DeepMind losses deepen

DeepMind, the nine year-old  London AI startup bought by Google in 2014 for £400 million, lost £470 million last year bringing its total losses to over £1 billion. The loss was 55% up on 2017’s loss.  Revenues doubled to  £102.8m in 2018 compared to 2017, but staff costs rose 70% to  £568.3 million on the ...

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