Tag Archives: unit

Google’s UK-based artificial intelligence unit DeepMind lost half a billion pounds last year, a similar figure to 2018, and its parent company Alphabet wrote off a further £1.1bn in debt, according to its latest accounts. The figures underline the huge investment that Google continues to make in the London-based AI team that it acquired in 2014 for about £400m, with the most talented machine-learning researchers able to command huge salaries. DeepMind’s revenues,… Source link

YEKATERINBURG, RUSSIA – OCTOBER 30, 2020: A Yandex.Taxi car (C) moves along Lenina Avenue. Donat … [+] Sorokin/TASS (Photo by Donat SorokinTASS via Getty Images) Donat Sorokin/TASS Yandex.Taxi has said that it maintained profitability during the pandemic despite the ride-hailing sector’s deep challenges in the crisis. Aram Sargsyan, Yandex.Taxi’s regional general manager for markets including EMEA and Eurasia, said that the division of the Russian… Source link

You know your company has tremendous market power when an agency is created just to watch you. That’s practically what has happened in the U.K. where the Competition and Markets Authority… Source link

Mark Zuckerberg, Chairman and Chief Executive Officer of Facebook, arrives to testify during the House Financial Services hearing on An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors on Wednesday, Oct. 23, 2019. Bill Clark | CQ-Roll Call, Inc. | Getty Images LONDON —  The U.K. on Friday said a new government unit will work to tackle ongoing concerns about a concentration of power among a small number of tech giants. The Department for Digital, Culture,… Source link

TipRanks 3 “Strong Buy” Stocks That Tick all the Boxes It’s been said that gridlock is a feature, not a bug, of the US Constitution, and we may be about to find that out. The election results have left some questions to be resolved, but a few things are coming clear: Democrat Joe Biden is the winner of the Presidential race, but down ballot, the Republicans appear to have made important gains. We’re looking at the prospect of divided government – a Biden Administration with a… Source link

Russian internet search engine Yandex has separated its cloud platform Yandex.Cloud into an independent business unit. The decision was taken on the back of the platform’s strong results in 2018-2020. Yandex.Cloud revenues have tripled since the start of the year.  More than 7,000 business customers currently use Yandex.Cloud for business development. The user base includes SMEs, large private companies and state-owned companies working in various segments of economy. Large… Source link

Self-driving cars are still many years away from becoming a ubiquitous reality, but today, one of the bigger efforts to build and develop them is taking a significant step out as part of its strategy to be at the forefront for when they do. Yandex — the publicly traded Russian tech giant that started as a search engine but has expanded into a number of other, related areas (similar to U.S. counterpart Google) — today announced that it is spinning out its self-driving car unit from… Source link