Google acquires Deepmind

Google has bought the British firm DeepMind Technologies, which specialises in developing artificial intelligence solutions. The company was founded in 2010 by Demis Hassabis, Shane Legg and Mustafa Suleyman and has concentrated on deep learning algorithms, that allow machines to learn in a similar fashion to humans, using experiential learning. The company has been well-funded and has demonstrated solutions for simulations, e-commerce and games. Google has also used Deep Learning for projects such as recognising house numbers from StreetView pictures.
Google is said to have paid around £400m, making it one of Google’s largest European acquisitions. Google has also agreed to set up an ethics board to ensure that the technology is not abused.

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