DeepMind, the London-based artificial intelligence firm owned by Alphabet, cost its parent roughly $572 million in 2018, according to financial filings in the U.K. While DeepMind’s revenues nearly doubled from the year prior to 102,802 million pounds, expenses also grew 70% to 568,273 pounds. In addition to the year’s losses, DeepMind owes around $1.3 billion in debt, the filings show. The...
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TikTok’s Last Stand: Can an Army of Lobbyists Quell a Washington Uprising?
There’s perhaps no one in Washington who distrusts TikTok quite as much as Brendan Carr. Carr, a 44-year-old Donald Trump appointee to the Federal Communications Commission, has spent much of the last year going around cable news and elsewhere calling for the hugely popular short-video app to be restricted, if not banned, over its ties to Chinese parent company, ByteDance. TikTok is a...
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