Technology Magazine Top 100 Companies in Technology 2022 | Page 33

TOP 100 COMPANIES
Google
Year Founded : 1998 Industry : Computer Software
This year , Alphabet X ( formerly Google X ), the experimental arm of the business , has conjured a novel way of delivering high-speed internet via beams of light through the air . Project Taara could lead to faster and cheaper internet in areas with poor infrastructure . Other projects include ‘ Mineral ’, new technology to build a more sustainable food system , ‘ Tidal ’, that works on improving ocean health , and ‘ Everyday Robot Project ’ - that aims to develop robots that can do useful tasks to help in daily life .
As of October 2021 , the company grew its revenue 41 % year over year to a record USD $ 65.12bn and record profits of $ 18.94 billion , or $ 27.99 per share . Additionally , Google ' s cloud revenue jumped 45 % to USD $ 4.99bn , while operating loss narrowed to USD $ 644mn from USD $ 1.21bn a year ago .
Industry rumours suggest that rather than the metaverse , the company might focus on AR and their Google Project Glass . technologymagazine . com 33