Alphabet no longer has a controlling stake in its life sciences business Verily
Engadget AI
•
Generative AI
Alphabet's life sciences business Verily is restructuring and raising money as a new corporate entity. Verily announced that with its $300M investment round, it will change from an LLC to a corporation and rename itself Verily Health Inc. As a result, Alphabet now has a minority stake rather than a controlling one in the business. Similar to every other tech business, this chapter for Verily will be focused on AI.