Last week, on the heels of DeepMind’s breakthrough in using artificial intelligence to predict protein folding came the news that the UK-based AI company is still costing its parent company Alphabet Inc hundreds of millions of dollars in losses each year. A tech company losing money is nothing new. The tech industry is replete with examples of companies who burned investor money long before becoming profitable. But DeepMind is not a normal company seeking to grab a share of a specific market. It is an AI research lab that has had to repurpose itself into a semi-commercial outfit to ensure…
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