Google buys artificial intelligence company DeepMind for $400 million


Google has acquired a London based artificial intelligence startup DeepMind for about $400 million, reports Re/Code. In recent report, Techcrunch claims that Google paid more than $500 Million. Google has confirmed the deal but declined to provide more details.


DeepMind is an artificial intelligence company which ‘combines the best techniques from machine learning and systems neuroscience to build powerful general-purpose learning algorithms’. The company is founded by Demis Hassabis, Shane Legg and Mustafa Suleyman. They have developed applications in simulators, games, and e-commerce, says DeepMind official webpage. Demis Hassabis is a well known computer game designer and a world-class game player. If all three founder joins Google, they will work with Ray Kurzweil, director of engineering focused on machine learning and language processing.

Sources confirmed that the deal was led by Google CEO Larry Page. Google’s hiring of DeepMind will surely help company in competing with other tech giants which are trying to develop products on deep learning.

Google’s many projects rely on Artificial intelligence. Google also launched a Artificial Intelligence Lab back in May 2013. For this lab, Google also partnered with NASA. Google is also working on self-driving cars which also need deep learning artificial intelligence. A month ago, Google had acquired Boston Dynamics, a robotics company, in a multi-million dollar deal.  Google can also use this technology in making intelligent robots.

Interesting fact is that Facebook was also in talks to buy the DeepMind late last year.

Share this article
Shareable URL
Prev Post

10 Less Known Facts About iPhone

Next Post

Intex Aqua Curve with 5-inch qHD OGS display launched for Rs. 12490

Leave a Reply
Read next
Subscribe to our newsletter
Get notified of the best deals on our WordPress themes.