Page 19 - Astro Teller News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Begun nearly a decade ago, Loon was one of the company’s high-profile, cutting-edge efforts. But it was difficult to turn into a business.

Begun nearly a decade ago, Loon was one of the company’s high-profile, cutting-edge efforts. But it was difficult to turn into a business.

Alphabet Is 'Winding Down' Loon Internet Balloon Project A small team will stay on to wrap up Loon's pilot service in Kenya. By Stephanie Mlot (Photo via Alphabet Inc.) Alphabet subsidiary Loon, which used high-altitude balloons to create an aerial wireless network, is officially deflated. CEO Alastair Westgarth broke the news in a Friday blog post, revealing that Project Loon "will be winding down." What began in 2011 as a research and development project at Google X has grown into a separate company, working to provide internet access to rural and remote areas across the world. "W...

FILE- In this Feb. 14, 2018, file photo the logo for Alphabet appears on a screen at the Nasdaq MarketSite in New York. Googles parent company, Alphabet Inc., is letting the air out of an internet-beaming balloon company that was providing online access from the stratosphere. The plan to shut down Loon was announced late Thursday, Jan. 21, 2021, ending what started out as one of Googles secret projects in its so-called moonshot factory. (AP Photo/Richard Drew, File) (Copyright 2018 The Associated Press. All rights reserved.) SAN RAMON, Calif. – Google's parent company is letting the air out...

Alphabet deflates Loon - Mobile World Live 22 JAN 2021 Alphabet pulled the plug on subsidiary Loon, announcing plans to wind down operations due to financial difficulty. In a blog, Loon CEO Alastair Westgarth explained while it “found a number of willing partners” interested in the balloon-based internet connectivity technology over the past eight years, “we haven’t found a way to get the costs low enough to build a long-term, sustainable business”. Loon debuted in June 2013 as a project from Alphabet’s X lab, and became a full subsidiary in July 2018. Astro Teller, head of Alph...