Tencent Technology News, July 11 According to foreign media reports, Google's parent company Alphabet has just divested the other two departments into an independent new company.
The ones that were stripped were the Project Wing drone distribution project and the Project Loon project that popularized Internet services through hot air balloons, both of which were previously from Alphabet X Labs, and are now officially “graduated”.
The goal of Project Loon is to provide cheap and stable Internet access to developing countries by erecting solar-powered hot air balloons over 20 kilometers off the ground. Project Wing is Google's attempt to explore drone delivery. The Project Wing team consists of approximately 85 employees dedicated to designing drones for delivery.
Project Loon will be headed by executive Alastair Westgarth, and James Ryan Burgess will become the new CEO of Project Wing.
This is the fourth and fifth company in which Alphabet was stripped from X Labs. The previous three were Chronicle Business Network Security, Waymo Autopilot, and Verily Life Sciences.
“Now, the basic technologies of these two projects have been set up, and both Project Loon and Project Wing are ready to bring their products to users around the world. & rdquo; X Labs CEO Astro Teller said. “This is the only way for X Lab's projects to continue to develop. ”
After becoming an independent company, Loon and Wing will have more financial and profit requirements than just a project at X Lab. In the first quarter of this year, these sectors, which were called "betting" by Alphabet, had revenues of $150 million and a loss of $571 million.