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NewsPoster Jan 27, 2014 07:26 AM
Google acquires AI-startup Deepmind for estimated $400M
Google is acquiring a company in the United Kingdom working on artificial intelligence, in what is believed to be an "acqui-hire." The London-based <a href="" rel='nofollow'>Deepmind</a>, which claims it is building "powerful general-purpose learning algorithms" based on "<a href="" rel='nofollow'>machine learning</a> and systems neuroscience," is said to have been bought for at least $400 million and possibly more than $500 million. <br />
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Led by Google CEO Larry Page, the acquisition brings chess prodigy and neuroscientist Demis Hassabis on board, as well as Shane Legg and Mustafa Suelyman, <a href="" rel='nofollow'>reports</a> <em>Re/code</em>. At least 50 people make up the entire Deepmind team, with the company having secured more than $50 million in funding from the Founders Fund, Horizon Ventures, and Skype and Kazaa developer Jaan Tallinn. <br />
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Deepmind primarily works on applying AI to various intelligent systems and other problems, such as a <a href="" rel='nofollow'>recommendation system</a> for online retailers. Under Google, the company is likely to continue its work on machine learning, something which Google has already made some <a href=" ages/" rel='nofollow'>considerable progress</a> on in recent years. <br />
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The acquisition could involve the creation of an ethics board for the use of AI technology at Google, <a href="" rel='nofollow'>reports</a> <em>The Information</em>, in order to prevent the technology's future abuse. It is also claimed that Google was not the only potential suitor for Deepmind, with Facebook said to have been in high-level acquisition discussions with the company late last year.
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