DeepMind Technologies, the AI research company owned by Alphabet, has reduced its expenses related to staff by 39% in 2022. The company, which is part of Google's parent company, Alphabet, saw a drop in profit alongside the cost-cutting measures. The employee costs were reduced to £595 million in 2022, down from £969 million in 2021. The revenue also fell by 21% year-on-year. This move comes as DeepMind aims to streamline its operations and improve its financial performance.
Alphabet's AI lab, DeepMind, cut employee costs by nearly 40% in 2022, alongside a drop in profit https://t.co/CDH41OQ5dW
Alphabet's AI lab, DeepMind, cut employee costs by nearly 40% in 2022, alongside a drop in profit https://t.co/ZdWM9rVoS7
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 (@tw_seal / Bloomberg) https://t.co/hyikqwJSs5 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/hg8MVjE92B
DeepMind Technologies, the AI research company owned by Alphabet, slashes expenses related to its staff by 39% last year https://t.co/IwOwgBZ4PL
DeepMind Technologies, the AI research company owned by Alphabet, slashes expenses related to its staff by 39% last year https://t.co/wA9ClbnOw1
DeepMind the artificial intelligence (AI) research company owned by Google $GOOGL owned said it slashed expenses related to its staff by 39% in 2022 - Bloomberg
$GOOGL (+0.6% pre) Alphabet’s UK AI Lab DeepMind Slashed Employee Costs 39% in 2022 - BBG (2/2) https://t.co/wN4apnsNAN
$GOOGL (+0.6% pre) Alphabet’s UK AI Lab DeepMind Slashed Employee Costs 39% in 2022 - BBG (2/2) https://t.co/1YxHUO9Bso