Alphabet's X is increasingly spinning out independent companies via a dedicated Series X Capital fund, which has raised $500M+ with a minority Alphabet stake (Connie Loizos/TechCrunch)
PositiveArtificial Intelligence

Alphabet is making waves in the tech world by launching independent companies through its Series X Capital fund, which has successfully raised over $500 million. This initiative not only showcases Alphabet's commitment to innovation but also allows for the exploration of groundbreaking ideas that could reshape industries. By spinning out these 'moonshot' projects, Alphabet is positioning itself as a leader in fostering new technologies and business models, which could have a significant impact on the economy and society.
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