New Delhi: It was early this month when Google changed its operating structure by setting up a new holding company called Alphabet, and now the Internet giant has announced what becomes the first new company to be set up under the Alphabet umbrella.
Google co-founder and Alphabet president Sergey Brin, in a blog post, says, the Life Sciences team that endeavours to develop new technologies to make healthcare more proactive, now becomes a standalone Alphabet company.
"It's a huge undertaking, and I am delighted to announce that the life sciences team is now ready to graduate from our X lab and become a standalone Alphabet company, with Andy Conrad as CEO," says Brin.
While the reporting structure will be different, their goal remains the same. They will continue to work with other life sciences companies to move new technologies from early stage R&D to clinical testing.
The team includes software engineers, oncologists, and optics experts. "This is the type of company we hope will thrive as part of Alphabet," says Brin.
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