Google’s DeepMind swallows £1.1bn in funding as losses mount
DeepMind’s parent has agreed to continue funding the company for at least a year
Alphabet’s Google waived a £1.1bn ($1.5bn) to DeepMind Technologies in 2019 after the UK-based artificial intelligence lab continued to ramp up the scale of its research & development.
Revenue jumped 158% in 2019, DeepMind said in a financial filing this week. Sales were £265.5m, up from £102.8m a year earlier. Its losses also widened, increasing 1.4% to £476.6m...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.