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-   -   Google acquires AI-startup Deepmind for estimated $400M (http://forums.macnn.com/113/tech-news/507759/google-acquires-ai-startup-deepmind-estimated/)

 
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="http://macnn.com/rd/303041==http://www.deepmind.com/" rel='nofollow'>Deepmind</a>, which claims it is building "powerful general-purpose learning algorithms" based on "<a href="http://macnn.com/rd/303042==http://www.electronista.com/articles/12/12/14/kurzweil.to.come.on.as.director.of.engineering/" 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="http://macnn.com/rd/303037==http://recode.net/2014/01/26/exclusive-google-to-buy-artificial-intelligence-startup-deepmind-for-400m/" 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="http://macnn.com/rd/303038==http://www.electronista.com/articles/12/08/31/recommendations.based.on.downloaded.content/" 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="http://macnn.com/rd/303039==http://www.electronista.com/articles/12/06/26/1000.machine.neural.network.scanned.10m.youtube.im 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="http://macnn.com/rd/303040==https://www.theinformation.com/Google-beat-Facebook-For-DeepMind-Creates-Ethics-Board" 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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