Monday 27 January 2014

Google reportedly buying AI startup DeepMind for $400 million

Google reportedly buying AI startup DeepMind for $400 million
Jan 27th 2014, 01:03, by Kwame Opam

Google appears to be building on its already massive interest in AI and robotics. Re/code reports that the search company is in the process of acquiring DeepMind Technologies for $400 million as part of a concerted talent acquisition effort. We've reached out to Google for confirmation.
According to the startup's website (which is currently only a placeholder), DeepMind combines machine learning and neuroscience to create "general-purpose learning algorithms." Details are sparse on the buyout, but the report comes little more than a month after the Mountain View company bought robotics outfit Boston Dynamics. It's still unclear just where Google's robotics program is going, but it's certainly growing incredibly fast.
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