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Alphabet’s ‘Other bets’ in focus as Google’s Pichai takes helm

DECEMBER 4, 2019

Extracts

(Reuters) – Google Chief Executive Officer Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc (GOOGL.O), heralding a new chapter for the company that helped reshape the global tech industry under its co-founders Page and Sergey Brin.

To grow beyond its main search and advertising business, Google restructured in 2015 and established Alphabet as a holding company overseeing various “other bets”, ranging from its autonomous vehicle unit to helium balloons that provide solar-powered internet services in remote areas.

Below are some of those projects.

MAKANI POWER

Makani attempts to harness renewable energy from wind by using propellers on airborne kites to generate electricity.

It joined the Moonshot Factory in 2013 and spun out this year to become an independent unit within Alphabet, partnering with Royal Dutch Shell Plc (RDSa.AS) to build commercial versions of its kites, according to Makani’s website.

FULL ARTICLE

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