DeepMind Shifts Strategy as UK Grapples with Lost AI Dividend

Google DeepMind is retaining nearly all profits and shifting away from pure research, marking a decisive end to the semi-autonomous era that once made London a hub for AI development. The £174 million in profit that DeepMind generated in 2024 will not be distributed as dividends, reversing a £175 million payout to its parent company Alphabet the previous year—a move that underscores a fundamental realignment in how Alphabet deploys its flagship AI research lab.