The company is working with the National Health Service (NHS) in the UK on a project around the early detection of acute kidney injuries. Critics, however, argue that the collaboration with DeepMind is wider than the company and the NHS previously disclosed. In addition, it’s also working with the Moorfields Eye Hospital on looking at how it can use the hospital’s eye scans to diagnose eye conditions better and faster. The NHS, however, mostly used its own algorithm in its project, with DeepMind focussing on the front-facing app. Suleyman argued that this is due to the fact that it’s still early days for this collaboration, which only started 12 months ago.
So in the health space they're currently doing anomaly detection and building applications for their clients. Sounds very Watson/consulting. Lots of money in healthcare due to the amount of data generated and the complexity of building regulation-compliant.
Judging from their website, they've also built an algorithm for reducing cooling energy usage in Google's data centers.
There are a ton of IoT platforms that are currently competing to connect a bunch of industrial/medical/automotive/aerospace and defense devices and servers, analyze that data with machine learning and statistical techniques, make it easy for users to build their own cloud/edge applications, and eke out every last drop of efficiency they can for their customers.
DeepMind is fortunate to have Google's brand, infrastructure, and reach. I'm just not sure what else separates them from any other "AI" (read machine learning/algorithm-building/efficiency consultancy) out there.