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Report: Google to Acquire AI Firm, DeepMind For $400 Million

     
11:50 am on Jan 27, 2014 (gmt 0)

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Google is shelling out $400 million to buy a secretive artificial intelligence company called DeepMind.Report: Google to Acquire AI Firm, DeepMind For $400 Million [recode.net]
Based in London, DeepMind was founded by games prodigy and neuroscientist Demis Hassabis, along with Shane Legg and Mustafa Suleyman.
9:59 pm on Jan 27, 2014 (gmt 0)

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Interesting update at the end of the Recode.net story, linked to above...
...sources in the artificial intelligence community describe the company as a formidable AI player and say it has been aggressively recruiting in the space. One source said DeepMind has a team of at least 50 people and has secured more than $50 million in funding. This person described DeepMind as "the last large independent company with a strong focus on artificial intelligence," and said it competed with companies like Google, Facebook and Baidu for talent.

Several stories commenting on the story also mention that an AI ethics board was established, it appears, as part of the deal. From the publicly available summary of one key story...

Google Beat Facebook for DeepMind, Creates Ethics Board
The Information - Jan. 26, 2014
https://www.theinformation.com/google-beat-facebook-for-deepmind-creates-ethics-board [theinformation.com]

Google, which is acquiring DeepMind Technologies, has agreed to establish an ethics board to ensure the artificial intelligence technology isn't abused, according to two people familiar with the deal.

The unusual step of establishing the ethics committee comes as Google, which is paying more than $500 million to acquire the company, won the deal over Facebook, several people familiar with negotiations said....
11:00 pm on Jan 27, 2014 (gmt 0)

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google... Ethics Board... Fox... Henhouse... sure, why not...
 

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