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Business
fromTipRanks Financial
3 weeks ago

Alphabet planning sell or spin off Verily business, Bloomberg reports - TipRanks.com

Alphabet has been working for about two years to technologically decouple its life sciences business Verily so it can be sold or spun off.
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Business
fromBusiness Insider
1 month ago

Alphabet's Verily plans to restructure ahead of fresh investment, and as employees see their shares tank

Verily will convert from an LLC to a C-corp, revalue shares after layoffs, and seek new investment with shares cut roughly 80% since 2024.
Artificial intelligence
fromTechCrunch
1 month ago

Verily is closing its medical device program as Alphabet shifts more resources to AI | TechCrunch

Verily shut down its devices program and cut staff as Alphabet shifts focus to AI and data infrastructure while continuing cost-cutting layoffs.
Science
fromBusiness Insider
1 month ago

Alphabet's life sciences unit Verily lays off staff and cuts its devices program. Read the full memo its CEO sent to staff.

Verily laid off staff and closed its medical devices program to focus on AI and infrastructure, discontinuing device manufacturing and streamlining operations.
Silicon Valley
fromBusiness Insider
5 months ago

Verily CEO tells staff the sale of its insurance business is a 'strategic win' as the deal closes

Verily sold its insurance business to Elevance Health to strengthen its financial standing and refocus on AI initiatives.
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