Google says buys artificial intelligence firm DeepMind

Monday 27 January 2014 10.00
DeepMind deal worth between $400-500m
DeepMind deal worth between $400-500m

Google said today 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 said.

Reports put the deal at between $400-500m (€292-365m).

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.