00:00It's Benzinga bringing Wall Street to Main Street.
00:02Google DeepMind CEO Demis Hassabis said the lab faces no immediate pressure to monetize AI,
00:08according to the new book, The Infinity Machine, by Sebastian Maliby.
00:12The book states Hassabis sold DeepMind to Google in 2014 after choosing Larry Page over Mark
00:18Zuckerberg due to a stronger focus on AI. Hassabis later tried to spin out DeepMind with
00:23Mustafa Suleiman and backing from Reid Hoffman, but Google blocked the effort after years of
00:28legal work. Alphabet guided 2026 capital expenditures of $175 billion to $185 billion to fund AI.
00:38OpenAI projected $14 billion in losses and offered a 17.5% minimum return to investors.
00:45Anthropic reported annualized revenue above $19 billion and leads prediction markets on IPO odds
00:51and model performance. XAI merged into SpaceX as internal changes continued.
00:56For all things money, visit Benzinga.com.
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