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Google reportedly acquires London-based AI startup DeepMind for around $400 million

Google has taken another major step towards building intelligent machines or robots in the future. After acquiring Boston Dynamics last year, the search giant has reportedly acquired an artificial

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Google has taken another major step towards building intelligent machines or robots in the future. After acquiring Boston Dynamics last year, the search giant has reportedly acquired an artificial intelligence startup called DeepMind, Re/code reports. Though neither of the companies has released an official statement, the deal is said to be worth somewhere around $400 million.

DeepMind is a London-based startup founded three years ago by Demis Hassabis — a former child prodigy in chess — Jaan Tallin, who had a hand in developing Skype and Kazaa, researcher Shane Legg and Mustafa Suleyman. Not much is known about the company at the moment, but the website’s landing page does describe the startup as “a cutting edge artificial intelligence company to build general-purpose learning algorithms for simulations, e-commerce, and games.”

The report further adds that the company had recently been aggressively hiring and that it had managed to acquire $50 million in funding from investors like Founders Fund and Horizons Ventures. Larry page is also credited to have led the acquisition process.

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  • Published Date: January 27, 2014 11:49 AM IST