Wednesday, October 11, 2023

Filing: Alphabet-owned DeepMind cut expenses related to employees by to £595M in 2022, down 39% from £969M in 2021, as revenue fell 21% YoY (Thomas Seal/Bloomberg)

Thomas Seal / Bloomberg:
Filing: Alphabet-owned DeepMind cut expenses related to employees by to £595M in 2022, down 39% from £969M in 2021, as revenue fell 21% YoY  —  - Alphabet-owned AI research unit saw revenues fall in 2022  — London-based DeepMind slashed staff costs 39% in the period



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SoftBank says it is struggling to find startups in Latin America ready for major investments and has completed only two new deals over the past two years (Bloomberg)

Bloomberg : SoftBank says it is struggling to find startups in Latin America ready for major investments and has completed only two new d...