INSUBCONTINENT EXCLUSIVE:
Google's parent company Alphabet has revealed that it will donating the equivalent of $800m to produce medical supplies which will be used
to combat Covid-19 and that it will also give out ad credits to government and health organizations as well as to businesses.In a blog post,
Google and Alphabet CEO Sundar Pichai explained that the company will be working with its partner Magid Glove - Safety to create millions of
face masks in the coming weeks that will be provided to the CDC Foundation," he noted."Additionally, employees from across Alphabet,
including Google, Verily and X, are bringing engineering, supply chain and healthcare expertise to facilitate increased production of
professionals and frontline workers who are already facing shortages of personal protective equipment (PPE)
In fact, 3D printing companies such as Prusa have begun making medical shields to help hospitals deal with this lack of equipment while an
Italian firm called The FabLab brought its 3D printers to a hospital to create replacement valves for 'reanimation' machines.Alphabet has
A $200m investment fund has also been setup that will support NGOs and financial institutions around the world that are trying to help
provide small businesses with access to capital.Additionally, Google will help out small and medium businesses by giving them access to
crisis such as this, so these ad credits will allow SMBs to reach out to potential customers.Google Cloud will also be supporting academic
institutions and researchers through a pool of $20m in Google Cloud credits
These credits will allow them to leverage Google's computing capabilities and infrastructure to study potential therapies and vaccines,
track critical data and discover new ways to combat Covid-19.Finally, the company has increased the gift match it offers every employee
annually from $7,500 to $10,000
This means that Google employees can now give $20,000 to organizations in their communities in addition to the $50m that Google.org has
already donated.Via The Verge
