Google Purchases DeepMind, Co-Founded By World’s Greatest Gamer, For Over $400 Million

 
 
 

According to Recode, Google has purchased highly-secretive artificial intelligence firm DeepMind for upwards of $400 million.

The term ‘secretive’ seems to be the only consistent information available on DeepMind; the company’s website says, “We combine the best techniques from machine learning and systems neuroscience to build powerful general-purpose learning algorithms.”

Perhaps the most intriguing aspect of DeepMind is co-founder Demis Hassabis, who has been called “the best games player in history” by the Mind Sports Olympiad, and was the lead designer of the classic game ‘Theme Park’ at age 17.

Hassabis also founded Elixir Studios, which produced the 2004 game “Evil Genius — The World Domination Simulation.”

It would seem the acquisition may be more of a play for talent, rather than pure assets…and we mean talent. DeepMind has more than 50 employees, and has reportedly pulled top engineers away from Google, Facebook and Baidu, although there do not seem to be any marketable patents available for the company.

DeepMind has raised over $50 million in VC funding, with lead investors including Peter Thiel’s Founders Fund and Skype co-founder Jaan Tallinn.