Categories Earnings, Technology

Alphabet’s drone, balloon units fly out to become independent entities

Over the years, Google parent Alphabet (GOOG, GOOGL) has been successful in perfecting most of its seemingly whacky ideas through experimentation and developing them into practical solutions. Loon and Wing, two ventures incubated in the company’s research center ‘X’, have emerged as path-breaking innovations though they had raised many eyebrows in the beginning.

Loon, the balloon-laden internet distribution service, and drone-delivery system Wing are graduating from the X lab to operate as independent companies, revealed an informal statement from the company.

“Now that the foundational technology for these projects is built, Loon and Wing are ready to take their products into the world; this is work best done outside of the prototyping-focused environment of X,” said Astro Teller, the CEO of X.

These companies are the latest from X to assume the status of standalone businesses, following the path of Alphabet’s cybersecurity arm Chronicle and autonomous vehicle project Waymo which are in the final stages of commencing full-fledged operation.

Loon and Wing are graduating from Alphabets research lab X to operate as independent companies

Loon, which has completed the trials successfully, will operate as a provider of high-speed internet in areas where the service is either not available or connectivity is poor. That will be achieved by deploying inflated helium balloons high up in the sky, thereby enabling them to cater to users in large areas.

RELATED: Google tries its hand in gaming

The other budding enterprise is in the more lucrative sector of drone-supported aerial delivery, a service that is finding many takers nowadays, especially department store operators. Being a product of Alphabet, Wing features the most advanced technologies and offers delivery to almost all destinations.

However, considering the nature of the services they offer, it is unlikely that the companies would immediately start commercial operation. For the time being, their activities will be limited to carrying out experimental tasks. The prospects of Loon and Wing look bright as they are coming from a lab that has an impressive history, except for a couple of failures like Project Tango that was wound up a few years ago.

After retreating from the all-time highs seen at the beginning of the year, Alphabet stock regained strength in the recent weeks and is once again hovering near the peak. The shares gained 1% during Wednesday’s regular session.

RELATED: Google Cloud COO steps down

Most Popular

Earnings: KB Home (KBH) Q2 2024 profit rises despite lower revenues

Homebuilder KB Home (NYSE: KBH) on Tuesday announced financial results for the second quarter of 2024, reporting an increase in net income. Revenues were down 3%. The company’s net income

What to expect when General Mills (GIS) reports its fourth quarter 2024 earnings results

Shares of General Mills, Inc. (NYSE: GIS) stayed green on Tuesday. The stock has dropped 5% over the past one month. The processed foods company is scheduled to report its

Lennar Corporation (LEN) Earnings: 2Q24 Key Numbers

Lennar Corporation (NYSE: LEN) reported total revenues of $8.8 billion for the second quarter of 2024, up 9% year-over-year. Net earnings attributable to Lennar were $954 million, or $3.45 per share, compared to

Comments

  1. Pingback: Arie Baisch
  2. Pingback: MILF City
  3. Pingback: Cory Chase
  4. Pingback: Lila Lovely BBW
  5. Pingback: organic feet
  6. Pingback: sleep lotion
  7. Pingback: valentine gift
  8. Pingback: Click Here
  9. Pingback: Click Here
  10. Pingback: Click Here
  11. Pingback: Click Here
  12. Pingback: Click Here
  13. Pingback: Click Here
  14. Pingback: Click Here
  15. Pingback: Click Here
  16. Pingback: Click Here
  17. Pingback: Click Here
  18. Pingback: Click Here
  19. Pingback: Click Here
  20. Pingback: Click Here
  21. Pingback: Click Here
  22. Pingback: Click Here
  23. Pingback: no code robotics
  24. Pingback: Click Here
  25. Pingback: Click Here
  26. Pingback: Click Here
  27. Pingback: Click Here
  28. Pingback: Click Here
  29. Pingback: Click Here
  30. Pingback: Click Here
  31. Pingback: Click Here
  32. Pingback: Click Here
  33. Pingback: Click Here
  34. Pingback: Click Here
  35. Pingback: Click Here
  36. Pingback: Click Here
  37. Pingback: Click Here
  38. Pingback: Click Here
  39. Pingback: Click Here
  40. Pingback: Click Here
  41. Pingback: Click Here
  42. Pingback: More About Them
  43. Pingback: Click Here
  44. Pingback: Click Here
  45. Pingback: Click Here
  46. Pingback: Click Here
  47. Pingback: Click Here
  48. Pingback: Click Here
  49. Pingback: Click Here
  50. Pingback: Click Here
  51. Pingback: Click Here
  52. Pingback: Click Here
  53. Pingback: Click Here
  54. Pingback: Click Here
  55. Pingback: Click Here
  56. Pingback: Click Here
  57. Pingback: Refer and Earn
  58. Pingback: Click Here
  59. Pingback: Click Here
  60. Pingback: Click Here
  61. Pingback: Click Here
  62. Pingback: Click Here
  63. Pingback: Click Here
  64. Pingback: Click Here
  65. Pingback: Click Here
  66. Pingback: Click Here
  67. Pingback: Click Here
  68. Pingback: rent ad
  69. Pingback: Google reviews
  70. Pingback: Sex Australia
  71. Pingback: 2023 Books
  72. Pingback: family member
  73. Pingback: IRA Empire
  74. Pingback: Chirurgie Tunisie
  75. Pingback: Chirurgie Tunisie
  76. Pingback: Marketing degree
  77. Pingback: IT Certifications
  78. Pingback: itsMasum.Com

Comments are closed.

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top