DeepMind Technologies

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DeepMind Technologies Ltd. (Google Inc.)
Type Subsidiary
Headquarters London, England & Googleplex, Mountain View, California
Area served Worldwide
Industry Internet, artificial intelligence
Owner Google
Employees 75 (estimated) [1]
Website deepmind.com
Current status Active

DeepMind Technologies is a British artificial intelligence (AI) company founded in 2011 by Demis Hassabis, Mustafa Suleyman and Shane Legg.[2] Major venture capitalist firms Horizons Ventures and Founders Fund are invested in the company, which is currently being referred to as a start-up.[3] Jaan Tallinn was an early investor and an advisor to the company.[4]

Volodymyr Mnih, a company employee, said the last AI breakthrough the company made before being acquired by Google was the creation of a neural network that learns how to play some video games in the same way as humans, using the computer equivalent of hand-to-eye coordination.[5]

Acquisition by Google[edit]

On 26 January 2014, Google announced[6] that it had agreed to acquire DeepMind Technologies; analysts later announced that the company was purchased for £400 million ($650M USD / €486M), although later reports estimated the acquisition was valued at over £500 million.[7][8][9][10][11] The acquisition reportedly took place after Facebook ended negotiations with DeepMind Technologies in 2013, which resulted in no agreement or purchase of the company.[12]

References[edit]

  1. ^ "Forbes Report - Acquisition". Forbes. Retrieved 27 January 2014. 
  2. ^ "DeepMind Technologies Landing Page". DeepMind Technologies. Retrieved 27 January 2014. 
  3. ^ "Google Acquisition of DeepMind Technologies". The Verge. Retrieved 27 January 2014. 
  4. ^ "Recode.net - DeepMind Technologies Acquisition". Retrieved 27 January 2014. 
  5. ^ The Last AI Breakthrough DeepMind Made Before Google Bought It, The Physics arXiv Blog
  6. ^ http://www.reuters.com/article/2014/01/27/google-deepmind-idUSL2N0L102A20140127
  7. ^ "Google Acquires UK AI startup Deepmind". The Guardian. Retrieved 27 January 2014. 
  8. ^ "Report of Acquisition, TechCrunch". TechCrunch. Retrieved 27 January 2014. 
  9. ^ Oreskovic, Alexei. "Reuters Report". Reuters. Retrieved 27 January 2014. 
  10. ^ "Google Acquires Artificial Intelligence Start-Up DeepMind". The Verge. Retrieved 27 January 2014. 
  11. ^ "Google acquires AI pioneer DeepMind Technologies". Ars Technica. Retrieved 27 January 2014. 
  12. ^ "Google beats Facebook for Acquisition of DeepMind Technologies". Retrieved 27 January 2014.