DeepMind makes huge R&D progress, still losing money


The AI lab was founded in 2010 by Demis Hassabis, Mustafa Suleyman, and Shane Legg. In 2014, Alphabet acquired DeepMind for about $600 million. 

DeepMind solves problems with world-class R&D

DeepMind is in the problem-solving business. It is trying to find an AI  solution to every problem. It developed a system for making centers more energy-efficient. It also achieved accuracy with Google Maps travel times.

This is a company that works hard on what Elon Musk calls, “The matrix within the matrix.” AI is a more effective technology with unlimited potential with Machine Learning and Deep Learning tools. 

One of those tools is called AlphaFold. The company developed the technology to predict the shape of proteins. This has possible uses for drug research to engineering enzymes.   

“During the period covered by these accounts, DeepMind laid the foundations for our groundbreaking results in protein structure prediction,” the company claimed in a  statement. “Our teams were involved in a huge range of projects, from improving the predictability of wind power to accelerating ecological research in the Serengeti.”