Google Buys Artificial Intelligence Startup ‘Deep Mind’ For Over $500 Million

Google will buy London-based artificial intelligence company DeepMind. The Information reports that the acquisition price was more than $500 million, and that Facebook was also in talks to buy the startup late last year.

DeepMind was founded by neuroscientist Demis Hassabis, a former child prodigy in chess, Shane Legg, and Mustafa Suleyman. Skype and Kazaa developer Jaan Tallin is an investor.

This is the latest move by Google to fill out its roster of artificial intelligence experts and, according to Re/code, the acquisition was reportedly led by Google CEO Larry Page .... http://techcrunch.com