Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Technology News

 

Google buys DeepMind

Jan 27 2014, 2:04am CST | by

1 Updates
Google buys DeepMind
 
 

YouTube Videos Comments

Full Story

Google buys DeepMind

Google is acquiring an artificial intelligence company called DeepMind Technologies.  The terms of the deal were undisclosed, but sources with Re/Code report that it was worth around $400 million. DeepMind describes themselves as having the ability to combine the best techniques from machine learning and systems neuroscience to build general-purpose learning algorithms. DeepMind’s first commercial applications were used in simulations, e-commerce and games.

DeepMind was founded by Demis Hassabis, Shane Legg and Mustafa Suleyman three years ago. Supposedly, DeepMind was in talks with Facebook about an acquisition in December 2012, but that deal fell through. Google CEO Larry Page is believed to have led this deal himself. Google also agreed to establish an ethics board to make sure that artificial intelligence technology is not abused, according to sources with The Information.

This is Google’s four acquisition this month. It was announced on January 4th that Google acquired an Android development company called Bitspin. This was followed by the $3.2 billion acquisition of smart thermostat company, Nest Labs, on January 13th. Two days later, Google acquired a software security company called Impermium.

Google’s translation and speech technologies relies on artificial intelligence. Google launched the Quantum Artificial Intelligence Lab this past May to “build better models of the world to make more accurate predictions.” As part of the initiative, Google partnered with NASA. The NASA Ames Research Center is hosting the Quantum Artificial Intelligence Lab and is housing a quantum computer from D-Wave Systems and the Universities Space Research Association (USRA).

Investors in DeepMind included Founders Fund and Horizons Ventures. DeepMind reportedly had around 75 employees as of December 2013.

Source: Forbes

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

Miss America 2014 Parade to Feature First Ever 3D Printed Shoes
Miss America 2014 Parade to Feature First Ever 3D Printed Shoes
Thanks to Maggie Bridges and Georgia Tech, we will see the first 3D printed shoes on the stage of the shoe parade
 
 
Vicki Gunvalson Flirting With David Beador
Vicki Gunvalson Flirting With David Beador
The Real Housewives of Orange County star Vicki Gunvalson admitted flirting with "hot" co-star David Beador
 
 
Clint Eastwood advises Harry Styles to stay fit
Clint Eastwood advises Harry Styles to stay fit
Harry Styles 'follows Clint Eastwood's advice by using exhausting military-style fitness regime'
 
 
Kate Beckinsale featuring in &#039;The Disappointments Room&#039;
Kate Beckinsale featuring in 'The Disappointments Room'
Lucas Till Joins Kate Beckinsale in the thriller movie
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.