Google Acquires Artificial Intelligence Startup DeepMind For More Than $500M

TechCrunch

Google will buy London-based artificial intelligence company DeepMindThe Information reports that the acquisition price was more than $500 million, and that Facebook was also in talks to buy the startup late last year. DeepMind confirmed the acquisition to us, but couldn’t disclose deal terms.

The acquisition was originally confirmed by Google to Re/code.

Google’s hiring of DeepMind will help it compete against other major tech companies as they all try to gain business advantages by focusing on deep learning. For example, Facebook recently hired NYU professor Yann LeCunn to lead its new artificial intelligence lab, IBM’s Watson supercomputer is now working on deep learning, and Yahoo recently acquired photo analysis startup LookFlow to lead its new deep learning group.

DeepMind was founded by neuroscientist Demis Hassabis, a former child prodigy in chess, Shane Legg, and Mustafa Suleyman. Skype and Kazaa developer Jaan Tallin is an investor.

This…

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