Alphabet Inc. (NASDAQ:GOOG) artificial intelligence unit is costing millions

Alphabet Inc. (NASDAQ:GOOG) artificial intelligence unit is costing millions

Alphabet Inc. (NASDAQ:GOOG) artificial intelligence unit is costing millions

Revolutionising the world with cutting-edge artificial intelligence is, as it turns out, an expensive endeavour.

DeepMind, the AI research unit belonging to Google, has seen its costs almost triple in 2017, thanks to rising staff and infrastructure expenses.

It is also making more revenue by commercialising its technical breakthroughs to help its parent firm with things like cooling server warehouses, according to earnings filed at the UK’s Companies House.

DeepMind’s revenue doesn’t, as yet, reflect any money it makes from its healthcare work. A spokeswoman said its reported turnover mostly reflects the work DeepMind does for its parent Google, such as using AI to cool Google’s server warehouses and work on Google Assistant. According to a June report by a panel that oversees the firm’s healthcare work, the company doesn’t make money from its health business yet.

The filings show DeepMind spent £8.1 million on academic donations. Asked for clarification, a spokeswoman said the company had given grants to New York University, University College London, Imperial, and the University of Alberta “to support AI research initiatives.” The donations don’t come with conditions, she added, and all institutions disclose their grants publicly.

Demis Hassabis, CEO and cofounder of DeepMind, said in a statement: “We’re on a long-term scientific mission to solve intelligence and use it to benefit the world, and we’re really proud of the impact our work is already having in areas from healthcare to energy.

Overall, the bias in prices is: Downwards.

The projected upper bound is: 1,205.14.

The projected lower bound is: 1,127.42.

The projected closing price is: 1,166.28.


A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 21 white candles and 29 black candles for a net of 8 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 49.4171. This is not an overbought or oversold reading. The last signal was a sell 3 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 42.87. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 48 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -43. This is not a topping or bottoming area. The last signal was a sell 0 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 10 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed down -34.760 at 1,168.190. Volume was 50% above average (neutral) and Bollinger Bands were 46% narrower than normal.

Open High Low Close Volume___
1,195.3301,197.5101,155.5761,168.190 2,209,490

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 1,185.93 1,204.82 1,126.02
Volatility: 23 20 29
Volume: 1,726,919 1,444,513 1,632,714

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


ALPHABET INC C is currently 3.7% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of GOOG.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on GOOG.O and have had this outlook for the last 2 periods.

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