Sunday, April 5, 2020

Google-parent Alphabet pledging $800 million in response to the coronavirus crisis

On Friday, Chief Executive Officer Sundar Pichai said Alphabet Inc (GOOGL.O) would donate over $800 million in funds to manufacture medical supplies used to counter COVID-19 and in ad credits to government and health organizations and businesses.

The company is collaborating with Magid Glove and Protection to manufacture 2 million to 3 million face masks and will financially help efforts to improve manufacturing potential for life-saving medical devices and personal protective equipment, Pichai said.

The massive epidemic, which killed nearly thousands of people worldwide, has overwhelmed healthcare systems around the world and contributed to a shortage of medical equipment, including face masks and ventilators.

The company will offer $340 million in Google Ad Credits to small and medium-sized companies operating on its website, and $250 million in Ad Grants to the World Health Organization and other government agencies, Pichai said in a blog post.

Source: https://in.reuters.com/article/uk-health-coronavirus-alphabet/google-parent-alphabet-to-donate-800-million-in-response-to-coronavirus-crisis-idINKBN21F05J

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