Google announced on Thursday (18 April) that it will be merging teams that focus on building AI models across its Research and DeepMind divisions, in the latest move by the company to catch up in the GenAI race.

Google will be moving its Responsible AI teams from its Research department to DeepMind in order for it to be closer to where its AI models are being built, according to the company.The Responsible AI team focuses on safe AI development.

The move comes as concern about AI safety grows and global lawmakers increasingly seek effective ways to regulate the rapidly growing technology.

At the start of April, the UK and US governments signed a memorandum of understanding in a partnership to tackle AI safety and ethics.

The two countries previously pledged to work together on AI safety during the UKs AI Safety Summit in November 2023 at Bletchley Park.

Under the partnership, the UKs AI Safety Institute will share its research with the US. The countries have also committed to partnering with other countries on AI safety.

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The UKs Science, Technology and Innovation Secretary, Michelle Donelan, described the partnership as a landmark moment in AI development.

We have always been clear that ensuring the safe development of AI is a shared global issue, she said. Only by working together can we address the technologys risks head on and harness its enormous potential to help us all live easier and healthier lives.

GlobalData forecasts that the overall AI market will be worth $909bn (712.25bn) by 2030, registering a compound annual growth rate (GAGR) of 35% between 2022 and 2030.

In the GenAI space, revenues are expected to grow from $1.8bn in 2022 to $33bn in 2027 at a CAGR of 80%.

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Google merges DeepMind and Research teams in latest AI push - Verdict

After comparing the billions of dollars going into AI development to crypto hype, Googles AI chief executive said Monday the company will spend over $100 billion over time to develop AI technology.

ChatGPT requires 15 times more energy than a traditional web search, says Arm exec

Demis Hassabis, chief executive of Google DeepMind, talked about the tech giants investment into AI during a TED conference in Vancouver on Monday, where he was asked about OpenAIs and Microsofts reported plans for a U.S.-based data center referred to as Stargate, Bloomberg reported. The data center would house a supercomputer made up of millions of AI chips, and could cost up to $100 billion, The Information reported, citing unnamed sources.

We dont talk about our specific numbers, but I think were investing more than that over time, Hassabis said in response to the question about Stargate. He didnt offer further details on Googles spending plans, Bloomberg reported. Hassabis, who co-founded AI startup DeepMind in 2010 before it was acquired by Google in 2014, reportedly added that Google parent Alphabet has better computing power than its rivals, including Microsoft.

Thats one of the reasons we teamed up with Google back in 2014, is we knew that in order to get to AGI we would need a lot of compute, Hassabis said. Artificial general intelligence (AGI) is the point at which AI reaches human-level knowledge across a range of tasks. Google had and still has the most computers, Hassabis said.

In March, Hassabis told the Financial Times that the billions of dollars being poured into AI is reminiscent of crypto hype, and is taking attention away from the phenomenal science and research behind its development.

The investment into AI brings with it a whole attendant bunch of hype and maybe some grifting, he said, comparing it to crypto and similar areas, adding that the sentiment has now spilled over into AI, which I think is a bit unfortunate.

However, Hassabis said he thinks the industry is only scratching the surface of what is possible. Were at the beginning, maybe, of a new golden era of scientific discovery, a new Renaissance, he said.

More here:
Google will spend more than $100 billion on AI, exec says - Quartz

Speaking at a TED conference in Vancouver, DeepMind CEO Demis Hassabis said Google will spend $100 billion or more on AI over time.

According to Bloomberg, Hassabis - who leads DeepMind, the AI lab Google acquired in 2014 - was responding to a question about the $100 billion supercomputer Microsoft is allegedly planning to build with OpenAI, known as Stargate.

Hassabis said, "We don't talk about our specific numbers, but I think we're investing more than that over time."

Although he didn't say exactly how that money would be spent, or how quickly, he stressed that Google's processing power is higher than its rivals like Microsoft, Meta or AWS.

Presumably some of this money will go to DeepMind, which is not only Google's premier AI workplace, but now has to compete directly with Microsoft for talent in its London base.

For years, DeepMind has been practically uncontested in the London talent pool. Not only does Google generally have a reputation as an innovative workplace, but it could offer salaries higher than nearly anyone else could afford.

With Microsoft announcing its own London AI office last week, DeepMind - via Google - will have to get used to digging more deeply to attract and retain top talent.

Not that all of the money will go to talent. DeepMind has pushed the boundaries of AI in recent years, using the tech for everything from eye scans to controlling nuclear fusion.

One of its more recent developments was the release of Gemma, a family of small AI models that can run on laptops and PCs without sacrificing performance.

Not that all of DeepMind's developments have been a hit. Its material discovery work, Graph Networks for Materials Exploration (GNoME), was found to promise more than it delivers, and DeepMind itself said that its weather prediction model can't replace traditional forecasts yet.

Regardless, all of this work needs a ton of compute, which was one of the original reasons DeepMind teamed up with Google 10 years ago. Even if the company doesn't spend $100 billion on a single supercomputer, we're almost certain see the company adding more processing power to its portfolio.

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DeepMind CEO: Google will spend $100+ billion on AI - Computing

Demis Hassabis, CEO of Googles AI subsidiary Deepmind, estimates that the company will spend more than $100 billion on AI, given enough time.

He was responding to questions from the audience at a TED conference in Vancouver, Canada. Someone asked about Google Deepminds response to the announced Stargate supercomputer that tech magazine The Information reported on last month.

The article outlined a data center under construction, containing a computer that would contain millions of specialized server chips to provide DeepMinds competitor OpenAI with even more computing power. Microsoft, which has a major stake in OpenAIs success, would cough up the 100 billion that the mega-project is projected to cost. Microsoft has already invested 13 billion into OpenAI, the company behind ChatGPT.

We dont talk about our specific numbers, but I think were investing more than that over time, Hassabis replied. And he left it at that. He did add, however, that Googles parent company Alphabet has superior computing power compared to competitors, including Microsoft.

Thats one of the reasons we teamed up with Google back in 2014, is we knew that in order to get to AGI (Artificial General Intelligence ed.), we would need a lot of compute, he continued, according to Bloomberg. AGI is the supposed and controversial threshold at which AI outperforms humans in a wide range of tasks.

Remarks like these are proof of the investment race gripping Silicon Valley when it comes to AI. Microsoft is not only the leading investor in OpenAI, but recently (and rather unofficially) acquired pretty much all of Inflection AI. Mustafa Suleyman, co-founder of that company, became the new lead of Microsofts new AI division. Not only did he co-found Inflection AI, he also co-founded DeepMind at the time.

While Google managed to acquire Deepmind, Microsoft has now scooped up Inflection AI, or at least its people and product. Microsoft did pay the remaining husk $620 million for software licenses and LLMs, plus $30 million to ward off legal ramifications.

To the European Commission (EC), Microsoft argued that Google is the only company that can be at the forefront of AI without outside help. According to Microsoft, collaborations such as the one with OpenAI are necessary to provide Google with any competition.

Demis Hassabis founded DeepMind in 2010. Four years later, Google acquired the company.

Also read: Claude 3 is better than GPT-4 and Gemini: OpenAI has more and more competitors

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Deepmind CEO expects to spend more than $100 billion on AI - Techzine Europe

In a groundbreaking announcement, Googles AI subsidiary DeepMinds CEO, Demis Hassabis, revealed the tech giants staggering commitment to revolutionize artificial intelligence with an investment surpassing $100 billion. Hassabis made this revelation during a recent TED conference, highlighting Googles determination to lead the charge in AI development.

Since its inception, DeepMind has been at the forefront of AI innovation, and Googles acquisition of the company in 2014 signaled its strategic focus on advancing AI capabilities. According to Hassabis, this monumental investment underscores Googles dedication to achieving artificial general intelligence (AGI), a concept denoting AI systems surpassing human intellect.

Hassabis emphasized that superior computing power is pivotal to realizing AGI, asserting Googles computational prowess over competitors like Microsoft. This assertion aligns with Googles strategic partnership with DeepMind, recognizing the need for extensive computational resources to propel AI research forward.

The announcement comes amidst reports of Googles potential introduction of premium GenAI features, marking a significant shift in its product monetization strategy. While the core search engine remains free, the prospect of premium features hints at Googles exploration of new revenue streams in the AI domain.

Meanwhile, Microsoft and OpenAI are also making waves with their ambitious plans for a $100 billion data center project, including the development of the Stargate supercomputer slated for 2028. This initiative reflects the escalating demand for advanced AI infrastructure to support increasingly complex workloads.

The global AI market is poised for exponential growth, with forecasts projecting a staggering worth of $909 billion by 2030. Revenue in the GenAI sector is expected to skyrocket from $1.8 billion in 2022 to $33 billion in 2027, underscoring the transformative potential of AI technology across industries.

Hassabis acknowledged the growing public interest in AI systems, epitomized by the widespread adoption of OpenAIs ChatGPT, despite inherent imperfections. This acknowledgment underscores the evolving societal acceptance of AI technologies, despite ongoing challenges and uncertainties.

Through strategic investments and collaborative partnerships, Google aims to shape the future of AI, unlocking unprecedented possibilities and driving societal progress on a scale never before imagined. As the journey towards artificial general intelligence unfolds, the world watches with bated breath, eager to witness the transformative power of AI technology in reshaping our collective future.

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DeepMind CEO Announced Google's Plan to Invest Over $100B in AI - Blockchain Council