To expand beyond its main search and advertising business,
Google in 2015 established Alphabet as a holding company overseeing various
"other bets", ranging from its autonomous vehicle unit to helium
balloons that provide solar-powered internet services in remote areas.
Intrinsic develops software tools designed to make
industrial robots that can be used to make everything from solar panels to cars
and has been incubating its technology at Google's research unit, X, for over
five years.
"We're now ready to become an independent Alphabet
company, leaving the moonshot factory's rapid prototyping environment to focus
on developing our product and validating our technology," said Wendy Tan
White, chief executive officer of Intrinsic, adding the company was looking to
hire people.
Known as Alphabet's "Moonshot Factory", X is a
research and development unit that acts as a nursery for the company's many
offshoot projects, such as Waymo, Wing, Makani, Loon and others, helping them
take root as viable separate entities.
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