Alphabet's Verily signs L'Oreal in multi-year skin deal as losses grow

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Alphabet Inc's health tech arm Verily on Thursday announced its newest tie-up in its search for sustainable revenue, saying it would study skin health and explore new products with cosmetics maker L'Oreal SA.Verily previously has drawn criticism from its former executives for signing flashy, one-off resea

Alphabet Inc's health tech arm Verily on Thursday announced its newest tie-up in its search for sustainable revenue, saying it would study skin health and explore new products with cosmetics maker L'Oreal SA.

The critics have said Verily's approach has left it with intermittent revenue and further off from generating profit. Corporate sibling Google, which is testing an artificial intelligence tool for identifying skin conditions https://www.reuters.com/article/ctech-us-tech-fitzpatrick-exclusive-idCAKCN2DU0UA-OCATC, is not involved, executives said.

Existing technology struggles to differentiate between similar-looking skin conditions, said Abernethy, who has worked closely with skin cancer patients.

 

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