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Google Buys Artificial Intelligence Company DeepMind For $400M

By TechTaffy Desk

Google-DeepMind

Google is buying artificial intelligence company DeepMind for a reported $400 million. Founded by Demis Hassabis, Shane Legg and Mustafa Suleyman, DeepMind is based in London.

DeepMind combines techniques from machine learning and systems neuroscience to build general-purpose learning algorithms, according to its corporate website. The company says it is supported by some of the most iconic technology entrepreneurs and investors of the past decade.

The report of the acquisition was first covered by Liz Gannes of Re/code.

[Image courtesy: DeepMind]

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