Just before finding out that California plans to severely restrict the ease with which autonomous vehicles may be tested going forward, Google made the decision to fold its driverless car program under the Google X division of Alphabet, according to Bloomberg. What the heck is Alphabet" It’s the three-months-old holding company under which Google, Inc., and a variety of Google companies have been shoved so that each one can focus on its own purpose.

Google X?technically, its name is Google?, but that’s annoying to type?is Alphabet’s experimental division. The driverless car project, as Google has called it, will join endeavors such as Project Wing (delivery drones, much like Amazon’s buzzy idea), Project Glass (wearable head-up displays), and Project Loon (high-altitude, internet-emitting balloons). Essentially, the driverless car project’s move to Google X is little more than a paper-shuffling exercise for Google as it reorganizes its plethora of divisions and projects into new Alphabet pillars. The whole idea is to leave Google, Inc., the traditional internet services division, to do its thing?and report its earnings distinctly from the rest of Alphabet, which is as profligate in spending money as Google, Inc. is at making it. The company’s stock ticker names, GOOG and GOOGL, remain, only the original Google stock has been converted to Alphabet stock.
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