Scientists Laurent Sifre and Karl Tuyls, who have already given notice to leave DeepMind, have held discussions with investors about a financing round that could raise over 200 million euros ($217.84 million), the report said. Google and DeepMind did not immediately respond to Reuters' requests for comment. DeepMind was acquired by Alphabet-owned Google around a decade ago to fuel AI research and has now deployed its own offerings in the race to compete with generative AI chatbots like Microsoft-backed ChatGPT...

According to many experts, artificial intelligence will be a boom for productivity and efficiency—but only if quality data is provided. Tech giants including Meta (META) and Google (GOOG, GOOGL) are taking the lead and could very easily swallow the smaller stakeholders in the sector, specifically in the monetization of data. Nomad Data CEO Brad Schneider discusses how AI will turn data into dollars. Schneider notes that social and online media sites will instrument the first wave of data monetization, which involves training large language models, while the second wave focuses on more specific, “narrower” models that serve single functions. Large tech companies are "the most data-hungry ones today,” Schneider explains, saying they are "building the tools" of the so-called AI revolution. Schneider goes on to say smaller companies will be able to innovate AI faster. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim...