Alphabet's second-quarter earns soar despite rising 'moonshot' losses

Alphabet's second-quarter earnings report showed an operating loss of $859 million in Other Bets, widening from a $660 million loss.

Alphabet CEO Larry Page wants to build flying cars

Sources have also revealed that Page has invested approximately $100 million on Zee.Aero.

The company said it would roll out the service to only a few areas initially.

Jobs listed provide a window into how much hardware Google may build to contribute to the cars of the future.

The change may signal the passing of the technology baton to Alphabet formerly known as Google.

Alphabet will move to the head of the class just five months after Google reorganized itself under the holding company.

The deal comes as governments around the world seek to clamp down on MNCs shifting profits overseas to reduce their tax bills.