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Google wrote off more than $1 billion in debt for its burgeoning AI startup DeepMind, according to the firm s latest account filings.
The move underscores Google s commitment to its investment in DeepMind, with few indications the firm is likely to turn a profit any time soon.
The firm posted another loss for the year, at $626 million, and revenue of $360 million.
A DeepMind spokesperson said the firm was excited to build on this unprecedented progress as we head into next year.
Google let more than a billion dollars in debt slide as its UK-based AI arm DeepMind continued to make losses, according to the London-based firm s latest filings.
WatersTechnology.com
Datactics Experiments with Knowledge Graphs
The company aims to show that pairing good quality data with knowledge graphs can lead to links that previously would have been missed. Print this page
Belfast-based Datactics is experimenting with knowledge graphs, which are becoming increasingly popular among financial services firms, and could improve a firm’s downstream data analysis, such as for fraud detection.
It is working on an internal project using datasets from the UK Companies House which registers company information and makes it available to the public to illustrate how firms can improve steps after aligning their data, particularly when the quality of information to work with