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

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Alphabet’s life sciences arm Verily laid off staff and eliminated its entire devices program Monday.

CEO Stephen Gillett announced the “difficult decision” to wind down the program in a staff memo, according to Business Insider.

“Over the years, Verily has built a legacy in developing world-class, innovative medical devices,” Gillett wrote, noting that the “path forward requires difficult decisions” as Verily refocuses on AI and data infrastructure.

The move continues Alphabet’s aggressive efforts to invest in AI while…



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


Alphabet’s life sciences arm Verily laid off staff and eliminated its entire devices program Monday.

CEO Stephen Gillett announced the “difficult decision” to wind down the program in a staff memo, according to Business Insider.

“Over the years, Verily has built a legacy in developing world-class, innovative medical devices,” Gillett wrote, noting that the “path forward requires difficult decisions” as Verily refocuses on AI and data infrastructure.

The move continues Alphabet’s aggressive efforts to invest in AI while…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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