Google Picking Up Artificial Intelligence Company "DeepMind" for $400 Million
January 27, 2014 9:25 AM
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DeepMind is acompany that builds learning algorithms for simulations, games and e-commerce
Google is looking to beef up its artificial intelligence portfolio by acquiring a reputable AI company called
According to a report from
, Google is paying $400 million for DeepMind, which is a company that builds learning algorithms for simulations, games and e-commerce.
DeepMind may not be a well-known name to most, but
for those in AI
, it's an aggressive competitor in the space with over $50 million in funding and a team of about 50 people.
DeepMind is based in London and was founded by Demis Hassabis, who was a child prodigy in chess and is currently a neuroscientist. Shane Legg and Mustafa Suleyman are co-founders as well.
It's no surprise that Google would pick up an AI company, considering it recently placed a neural network for machine learning on the Internet. The network connects 16,000 computer processors and has increased performance by doubling its accuracy rate in identifying objects from a list of 20,000 items.
Google also announced a new lab less than a year ago that focuses on advanced machine learning through a quantum computer.
Google confirmed the acquisition of DeepMind to
, but didn't share any extra details.
This article is over a month old, voting and posting comments is disabled
First thing I thought of after reading this was...
1/27/2014 6:12:09 PM
Google has their robotics companies and now they have an AI company.
RE: First thing I thought of after reading this was...
1/27/2014 6:26:14 PM
It reminded me of US Robotics from I, Robot.
"And boy have we patented it!" -- Steve Jobs, Macworld 2007
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