Google Acquires Artificial-Intelligence Company DeepMind - Wall Street Journal

Jan. 26, 2014 10:44 p.m. ET

Google Inc. GOOG -3.13% Google Inc. Cl A U.S.: Nasdaq ^$1123.83 -36.27 -3.13% Jan. 24, 2014 4:00 pm Volume (Delayed 15m) : 3.86M AFTER HOURS ^$1121.43 -2.40 -0.21% Jan. 24, 2014 7:59 pm Volume (Delayed 15m): 64,384 P/E Ratio 31.86 Market Cap $375.46 Billion Dividend Yield N/A Rev. per Employee $1,059,710 01/26/14 Google Acquires Artificial-Int... 01/26/14 Google Takes Defamation Case t... 01/26/14 I More quote details and news » GOOG in Your Value Your Change Short position said it had acquired artificial-intelligence company DeepMind Technologies Ltd.

The company did not disclose the terms of the deal, but the tech website Recode reported that Google paid $400 million for the startup based in London.

On its website, which has just one page, DeepMind describes itself as a "cutting edge artificial intelligence company. We combine the best techniques from machine learning and systems neuroscience to build powerful general-purpose learning algorithms."

According to the DeepMind website, the company was founded by Demis Hassabis, Shane Legg and Mustafa Suleyman.

Machine learning and artificial intelligence are key areas of research for the search giant. On its website, Google says it uses machine learning and artificial intelligence in its work on language, speech and translation. It isn't clear if the researchers from DeepMind will be working with Google in these areas.

Write to Rolfe Winkler at rolfe.winkler@wsj.com

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