Alphabet, the parent company recently created to keep Google’s core business separate from wilder enterprises such as self-driving cars, is preparing to ramp up spending on its most far-out projects.
That’s what Alphabet’s chief financial officer, Ruth Porat, said Thursday on the company’s first quarterly earnings call. The most significant increase will come from the division of Alphabet working on technologies related to energy and Internet access, she said, which includes the Google Fiber project that offers high-speed, low-cost broadband in several U.S. cities.
Because Alphabet only sprang into legal existence early this month, Thursday’s call was mostly taken up with discussion of results reported by Google’s original structure, which reported a larger-than-expected profit of $4.7 billion on $18.7 billion in revenue. But Porat also said that henceforth Alphabet will report revenues, profitability, and capital expenditures for both Google and a category dubbed “other bets” that combines the company’s other businesses.
The company’s “other bets” are expected to include home devices company Nest and Google X Lab.
The number of projects and divisions under Alphabet’s “other bets” designation could expand.n projects such as self-driving cars, a life sciences group where projects include an electronic contact lens, and Google’s investment arms.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.