1. Alphabet's moonshot factory X is shifting its approach to bring ambitious technology projects to market by spinning them out as independent companies, rather than keeping them within the Alphabet corporate structure.
2. Series X Capital, a dedicated venture fund run by Gideon Yu, has been raised to invest in these spinouts and is legally obligated to invest exclusively in companies originating from X.
3. X defines a moonshot as a project that aims to solve a significant global problem, proposes a solution, and leverages breakthrough technology. The lab's ruthless approach to intellectual honesty allows it to test and kill off promising ideas quickly, focusing on the hardest parts of projects first.