Google and Alphabet CEO Sundar Pichai talked up the company's artificial intelligence projects during its Q4 2022 earnings call.
to take a direct interest in Google's efforts, years after they stepped down from day-to-day work at the company in 2019.
In addition to touting forthcoming search improvements, the company also said that starting in Q1, it will change the financial reporting structure for its DeepMind artificial intelligence segment so it rolls up to Google, instead of the Other Bets segment that includes long-payoff projects like self-driving cars and venture capital investments.
Google acquired the London-based company in 2014 for more than $500 million and then placed it under Other Bets umbrella when the company reorganized as Alphabet in 2015. DeepMind turned a profit for theThis reporting change “reflects the strategic focus in Deepmind to support each one of our segments,” Alphabet's finance chief Ruth Porat said on Thursday's earnings call.
"To be very clear, we consolidate Other Bets into Google only when that bet supports products and services within Google or Alphabet broadly," Porat added, pointing to cybersecurity companyPichai also said the company will also provide "new tools" and APIs for developers, creators and partners to "empower them to discover new possibilities with AI. He added, "these models are particularly amazing for composing, constructing and summarizing.
But Pichai also warned that it will need to scale slowly, saying he views large language usage still as “early days.”that employees had asked about the threat from ChatGPT in an internal meeting, and Google’s Jeff Dean told employees that Google has much more “reputational risk” in providing wrong information, and thus was moving “more conservatively than a small startup.”
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