Google will acquire London-based artificial intelligence company DeepMind. The reports suggests that the price for this acquisition was around $500 million.
Google’s acquisition of DeepMind will help it compete against other major tech companies by focusing on deep learning.
DeepMind was founded by neuroscientist Demis Hassabis, a former child prodigy in chess, Skype and Kazaa developer Jaan Tallin, and researcher Shane Legg.
Google has also said that it has established an ethics board to ensure DeepMind’s artificial intelligence technology isn’t abused.
There are still no detailed info on what exactly DeepMind does, the company’s site currently just has an about page, which says:
“DeepMind is a cutting edge artificial intelligence company. We combine the best techniques from machine learning and systems neuroscience to build powerful general-purpose learning algorithms.”
