DeepMind 2022 Financial Report: Employee Costs Down 39%, Profit Down 40%
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According to DeepMind's 2022 financial report, Alphabet's subsidiary DeepMind implemented significant staff cost reductions, cutting employee costs by 39%. However, the same report showed that the company's net profit fell by over 40%. To improve efficiency, Alphabet merged the AI departments of Google and DeepMind in April 2023 to better share knowledge and computational resources. Additionally, DeepMind plans to launch Gemini, which will be a competitive response to OpenAI's GPT-4, demonstrating DeepMind's ongoing competition and innovation in the AI field.
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