DeepMind, the UK-based AI lab that seeks to develop artificial general intelligence, has finally become profitable, according to the company’s latest financial report.
Since being acquired by Google (now Alphabet Inc.) in 2014, DeepMind has struggled to break even with its growing expenses. And now, it is finally giving its parent company and shareholders hopeful signs that it has earned its place among Alphabet’s constellation of profitable businesses.
This could be wonderful news for the AI lab, which has been hemorrhaging large sums throughout its entire life.
But the financial report is also shrouded in vagueness that suggests if DeepMind has indeed found its way to profitability, it has done so in a way that makes it inextricably tied to the products and business model of Google.
Read the full analysis on TechTalks.
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