Google isn’t blowing that much money on projects like self-driving cars after all — less than 10% of its capital expenditures in 2015 were for forward-looking products outside its core.

This came out in fourth-quarter earnings for Google’s parent company, Alphabet.

This was the first time Alphabet broke numbers out for the core “Google,” which includes the businesses most of us think of — search, advertising, YouTube, Android, and so on — and “Other Bets,” which includes long-term projects like fiber-based internet access, self-driving cars, and internet-bearing balloons.

Capital expenditures for Google’s core products hit $8.8 billion last year, spent mostly on read more >>>

Source : BusinessInsider.Com