Google acquires artificial intelligence firm DeepMind

Business Intelligence

by CBR Staff Writer| 27 January 2014

The acquisition will support Google's self-driving cars and robots projects.

Google has signed an agreement to acquire the UK-based artificial intelligence company DeepMind Technologies.

The acquisition is expected to support Google in its recent projects like self-driving cars and robots by combining DeepMind's artificial intelligence technology.

According to the reports, Goole paid about $400m.

DeepMind Technologies, which was founded in 2012 by Demis Hassabis, Shane Legg and Mustafa Suleyman, makes applications which is used in simulations, e-commerce and games using general-purpose learning algorithms.

The London based company claims to combine the best techniques from machine learning and systems neuroscience to generate powerful general-purpose learning algorithms.

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