Google lays off dozens from X Labs, wants projects to seek outside funding

Published

1 year ago

January 23, 2024

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At least you don’t have to work on a Monday — Google lays off dozens from X Labs, wants projects to seek outside funding Google wants projects to take outside venture capital as part of budget cuts.

Ron Amadeo – Jan 22, 2024 9:25 pm UTC Enlarge / Exterior view of a Googleplex building, the corporate headquarters of Google and parent company Alphabet, May 2018.Getty Images | zphotos reader comments 96

Google/Alphabet CEO Sundar Pichai wasn’t kidding when, earlier this month, he said more layoffs are coming. The latest group to be hit is Alphabet’s X Lab, which is losing “dozens of employees,” according to a new report from Bloomberg. This is something like the 11th Google layoff announcement we’ve covered in the past 12 months and the fourth one this month.

The X Lab is Alphabet’s “moonshot” experimental group, which is responsible for wild concepts like a wearable head-up display, a self-driving car, smart contact lenses, flying Internet balloons, and delivery drones. This is the age of Google cost-cutting, and you’ll notice none of those projects is a rip-roaring commercial success. On Google’s financials, the X Lab is part of Alphabet’s “Other Bets” group, which burns through around a billion dollars every quarter. It’s a research arm, so the hope is that spending all this money will someday lead to new revenue streams. For the short-term Wall Street types, though, it’s a money loser, quarter to quarter, and that makes it a prime candidate for cuts.

Further ReadingGoogle lays off 100 at YouTube; CEO says more layoffs are comingBloomberg has a copy of the memo announcing the cuts to the X Labs staff, and there’s more in there than just layoffs. X Lab CEO Astro Teller writes: “Were expanding our approach to focus on spinning out more projects as independent companies funded through market-based capital. Well do this by opening our scope to collaborate with a broader base of industry and financial partners, and by continuing to emphasize lean teams and capital efficiency.” Basically, Google wants these money losers to find their own funding somewhere else, at least partially.

The “outside funding” model isn’t new for some of Alphabet’s biggest and most promising “Other Bets” projects. The self-driving car company, Waymo, took rounds of outside funding in 2020 and 2021, racking up over $5 billion of cash that didn’t come from the Google Ads money geyser. Verily, Alphabet’s health care data analytics company, has also raised billions in outside funding. Both groups started as X projects and later “graduated” to full-fledged Alphabet companies. Others, like Project Loon (Internet balloons) and Sidewalk Infrastructure Partners (infrastructure planning), were X or Alphabet companies and were spun out as fully independent entities, separate from the Alphabet earnings sheet. Apparently, Alphabet wants to push X projects down one of those two paths. Advertisement

On one hand, outside funding will result in a tougher, more critical eye for some of these projects. On the other hand, the Bloomberg report notes that “Alphabet could only accommodate so many Other Bets, creating a bottleneck for X ventures that were ready to take the next step, according to one of the people with knowledge of the matter. Startups within X often faced a choice between waiting for a spot to open up or striking out on their own.” reader comments 96 Ron Amadeo Ron is the Reviews Editor at Ars Technica, where he specializes in Android OS and Google products. He is always on the hunt for a new gadget and loves to rip things apart to see how they work. He loves to tinker and always seems to be working on a new project. Advertisement Channel Ars Technica ← Previous story Next story → Related Stories Today on Ars

US

James Craig: Dentist in Colorado poisoned wife’s protein shakes with cyanide, murder trial hears

Published

2 hours ago

July 16, 2025

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James Craig: Dentist in Colorado poisoned wife's protein shakes with cyanide, murder trial hears

The trial of a dentist accused of murdering his wife by poisoning her protein shakes has begun in the US state of Colorado.

James Craig denies using cyanide and tetrahydrozoline, an ingredient in over-the-counter eye drops, to kill Angela Craig in a suburb of Denver.

During the trial’s opening statements on Tuesday, prosecutors claimed the 47-year-old was having an affair with another dentist, had financial difficulties and may have been motivated by the payout from his wife’s life insurance.

Assistant District Attorney Ryan Brackley told the jury at Arapahoe District Court that the 43-year-old victim – who had six children with her husband – had been suffering worsening symptoms including dizziness, vomiting and fainting.

She died in March 2023 during her third trip to the hospital that month.

Mr Brackley accused Craig of poisoning her protein shakes – then giving his wife a final dose of poison while she was in hospital, and said: “He went in that [hospital] room to murder her, to deliberately and intentionally end her life with a fatal dose of cyanide … She spends the next three days dying.”

Craig, who shook his head at times during the prosecution’s opening statement, has pleaded not guilty to several charges, including first-degree murder, solicitation to commit murder and solicitation to commit perjury.

Prosecutors said Craig had tried to make it appear his wife of 23 years had killed herself. His internet history showed he had searched for “how to make a murder look like a heart attack” and “is arsenic detectable in an autopsy”.

In an argument, captured on home surveillance video, his wife also accused him of suggesting to hospital staff that she was suicidal.

After Craig’s arrest in 2023, prosecutors alleged that he had offered a fellow prison inmate $20,000 (£14,993) to kill the case’s lead investigator and offered someone else $20,000 to find people to falsely testify that Angela Craig planned to die by suicide.

Craig’s attorney, Ashley Whitham, told the jury to consider the credibility of those witnesses, calling some “jailhouse snitches”.

Ms Whitham argued that the evidence didn’t show that he poisoned her, instead seeming to suggest she may have taken her own life.

She described Angela Craig as “broken”, partly by Craig’s infidelity and her desire to stay married, since they were part of The Church of Jesus Christ and Latter-day Saints.

Hospital staff had said Craig had been caring and “doting” while Angela Craig was in the hospital, said Whitham.

The defence argued prosecutors had overdramatised Craig’s financial problems and dismissed the prosecution’s suggestion that Craig was motivated to kill because of an affair he was having with a fellow dentist from Texas.

“That’s simply not the case,” Whitham said, adding that Craig had many affairs over the years that his wife knew about. “He was candid with Angela that he had been cheating.”

The trial continues.

Politics

Michigan town puts pre-emptive curbs on crypto ATMs

Published

2 hours ago

July 16, 2025

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Michigan town puts pre-emptive curbs on crypto ATMs

The town of Grosse Pointe Farms has no crypto ATMs, but has regulated them anyway, requiring registration, warnings and limits on kiosks.

Technology

Chip giant ASML says it can’t confirm that it will grow in 2026

Published

3 hours ago

July 16, 2025

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Chip giant ASML says it can't confirm that it will grow in 2026

An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background.

Nurphoto | Nurphoto | Getty Images

ASML reported second-quarter earnings that beat estimates with the its key net bookings figure ahead of consensus.

However, the chip equipment giant missed analyst expectations for revenue guidance in the current quarter and warned of the possibility of no growth ahead.

Here’s how ASML did versus LSEG consensus estimates for the second quarter:

Net sales: 7.7 billion euros ($8.95 billion) versus 7.52 billion euros expected
Net profit: 2.29 billion euros vs 2.04 billion euros expected

In its own previous forecast issued in April, ASML had said it expected second-quarter net sales of between 7.2 billion euros and 7.7 billion euros. In a pre-recorded interview posted on ASML’s website, the company’s Chief Financial Officer Roger Dassen said the beat was due to revenue from upgrading currently deployed machines as well as tariffs having a “less negative” impact than anticipated.

Analysts anticipated net bookings — a key indicator of order demand — would come in at 4.19 billion euros over the April-June stretch. ASML reported net bookings of 5.5 billion euros.

ASML is one of the most important semiconductor supply chain companies in the world. It makes extreme ultraviolet lithography (EUV) machines, which are required to manufacture the most advanced chips in the world, such as those designed by Apple and Nvidia.

Companies like Intel and Taiwan Semiconductor Manufacturing Co. are customers of ASML.

2026 warning

Like many companies in the semiconductor industry, ASML has been grappling with uncertainty created by U.S. tariff policy.

The company forecast third-quarter revenue of between 7.4 billion euros and 7.9 billion euros, which was shy of market expectations of 8.3 billion euros.

ASML said it expects full-year 2025 net sales to grow 15%, narrowing its guidance from a previously announced forecasts of between 30 billion euros to 35 billion euros.

However, the Dutch tech giant was less certain about the outlook for 2026.

“Looking at 2026, we see that our AI customers’ fundamentals remain strong,” ASML CEO Christophe Fouquet said in a statement.

“At the same time, we continue to see increasing uncertainty driven by macro-economic and geopolitical developments. Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage.”

The Veldhoven, Netherlands-headquartered company has released its next generation EUV tools known as High NA, which stands for high numerical aperture. These machines, which are larger than a double-decker bus and can cost more than $400 million each, are key to ASML’s future growth plans.

This is a breaking news story. Please check back for more.