Hello AI: Google Buy DeepMind

Written by Oonagh Reidy     29/01/2014 | 09:08 | Category: INDUSTRY

Artificial intelligence company is next on Google shopping list

Hello AI: Google Buy DeepMind

One of the world's biggest tech companies has purchased London-based artificial intelligence company, DeepMind, for a rumoured US$400m, reports Re/Code.

The Mountain View giant was said to be the favoured buyer over Facebook, who had been in talks with DeepMind about acquiring the company, last year. 

The AI company uses techniques from machine learning and systems neuroscience to build powerful general-purpose learning algorithms, and to basically finding ways to make computing more human like and intuitive. Deepmind's commercial applications include simulations, e-commerce and games.

All major tech companies are looking to move deeper into AI, seen as the next big thing in computing.

Deepmind was founded by Demis Hassabis, Shane Legg and Mustafa Suleyman, and supported by some of the technology entrepreneurs, according to its website.

Google are also said to be developing an ethics board for Deepmind to ensure the technologies are not abused, reports suggest.