Technology

This is the best summary I could come up with:

But the past few years have introduced new troubles: lower tolerance for risk, crackdowns on innovation, layoffs, and a narrative that its famed products like search and Gmail are getting worse.

In 2012, Business Insider listed 10 reasons Google was "the greatest company in the world," including that it "made sick perks standard for startups" and created "a little something we call 'Google Glass.'"

"In the technology industry, where revolutionary ideas drive the next big growth areas, you need to be a bit uncomfortable to stay relevant," Page wrote in a memo to employees at the time.

A Google spokesperson noted that employees were still encouraged to pursue other projects, and pointed to work like AlphaFold and quantum computing and products like Magic Eraser as examples of innovation.

Still, X — a moonshot lab that birthed Google's self-driving-car unit and explored exoskeletons and space elevators — has also curtailed its ambitions as it faces increased pressure to reduce losses.

Rivals like Meta and Microsoft have turned their fortunes around in recent years with more-decisive, top-down leadership, forging a cultural compromise between unconstrained innovation and corporate efficiency.

The original article contains 2,475 words, the summary contains 186 words. Saved 92%. I'm a bot and I'm open source!