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Google lays off “dozens” from X Labs, wants projects to seek outside funding
Google wants projects to take outside venture capital as part of budget cuts.
The X Lab is Alphabet's "moonshot" experimental group, which is responsible for wild concepts like a wearable head-up display, a self-driving car, smart contact lenses, flying Internet balloons, and delivery drones. X Lab CEO Astro Teller writes: "We’re expanding our approach to focus on spinning out more projects as independent companies funded through market-based capital. The self-driving car company, Waymo, took rounds of outside funding in 2020 and 2021, racking up over $5 billion of cash that didn't come from the Google Ads money geyser.
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