Wednesday, December 30, 2020

DeepMind's big losses, and the questions around running an AI lab

Recommendable! State of the art AI research is not cheap! And apparently its commercialization is not covering its costs! At least it is Alphabet/Google's contribution to major advances in AI and machine learning.

"... According to its annual report filed with the U.K.’s Companies House register, DeepMind has more than doubled its revenue, raking in £266 million in 2019, up from £103 million in 2018. But the company’s expenses continue to grow as well, increasing from £568 million in 2018 to £717 million in 2019. The company’s overall losses grew from £470 million in 2018 to £477 million in 2019. ..."

DeepMind's big losses, and the questions around running an AI lab | VentureBeat

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