Google Acquires Artificial Intelligence Startup DeepMind For More Than $500M

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 confirmed the acquisition to us, but couldn't disclose deal terms. The acquisition was originally confirmed by Google to Re/code. Google's hiring of DeepMind will help it compete against other major tech companies as they all try to gain business advantages by focusing on deep learning.