# ChatGPT Answer Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of [[Google]], [[Larry Page]] and [[Sergey Brin]], announced they would be stepping down from their executive roles at Alphabet in December 2019, with the Google CEO Sundar Pichai becoming the CEO of both Google and Alphabet. The establishment of Alphabet was prompted by a desire to make the core Google internet services business "cleaner and more accountable" while allowing greater autonomy to group companies that operate in businesses other than Internet services. Some of the subsidiaries under Alphabet Inc. include Google, YouTube, Android, Nest Labs, GV (formerly known as Google Ventures), CapitalG (a growth equity investment fund), Sidewalk Labs (focused on urban innovation), Verily (a biotech research organization), Calico (a biotech R&D company focused on aging and associated diseases), Wing (a drone delivery service) and Loon (which aims to provide internet access to remote areas via high-altitude balloons). In 2021, Alphabet is ranked 4th in the Fortune 500 rankings of the largest United States corporations by total revenue. # Gemini Answer Alphabet Inc. is the Parent Company of Google: Alphabet Inc. is an American multinational technology conglomerate. It was created in 2015 as a restructuring of Google, becoming the parent company that oversees Google and several other related businesses. "Bets" Structure: Alphabet is known for its collection of subsidiaries referred to as "bets". These bets span diverse industries outside Google's core internet-related activities. Key Alphabet Subsidiaries Google: The search engine giant still remains Alphabet's most profitable and well-known subsidiary. Google handles search, advertising, cloud computing, Android, YouTube, and more. Other Bets: Some notable Alphabet "bets" include: Waymo: A self-driving car technology company. X Development: The "moonshot factory" known for ambitious projects (e.g., drone delivery, internet balloons). Calico: A biotech company focused on longevity research. Verily: A health sciences company working on precision health. Wing: Drone delivery service. Why Alphabet Was Formed Focus: Restructuring Google into Alphabet allowed Google's core internet business to focus, while giving other ventures more independence. Innovation: The "bets" structure encourages risk-taking and long-term projects that might not fit well within traditional Google. Management: Sundar Pichai becoming CEO of Google allowed founders Larry Page and Sergey Brin to focus on managing the broader Alphabet vision. Significance of Alphabet Technological Powerhouse: Alphabet is one of the most powerful and influential companies in the world. Its subsidiaries are driving significant changes in technology and various industries. Massive Revenue: Alphabet consistently ranks as one of the highest revenue-generating companies globally. Innovation Hub: Alphabet's "moonshot bets" have the potential to revolutionize sectors like healthcare, transportation, and energy. Additional Notes Alphabet is a publicly-traded company, so its financial releases and investor relations pages are good sources for up-to-date information. # References ```dataview Table title as Title, authors as Authors where contains(subject, "Alphabet Inc" ) or contains(subject, "Google" ) sort modified desc, authors, title ```