The Japanese Company Betting Billions to Prepare for the Singularity

Google once had a reputation for bankrolling moonshots. It spent billions creating a self-driving car, started Google Fiber to bring ultra-high-speed internet to the masses, and acquired the Darpa-backed robotics company Boston Dynamics. But since restructuring itself as a holding company called Alphabet in 2015 and moving many of its bigger ideas outside the core Google business structure, Mountain View's ambitions have become a little more sober and its investment strategy more restrained. As Alphabet CFO Ruth Porat put it during an earnings call last year: "We continue to rationalize our portfolio of products to ensure we efficiently and effectively focus our resources behind our biggest bets across Alphabet." In practical terms, that's meant scaling back Google Fiber and selling off some of its wilder projects, and it's also opened the door for another company–the Japanese conglomerate SoftBank–to take the lead on some of today's most audacious bets in global tech.