In recent years, the lab — which is based out of Google’s corporate headquarters ... projects into profitable businesses as Alphabet looks to cut costs across the board.

at its moonshot lab. Alphabet is also restructuring X (not to be confused with the platform formerly known as Twitter) to make it easier to spin out projects as independent startups with backing ...

The division, X Lab, is switching to a structure that will enable its ventures to be more easily spun out of the unit with support from Alphabet and ... campaign to cut costs and improve efficiency.