The article discusses Verily, a life sciences subsidiary of Alphabet (Google’s parent company), and its plans to separate from Google in 2024. Verily, founded in 2012, has been developing various healthcare technologies, including surgical robots, smart contact lenses, and disease-screening tools. However, the company has faced challenges in commercializing its products and generating significant revenue. According to the article, Verily’s separation from Google is part of Alphabet’s broader strategy to streamline its operations and focus on its core businesses. The move is expected to provide Verily with more autonomy and flexibility to pursue its own goals and partnerships. While the separation is planned for 2024, the article notes that the details of the transition are still being worked out. The key takeaway is that Verily’s separation from Google reflects Alphabet’s efforts to optimize its organizational structure and prioritize its most promising ventures.
Source: https://www.businessinsider.com/verily-leave-google-alphabet-flywheel-life-sciences-2024-11