Google is acquiring artificial intelligence specialist DeepMind for $400 million

By on January 27, 2014, 7:30 AM
google, acquisition, artificial intelligence, deepmind

Google has agreed to purchase London-based artificial intelligence company DeepMind for a reported $400 million. The search giant confirmed the acquisition but failed to specify a price tag according to a post from Re/code.

DeepMind isn’t a company that you’re likely familiar with and their basic landing page of a website isn’t much help. But as the publication points out, those in the artificial intelligence community have vouched for the company’s credibility.

The company was founded by neuroscientist Demis Hassabis with help from Shane Legg and Mustafa Suleyman about three years ago. Hassabis was a child prodigy in the game of chess and was at one time described as the best games player in history.

At least one source pointed out that DeepMind has secured around $50 million in funding with a large majority of that coming from investment firms Founders Fund and Horizons Ventures. The secretive firm currently has a team of about 50 employees following some aggressive recruiting. This same person described the company as the last largest independent company that is heavily focused on AI.

Most recently, DeepMind was said to be developing several different approaches to AI. Those methods were then being applied to multiple products including a recommendation system for e-commerce sites. To give you an idea of how serious they are, they regularly competed with Google and Facebook for talent. As such, the purchase is largely a talent acquisition that was led directly by Google CEO Larry Page.




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1 person liked this | MilwaukeeMike said:

About 10 days ago Google bought Nest (http://news.cnet.com/8301-11386_3-57617153-76/google-to-buy
nest-for-$3.2b-in-quest-for-the-conscious-home/) that company that is making smart 'learning' wi-fi connected smoke alarms and thermostats. Now they're buying an AI company... They've already got a self driving car.

Taking this pattern a few steps further, I'm looking forward to 2018 and the release of the Google Rosie, my very own robotic housekeeper.

LNCPapa LNCPapa said:

Either Rosie or Skynet I'm hoping for Rosie but with a nicer shape to her.

Stupido Stupido said:

Either Rosie or Skynet I'm hoping for Rosie but with a nicer shape to her.

hopefully, when you make her angry, she doesn't pull glock from her hip...

Vrmithrax Vrmithrax, TechSpot Paladin, said:

Either Rosie or Skynet I'm hoping for Rosie but with a nicer shape to her.

I was about to post that the Terminator movies had it close to right... but they kept mispronouncing Cyberdyne... It's pronounced "goo-guh-l"

MilwaukeeMike said:

Either Rosie or Skynet I'm hoping for Rosie but with a nicer shape to her.

I was about to post that the Terminator movies had it close to right... but they kept mispronouncing Cyberdyne... It's pronounced "goo-guh-l"

Actually the movie I-Robot was more appropriate than robots trying to kill us. In that movie robots are servants of people and they are programmed to protect humans above themselves. however, the main AI that runs them realizes that human's greatest threat is other humans and in order to protect us from ourselves, the AI commands all the robot servants to revolt and control us. At least, I think that's what it was about... I saw it a long time ago.

Trillionsin Trillionsin said:

I have some crazy theories in my head... but going along the concept of terminators coming from the future taking place of CEO's and other leaders to help speed up the AI process.... via doomsday... but in all seriousness It's a step of evolution, whether it be humanities or an entire new life form in itself... or a combination of.

Guest said:

Makes sense after their purchase of Boston Robotics, goodbye humans.

1 person liked this | Puiu Puiu said:

Sometime in the future: "And, kids, this is how Skynet was born and the war started."

Guest said:

US people can taste the Terminator prototype soon..... Don't send it to other countries....

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