Larry Page, one of Google’s co-founders, has announced that Google is now a part of a new company called Alphabet. He will be the CEO while Sergey Brin will be the president.

Google is essentially being split into eight (8) companies: Nest, Fiber, Capital, X, Calico, Ventures, Sidewalk Labs and Google. The last one includes Google Search, Android, YouTube, Ads, Maps and Apps.

This re-structuring will separate Google from its other projects that might not turn a profit yet. For example, self-driving cars are cool but those are not generating revenue for the company yet. Hence, it’s put under Google X.

Investors are assured that Google is doing well since its new CEO, Sundar Pichai, only has the essential internet products to look after. Google Search and Ads are the proven money-makers of Google.

Larry and Sergey can now devote resources to Calico or Nest without affecting Google if they are not successful. Calico aims to prolong human life while Nest is about the Internet of Things or smart home devices.

Users of Google’s products won’t be affected though. You can still search anything on Google or watch videos on YouTube.