DeepMind, Alphabet's AI lab, reduced employee costs by 39% in 2022, cutting expenses from £969.4 million to £594.5 million. This comes as part of Alphabet's efforts to increase efficiency, with CEO Sundar Pichai aiming to make the company 20% more productive. DeepMind's profit also decreased by over 40% in 2022, down to £60.9 million from £102.4 million in 2021. However, the company still plans to invest in fundamental research and sees the potential of AI in unlocking scientific discoveries. DeepMind recently announced the closure of its AI research office in Canada.
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