DeepMind’s big losses, and the questions around running an AI lab
December 28, 2020
Last week, on the heels of DeepMind’s breakthrough in using AI to predict protein-folding came the news that the UK-based AI company is still costing its parent company Alphabet Inc hundreds of millions of dollars in losses each year.
A tech company losing money is nothing new. The tech industry is replete with examples of companies who burned investor money long before becoming profitable. But…