Google Buys AI Firm DeepMind

Posted by Sam Churchill on

Google buying a secretive artificial intelligence company called DeepMind. DeepMind has only a landing page for a website, and describes its business as building learning algorithms for simulations, e-commerce and games.

Based in London, DeepMind was founded by neuroscientist Demis Hassabis, along with Shane Legg and Mustafa Suleyman.

Google, is thought to be paying more than $500 million to acquire the company, and won the deal over Facebook.

In December, Google purchased its eighth robotics firm in a year, Boston Dynamics, which produces four-legged robots that can run up to 16 miles an hour. Google also bought Bot & Dolly, which produces a robotic camera system that was used in the film “Gravity,”

Google has put Andy Rubin, the former head of Android, in charge of all of its “moonshot” robotics efforts. And the tech giant has been investing heavily in the robotics world — leaving many wondering what the firm could be planning.

Posted by Sam Churchill on Monday, January 27th, 2014 at 9:34 am .

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