Seeking Alpha

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.
Comments (1)
  • 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.


    They basically left them for Apple.
    27 Jan, 02:01 PM Reply Like
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