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In 2021 Deepmind generated $2bln in revenue. This was paid by Google for unspecified research services. But the way it’s accounted for it’s likely that it was
by tempusalaria 3y ago
In 2021 Deepmind generated $2bln in revenue.
This was paid by Google for unspecified research services. But the way it’s accounted for it’s likely that it was based on some legitimate contribution. It is unlikely it would be structured this way if it was just corporate support.
DeepMind has public financial filings and you can go read the exact language they use to describe the revenue they generate.
- dougmwne 3y agoSounds like corporate funny money to me, not real revenue.
- tempusalaria 3y agoIf it was, it probably wouldn’t be accounted for in taxable fashion as it is today. DeepMind is profitable and paying tax on that profit. It’s public information that you can see in its UK regulatory filings.
- dougmwne 3y agoFair point. I didn't realize it was taxable as I am used to only profits being taxed and assumed Deepmind is run at a loss.
- jstx1 3y agoIt's like bragging about earning a good salary and then it turns out that you work for your dad.