Verily Cuts Devices, Focuses on AI: A Sign of the Times?

Verily, Alphabet's life science division, axes its device program and staff, signaling a major shift towards AI and data infrastructure. CEO Stephen Gillett announced the tough decision as part of a broader cost-cutting strategy at Alphabet, mirroring earlier layoffs in HR, cloud, and a massive cut of 12,000 employees. Fueled by the explosive growth of AI like ChatGPT, Alphabet is doubling down on software, leaving some shocked and others seeing a strategic bet on the future of tech. Hosted on Acast. See acast.com/privacy for more information.