Google to buy artificial intelligence company DeepMind

Mon Jan 27, 2014 4:39am EST

A Google logo is seen at the entrance to the company's offices in Toronto September 5, 2013. REUTERS/Chris Helgren

A Google logo is seen at the entrance to the company's offices in Toronto September 5, 2013.

Credit: Reuters/Chris Helgren

(Reuters) - Google Inc said on Sunday it had agreed to acquire privately held artificial intelligence company DeepMind Technologies Ltd.

Technology news website Re/code, which reported news of the deal earlier, said the price was $400 million, without disclosing where it got the information.

A Google spokesman declined to comment on the price. DeepMind representatives could not be immediately reached for comment.

Founded in London in 2012 by Demis Hassabis, Shane Legg and Mustafa Suleyman, DeepMind uses general-purpose learning algorithms for applications such as simulations, e-commerce and games, according to its website.

Google, which is working on projects including self-driving cars and robots, has become increasingly focused on artificial intelligence in recent years.

In 2012, it hired Ray Kurzweil, considered one of the leading minds in the field, and in May it announced a partnership with NASA and several universities to launch the Quantum Artificial Intelligence Lab.

(Reporting Alexei Oreskovic in San Francisco and Greg Roumeliotis in New York; Editing by Jeremy Laurence)

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Comments (2)
Nuzz wrote:
Ray Kurzweil is a well-known *predictor* of AI and other technology, but it’s a bit misleading to say that he is a “leading mind in the field”, as he is not a leading expert at building AI systems (although a great technologist nonetheless).

Jan 26, 2014 10:08pm EST  --  Report as abuse
justinoinroma wrote:
just like the current administration uses artificial facts

Jan 27, 2014 5:39am EST  --  Report as abuse
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