Google's Moonshot Factory Falls Back Down to Earth

Alphabet's moonshot factory, X, is scaling back its ambitious projects amid concerns over Google's core search business facing competition from AI chatbots like ChatGPT. The lab, once a symbol of Google's commitment to innovation, is now spinning off projects as startups rather than integrating them into Alphabet. The shift reflects a broader trend among tech giants, who are cutting costs and focusing on their core businesses in response to the rapidly evolving AI landscape.

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