Thursday 30th January 2014,

Google says buys artificial intelligence firm DeepMind

Reporters365 January 27, 2014 No Comments

Google said on Monday that it had agreed to buy British artificial intelligence start-up company DeepMind for an undisclosed amount.
“I can confirm that the acquisition has indeed gone ahead but unfortunately we are not commenting beyond that for now,” a Google spokeswoman told AFP.
Reports put the deal at between $400 million and $500 million (292-365 million euros).
On its one-page website, DeepMind describes itself as “a cutting edge artificial intelligence company” which combines “the best techniques from machine learning and systems neuroscience to build powerful general-purpose learning algorithms”.
Artificial intelligence can help computers “think” in ways similar to the way humans think and help solve problems.
Last year, Facebook unveiled a partnership with New York University for a new centre for artificial intelligence, aimed at harnessing the social network’s massive trove of data.

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