: 43.95