How do you reach the conclusion that it is not R&D that will benefit Alphabet? They make it pretty clear it is a high risk high reward R&D, meaning if they hit pay dirt, it can be massively profitable for Alphabet.
Google as far as I can tell understands itself not as an ad broker, but as an AI company. Robotics, health care, self driving cars and stuff like that are pretty much the future applications for AI.
