Formerly known as Google X, the new X Lab is responsible for "moonshots" -- those big bets on the future.
X Lab's most famous project is driverless cars, but the company also has developed delivery drones, wifi-emitting balloons, Google Glass, and a spoon for Parkinson's patients, among other projects.
The company also has a Life Sciences division, making products like contact lenses that can read your blood glucose levels.