The Bulletin

Google bets on artificial intelligence, poaches DeepMind

Posting in Technology

Google has confirmed the acquisition of artificial intelligence company DeepMind, reportedly spending over $400 million in the process.

Founded by neuroscientist Demis Hassabis, Shane Legg and Mustafa Suleyman, the company specializes in algorithms and machine-based learning protocols for e-commerce software, simulations and games.

According to Recode, $400 million was spent on the acquisition. The publication's sources say the buyout was achieved in the name of talent acquisition, and Google CEO Larry Page led the deal himself.

The company website contains only a landing page, where the firm calls itself a "cutting edge artificial intelligence company" based in London that is happy to hire talent in the tech space. DeepMind is said to employ over 50 people and has managed to secure over $50 million in funding.

The acquisition is the latest in a string of deals pushed through by the tech giant. Google has increasingly begun purchasing firms that specialize in areas of tech beyond the Web and has dabbled in projects including the creation of autonomous vehicles. Last month, Google purchased Boston Dynamics, a supplier of military hardware and animal-based robots. Other robotics-based firms owned by the search engine giant include Autofuss, Industrial Perception, Meka and Redwood Robotics.

Google has made a number of other acquisitions this month, including the purchases of app developer Bitspin, smart thermostat firm Nest Labs, and security company Imperium.

This post originally appeared on ZDNet.

— By on January 27, 2014, 4:16 AM PST

Charlie Osborne

Contributing Editor

Charlie Osborne is a freelance journalist and photographer based in London. In addition to SmartPlanet, she also writes for business technology website ZDNet and consumer technology site CNET. She holds a degree in medical anthropology from the University of Kent. Follow her on Twitter. Disclosure