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Google DeepMind (formerly known as DeepMind) has not just given the world breakthrough AI technologies, like AlphaGo, AlphaFold, AlphaDev, AlphaStar, and AlphaCode but has also given birth to AlphaLeader – a new breed of tech entrepreneurs that are solving real-world problems, and are often referred to as Google DeepMind Mafia. | | | | | | | | | |
Founded in 2010, DeepMind was started by Demis Hassabis, Shane Legg, and Mustafa Suleyman, and was later acquired by Google in 2014. Only recently it got rebranded as Google DeepMind. The research lab is popularly known for bringing together world-class AI talent.
Over the last few years alone, close to 200 former DeepMind employees have built their startups in AI, blockchain, life science, climate tech, energy, and others. They have also successfully raised millions of dollars from investors, some have turned into investors, and a few of them are operating in stealth mode. Some of the notable AI startups include Inflection, Mistral AI, Glyphic AI, and Shift Lab, Common Sense Machines, among others. (see below)
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Google DeepMind has over 1,000 employees, almost thrice more than OpenAI. It has produced 30 times more research papers in the past three years with more diversity than OpenAI.
The credit goes to its deep-rooted philosophy of collaboration and focused teams working on extremely complex and multidisciplinary projects. "DeepMind is very clear and focused on its mission," said the head of research at Google DeepMind, Pushmeet Kohli, previously, in an exclusive interview with AIM.
Catch ‘em Young
DeepMind is on the lookout for young talent in AI. A few months ago, it partnered with Raspberry Pi to help educators teach and promote subjects of AI and machine learning to young minds – catching ‘em young.
The research lab has a history of collaborating with educators, including STEM Learning, The Brilliant Club, Stemettes, British Science Association and Apps for Good. It aims to reach 500 schools (i.e. 10% of UK secondary schools) and over 100,000 young people. It already has initiatives such as fellowship and scholarship programs for postgraduates.
DeepMind is emerging as a test-bed for producing AI leaders and tech entrepreneurs, who are breaking the boundaries of AI and computing and creating a real impact in the world. Want to know more about the Google DeepMind mafia? Read more here.
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Top Stories of the Week >>
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Will Google’s Project IDX Kill Other App Development Frameworks?
Google recently embarked on a groundbreaking journey with Project IDX – an initiative that integrates AI into its cloud-based multi-platform app development ecosystem. Over the years, it has been working on simplifying multi-platform app development through offerings like Angular, Flutter, Google Cloud, and Firebase.
Google's latest project now aims to integrate everything into a unified system for app development, bringing us to question if it will kill other app development frameworks. Read to find out.
Meta’s Double Helix & Farewell to Protein Folding
After abandoning its metaverse dream, Meta has laid off its protein folding team that built the revolutionary ESMFold or Evolutionary Scale Modelling for protein structure prediction, exactly two years ago. The 12-member team also created a comprehensive database of over 600 million protein structures.
But, why? The move indicates Meta shifting its focus from life sciences to generating revenue from commercial AI. Read more here.
OpenAI Might Go Bankrupt by the End of 2024 OpenAI is in a deep crisis. The heat from competitors, mounting losses, declining users, and piling lawsuits, among other setbacks, is making the company less and less sustainable. If the situation persists, there are chances of the company filing bankruptcy pretty soon. Want to know more? Read the full story here.
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How Deutsche Bank is Riding the Generative AI Wave | | | |
Deutsche Bank is perhaps one of the early adopters of generative AI. It has followed a strategic approach in embracing generative AI and advanced technologies as catalysts for transformation within the financial sector, which has initially been shying away from jumping into the bandwagon.
The banking giant is not only riding the generative AI wave but also pioneering a comprehensive evolution of their business practices for the future. Learn more here.
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| | | | | | | | | | - The Reserve Bank of India (RBI) has announced its plans to integrate AI into the realm of digital payments, particularly focusing on the Unified Payments Interface (UPI). Read more here.
- GitHub recently announced an update to enhance the security of secret codes for both individual developers and developer groups.
- IBM announced that it would host Meta’s Llama 2-chat 70 billion parameter model in the watsonx.ai studio, with early access available to select clients and partners. Read: How Llama 2 Became the Heartbeat of IBM’s Strategy
- OpenAI this week announced that Custom Instructions are now available to ChatGPT users on the free plan.
- OpenAI decided to fund a new journalism ethics initiative at New York University‘s Arthur L. Carter Journalism Institute with a $395,000 grant.
- Oracle introduced Oracle Compute Cloud@Customer, an advanced rack-scale cloud infrastructure solution that empowers organizations to leverage OCI compute services in various environments.
- After HCLTech, Infosys became the second IT giant to introduce a sonic brand identity, the auditory equivalent of its blue visual identity and logo.
- TSMC, alongside Robert Bosch GmbH, Infineon Technologies AG, and NXP Semiconductors N.V. announced their joint investment in the European Semiconductor Manufacturing Company (ESMC) GmbH, located in Dresden, Germany.
- Genpact announced that it has incorporated generative AI capabilities into its proprietary Enterprise360 intelligence platform leveraged by clients worldwide.
- ElevenLabs unveiled a new feature this week – input streaming for generating speech in real-time with remarkable sub-1-second latency. Learn more here.
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