![]() ![]() Selling reinforcement learningĭeepMind’s main area of focus is deep reinforcement learning, a branch of machine learning that is very useful in scientific research. One source who spoke to CNBC said that the sudden increase in DeepMind’s revenue could be “creative accounting.” Basically, it means that since Alphabet and its subsidiaries are DeepMind’s only clients, it could arbitrarily alter the price of its services to create the impression that it is becoming profitable. It is not clear which one of DeepMind’s ventures caused the spike in its revenue. Its customers are Alphabet and its subsidiaries. The filing does not provide much detail about DeepMind’s sources of income aside from a paragraph that says: “The Company generates revenue through a service agreement with another group undertaking for the provision of Research and Development services.”ĭeepMind does not directly sell products or services to consumers and companies. The company finished the fiscal year with a £44 million ($60 million USD) profit, up from a £477 million ($650 million USD) loss in 2019. In the same period, its expenses increased modestly from £717 million ($976 million USD) to £780 million ($1.06 billion USD). Watch Here Three-fold increase in revenueĪccording to DeepMind’s filing, it has raked in £826 million ($1.13 billion USD) in revenue in 2020, more than three times the £265 million ($361 million USD) it filed in 2019. ![]() Learn the critical role of AI & ML in cybersecurity and industry specific case studies. ![]()
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