Artificial Intelligence: Alphabet Reorganizes Its AI, Merges Google Brain And DeepMind
Google is creating a new AI-focused group called Google DeepMind.
Alphabet (NASDAQ: GOOGL) is merging two of its research divisions, Google Brain and DeepMind, in an effort to bolster its position in the increasingly competitive field of artificial intelligence (AI). The move will allow both groups to work more closely together and take advantage of Google’s computational resources.
Jeff Dean, currently the head of Google’s AI efforts, will be promoted to the position of chief scientist and will be in charge of overseeing the most crucial AI-related technical projects including powerful, multimodal AI models. (CNBC)
“This means cracking seemingly impossible, foundational and long-term challenges in computer science — including in Al and ML — that benefit people’s lives around the world, from algorithms and theory to privacy and security to quantum computing, health, responsible Al, and more,” said CEO Sundar Pichai said in a memo to employees.
DeepMind CEO Demis Hassabis will head the development of general AI systems that would power the next generation of Google’s products and services.
Areas such as algorithms and theory, privacy and security, quantum computing, health, and ethical AI will remain the domain of Google Research.
Google acquired DeepMind in 2014 for a rumored $500 million, and it has until now been run as an independent unit. DeepMind has been responsible for several breakthroughs, such as AlphaFold, which can predict 3D models of protein structures.
The merger follows OpenAI’s launch of its chatbot ChatGPT in 2022 and Google’s reshuffling of its Assistant organization to prioritize the company’s AI chatbot Bard. The rapid advancements in AI have prompted Google to undertake its latest reorganization, and it will unfold over the next few weeks.
Related Story: DeepMind Uses Reinforcement Learning (AI) To Boost HVAC Efficiency
Image: DeepMind’s New York office
Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…