Google to buy U.K. AI company for $400M


Google (GOOG) has agreed to acquire British artificial-intelligence company DeepMind Technologies, which uses general-purpose learning algorithms for applications that include simulations, e-commerce and games.

Terms of the deal weren't disclosed, although the Web site Re/code said Google is paying $400M.

Re/code reckons the deal is in large part about buying talent: DeepMind was founded by former child chess prodigy and neuroscientist Demis Hassabis, who has been described as "probably the best games player in history."

The purchase is Google's fourth this month, with the most notable a $3.2B agreement to buy Nest Labs.

From other sites
Comments (1)
  • Yesterdays_news
    , contributor
    Comments (2157) | Send Message
     
    Why did Google buy DeepMind? Sounds more like a nerdy Think tank than a company that is producing and advancing AI.
    Google loves ex-Apple employees and Apple related companies. A much better buy would have been Anki. They are on the cutting edge of AI and currently producing stuff. Much of it would help their robot car development.
    http://read.bi/L3d5F4

     

    They basically left them for Apple.
    27 Jan 2014, 02:01 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs