ExitRecord

Acquisition

DeepMind Technologies and Google (now Alphabet): the deal on record

Google said in January 2014 that it had agreed to acquire the London based artificial intelligence company DeepMind Technologies. Google declined to comment on the price, which the technology site Re/code reported as USD 400 million, according to Reuters. In April 2023 Google merged DeepMind with its Brain research team to form Google DeepMind, led by DeepMind co-founder Demis Hassabis.1,2

Value as reportedNot disclosed by Google. Re/code reported USD 400 million.1
Announced26 January 2014
SectorArtificial intelligence research

Timeline

  1. Google says it has agreed to acquire DeepMind Technologies Ltd, according to Reuters.1
  2. Google announces it is combining DeepMind and the Brain team from Google Research into one unit, Google DeepMind, with Demis Hassabis as chief executive.2

Status now

Operates as Google DeepMind, a unit of Google.2

Sources

  1. Reuters (via Business Standard), Google to buy artificial intelligence company DeepMind (28 January 2014)
  2. Google, Google DeepMind: Bringing together two world-class AI teams (20 April 2023)