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Petter comments on After Go, what games should be next for DeepMind? - Less Wrong Discussion
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Is Alphabet stock a good proxy for owning a piece of DeepMind? Alphabet hasn't gained much at all since AlphaGo started winning. Maybe a few percent, but within the normal fluctuations. Of course this might be because all the smart money knew AlphaGo was going to win.
It is not a good proxy. Deepmind is a small team and there are many more teams within Alphabet doing machine learning. Remember that the market cap of Goog is $500 billion. (Although if one wants to invest in AI in general I think it is a cheap stock)