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December 17, 2020
While the crucial AI labs revenue spiked, its losses also widened. Bloomberg | Dec 17, 2020 Amy Thomson (Bloomberg) -- Alphabet Inc.’s Google waived a 1.1 billion-pound loan ($1.5 billion) to DeepMind Technologies Ltd. in 2019 after the U.K.-based artificial intelligence lab continued to ramp up the scale of its research and development. Revenue jumped 158% in 2019, DeepMind said in a financial filing this week. Sales were 265.5 million pounds, up from 102.8 million pounds a year ea...
December 17, 2020
Article content (Bloomberg) — Alphabet Inc.’s Google waived a 1.1 billion-pound loan ($1.5 billion) to DeepMind Technologies Ltd. in 2019 after the U.K.-based artificial intelligence lab continued to ramp up the scale of its research and development. Revenue jumped 158% in 2019, DeepMind said in a financial filing this week. Sales were 265.5 million pounds, up from 102.8 million pounds a year earlier. Its losses also widened, increasing 1.4% to 476.6 million pounds. We apologize, but this v...
December 17, 2020
Google Waives $1.5 Billion DeepMind Loan as AI Costs Mount Bloomberg 12/17/2020 Amy Thomson © Photographer: Chris Ratcliffe/Bloomberg A visitor passes a sign featuring Google Inc.s logo inside their U.K. headquarters at Six St Pancras Square in London. (Bloomberg) -- Alphabet Inc.’s Google waived a 1.1 billion-pound loan ($1.5 billion) to DeepMind Technologies Ltd. in 2019 after the U.K.-based artificial intelligence lab continued to ramp up the scale of its research and ...