News Summary

Alphabet has spun off its laser-based internet company, Taara, from its X ‘moonshot’ incubator. Taara, which originally emerged from the now-closed Loon project, aims to provide internet connectivity to remote areas using terrestrial lasers instead of satellites. This initiative positions Taara as a competitor to Elon Musk’s Starlink project. The company has raised new funding to support its operations and growth in the internet connectivity sector.