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Image: Loon

Alphabet is shutting down Loon, one of its "moonshots," which aimed to deliver internet service via high-altitude balloons.

Why it matters: The effort was one of several approaches designed to get high-speed connectivity to some of the world's most remote spots and proved useful in the aftermath of disasters that shut down traditional infrastructure.

Alphabet confirmed the move, first reported by Wired, in a blog post.

What they're saying: "While we’ve found a number of willing partners along the way, we haven’t found a way to get the costs low enough to build a long-term, sustainable business," Loon chief executive Alastair Westgarth said in a blog post.

  • "Developing radical new technology is inherently risky, but that doesn’t make breaking this news any easier."

Go deeper: Alphabet's Loon launches balloon-based internet service in Kenya

Go deeper

Jan 26, 2021 - Technology

Part of East Coast hit by internet outages

Illustration: Annelise Capossela/Axios

Internet users in the Washington-to-Boston corridor reported widespread outages Tuesday, affecting service for both broadband and internet content.

Driving the news: Many Americans have been unable to access remote learning and telework because of the outages, which have affected ISPs including Verizon FiOS, Charter and Comcast as well as internet services including Google, YouTube, Amazon's AWS and Zoom.

Lawmakers call for Israel-Hamas ceasefire amid aerial bombardments

Combination images of Republican Sen. Todd Young and Democratic Sen. Chris Murphy. Photo: Michael Reynolds-Pool/Getty Images/Greg Nash-Pool/Getty Images

Sen. Todd Young (R-Ind.) and 28 Senate Democrats on Sunday called for a ceasefire between Israel and Hamas as fighting continued into the night.

Driving the news: In the first bipartisan call for a ceasefire, Young, a ranking member of the U.S. Senate Foreign Relations Subcommittee on Near East, South Asia, Central Asia and Counterterrorism, joined its Chair Chris Murphy (D-Conn.) a statement saying: "Israel has the right to defend itself from Hamas' rocket attacks, in a manner proportionate with the threat its citizens are facing.

Bill Gates faces scrutiny over relationship with Microsoft employee, Epstein ties

Photo: Alessandro Di Ciommo/NurPhoto via Getty Images

Representatives for Bill Gates pushed back on claims Sunday that he left Microsoft's board because of an earlier sexual relationship and against two other reports detailing more extensive ties with Jeffrey Epstein than had previously been reported.

Driving the news: Microsoft said in an emailed statement to Axios that it "received a concern" in 2019 that its co-founder "sought to initiate an intimate relationship with a company employee in the year 2000," but denied a Wall Street Journal report that its board members thought Gates should resign over the matter.