Wednesday, October 6, 2021

g-f(2)543 THE BIG PICTURE OF THE DIGITAL AGE (10/6/2021), The Motley Fool, Google's DeepMind Artificial Intelligence Unit Is No Longer a Money Loser

VIRAL KNOWLEDGE: The “genioux facts” knowledge news

If you only have some seconds

ULTRA-condensed knowledge

"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital ageArtificial Intelligence, Costly research (10/6/2021)  g-f(2)426 


Google's DeepMind Artificial Intelligence Unit Is No Longer a Money Loser, The Motley Fool

    • On Tuesday, DeepMind said it made a $63 million pre-tax profit in 2020 — chiefly because revenue more than tripled to $1.1 billion.  
    • That revenue is up because DeepMind's costly research is starting to find practical applications. Like a Google Maps collaboration that used AI to improve arrival times on the service by 50%. And a feature on Google's Android Pie phone operating system that uses DeepMind's tech to save battery power.
    • Finally: hope for all the plucky little start-ups with the backing of a $1.7 trillion parent company.

                  Genioux knowledge fact condensed as an image


                  Extra-condensed knowledge

                  Lessons learned 

                  Artificial Brain Drain, The Motley Fool

                    • Google's DeepMind can predict almost exactly where and when it's going to rain, but for years, the artificial intelligence company couldn't figure out how to stop drowning in debt.
                    • DeepMind, which is likely the largest AI research operation in the world, has a very unique revenue model: it makes 100% of its money selling the technologies it develops to other subsidiaries of Alphabet, Google's parent company.
                    • But while Alphabet brought in $182.5 billion in revenue last year, DeepMind was hemorrhaging money for years — losing more in both 2018 and 2019 (about $680 million each year) than Google paid for it in 2014 ($545 million). Alphabet also wrote off $1.5 billion in DeepMind's debt in 2019.

                    Condensed knowledge

                    Alert, Costly research, The Motley Fool

                    • Big Brains, Big Bucks: DeepMind's costs are incredibly high because major tech companies are engaged in an all-out war to hire the top human minds in AI, which is still a relatively nascent field but could transform, well, everything. In 2020, DeepMind's staffing costs were $1 billion, up from around $977 million in 2020.
                    • Silicon Corleone: Google, Facebook, Amazon, and Microsoft are all said to have poached tenured university professors by offering them up to 10 times their academic salary — that's an offer few refuse.

                    Some relevant characteristics of this "genioux fact"

                    • Category 2: The Big Picture of the Digital Age
                    • [genioux fact deduced or extracted from geniouxfacts]
                    • This is a “genioux fact fast solution.”
                    • Tag Opportunities those travelling at high speed on GKPath
                    • Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).
                    • Type of validity of the "genioux fact". 

                      • Inherited from sources + Supported by the knowledge of one or more experts.


                    “genioux facts”: The online programme on MASTERING “THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)543, Fernando Machuca, October 6, 2021, Corporation.

                    ABOUT THE AUTHORS

                    PhD with awarded honors in computer science in France

                    Fernando is the director of "genioux facts". He is the entrepreneur, researcher and professor who has a disruptive proposal in The Digital Age to improve the world and reduce poverty + ignorance + violence. A critical piece of the solution puzzle is "genioux facts"The Innovation Value of "genioux facts" is exceptional for individuals, companies and any kind of organization.

                    Key “genioux facts”

                    Featured "genioux fact"

                    g-f(2)2393 Unlock Your Greatness: Today's Daily Dose of g-f Golden Knowledge (May 2024)

                      genioux Fact post by  Fernando Machuca  and  Claude Updated June 1, 2024 Introduction: Welcome to May 2024's edition of "Unlock Y...

                    Popular genioux facts, Last 30 days