A peek inside Alphabet’s $7 billion growth-stage investing arm, CapitalG

Almost a year ago, Alphabet’s growth stage venture arm, CapitalG, named partner Laela Sturdy as its new head, just as the unit’s founder, David Lawee, stepped down. Few were surprised Sturdy was promoted to the post. She joined Google in 2007 in a marketing role, was pulled into a number of departments in the following … Read more

Alphabet’s AI lab, DeepMind, cut employee costs by nearly 40% in 2022

DeepMind CEO Demis Hassabis at a 2017 event in China. Source: Alphabet Alphabet’s AI lab, DeepMind, cut employee costs by 39% last year, according to a recent filing with a U.K. government agency. For the 2022 financial year, staff costs and other related expenses were 594.5 million pounds (nearly $731 million), down from 969.4 million … Read more