But instead it's just Google, and a bunch of highly experimental, low return, high risk other random companies with no particular strategy. How many labs are separate Alphabet companies? Why not just 1 lab that's supported by R&D concerns from the rest of the conglomerate? What isn't L for "Labs"? Does GV really need to be a separate company? Why isn't it just part of Google? Or why isn't GV "V for Venture?" That's okay, they also have Jigsaw, Google Capital and probably a bunch of internal investment arms.
Do they really need two genomics/life sciences companies?
Why are there so many different video companies, but youtube stays part of Google?
The approach is entirely disorganized and without any seeming strategy.
Presumably this is a reference to Verily vs. Calico. AFAICT, yes; or at least the two have distinct enough missions that it makes sense for them to be separate efforts. Calico is a very long payoff window effort starting with basic research aimed at lifespan enhancements, Verily is a shorter payoff timeline (but still fairly long window, given medical device, etc., commercialization timelines) medical device and treatment development effort.