Former Google CEO Eric Schmidt: Alphabet is about to get 'a lot' bigger

Google surprised the tech industry in August when it announced that the company would become a subsidiary of a new parent company called Alphabet.

This means Google is just one company under the Alphabet umbrella, and the new structure allows all of the company's various arms to operate more quickly and independently.

The change divides Google's projects and businesses into companies under Alphabet (i.e. Google, Calico, Life Sciences, etc.).

However, Eric Schmidt, the company's executive chairman and former CEO of Google, says Alphabet is only in its early stages and there are a lot more Alphabet companies to come.

Re/code obtained a recording of Schmidt speaking at the Virtuous Circle conference, a summit on tech and policy hosted by the Internet Association. During the talk, he suggested that we'll see more subsidiaries form within Alphabet.

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