AI lab DeepMind becomes profitable and bolsters relationship with Google

The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. DeepMind, the U.K.-based AI lab that seeks to develop artificial general intelligence, has finally become profitable, according to the company's latest financial report. Since being acquired by Google (now Alphabet Inc.) in 2014, DeepMind has struggled to break even with its growing expenses. And now, it is finally giving its parent company and shareholders hopeful signs that it has earned its place among Alphabet's constellation of profitable businesses. This could be wonderful news for the AI lab, which has been hemorrhaging large sums throughout its entire life.