Google is making major moves in the high-tech sector, hiring more than 300 employees, including some of the country’s most renowned and highly sought-after software engineers.
The move comes as Google expands into new areas, including virtual reality and robotics, and plans to create a new research and development office.
It’s also a boost for a business that is under scrutiny from regulators and investors as it struggles to keep pace with rising demand for cloud-based services and artificial intelligence.
Google has also been in a legal battle with a former employee over the company’s data security policies, including its use of the “Hashing” encryption technique.
Google’s $50 billion acquisition of Motorola Mobility in 2014 brought the search giant close to the $100 billion market cap of Alphabet, which includes Google, Amazon and Microsoft.
It was one of the largest deals in tech history, surpassing the $150 billion Microsoft had made with Nokia in 2013.
Google Chief Executive Sundar Pichai said in the earnings call with analysts that the acquisition would allow the company to better focus on cloud computing.
The company’s top software engineers are currently working at its New York campus, and the company has been working on creating an office in the Silicon Valley.
Alphabet is also looking to create an office for software developers, according to a memo to employees obtained by The Wall St. Journal.
Google recently hired an employee to join the company as a software engineer, but the hiring is not yet complete, a Google spokeswoman said.
Google is also expanding into new industries, including robotics and virtual reality, and is also making major advances in AI, including the development of machine learning and machine-learning systems, said Eric Eichelberger, a senior analyst at tech research firm Forrester Research.
“It’s a huge change in strategy for Google,” he said.
“The company is investing in technology that it is developing and is developing it in ways that will make it more valuable and useful to customers.”
The acquisition of a technology firm to acquire a company that is also developing a lot of new tech is a big change, Eicher said.
The addition of a number of highly skilled engineers who are building the future of Google’s tech business is a game changer for Google.
Google also plans to build a research and innovation office at its campus in Mountain View, Calif., and is hiring more people to help with those efforts, according a company official who asked not to be identified.
Google declined to comment on the hire.
The search giant’s latest moves come as it expands into areas where the technology industry is facing intense scrutiny from investors and regulators.
In July, the Federal Communications Commission fined Google $1.8 billion for misleading advertisers about the availability of a feature that lets people see what advertisements are coming to their pages.
Google last year settled a class-action lawsuit by former employees who claimed they were fired over a policy change that allowed them to earn extra money by using Google’s search engine.
In February, Alphabet’s board of directors approved a $12.5 billion stock purchase to buy back stock in Google, an investment that will pay out in cash.
Google had originally planned to pay $11.5 million for each stock.
Analysts say Google’s new buyback plan could help the company retain employees as it tries to keep up with rapid growth in online advertising.
The buyback will pay about $2.8 million for Google stock over the next four years.
The new stock buyback, however, is contingent on Alphabet meeting an additional $1 billion of revenue targets for the next three years.
Google will have to meet at least $2 billion of those targets in the next year, according of analysts.
Google, which has more than 400 employees, has been facing pressure from regulators, including from the Federal Trade Commission and the Securities and Exchange Commission.
In March, the U.S. Department of Justice filed a civil lawsuit against Google over the use of deceptive advertising.
Alphabet also has been accused of taking advantage of its dominance in search and video by offering ads that are designed to lure consumers to its search engine and video services.
Alphabet’s stock has fallen by more than 25 percent this year, and it is trading below $15 per share.