DeepMind Technologies
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| Type of business | Subsidiary |
|---|---|
| Founded | 23 September 2010 |
| Headquarters |
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| Founder(s) | |
| CEO | Demis Hassabis |
| Industry | Artificial Intelligence |
| Employees | 400 |
| Parent | Independent (2010–2014) Google Inc. (2014–2016) Alphabet Inc. (2015-present) |
| Website | www.deepmind.com |
DeepMind Technologies Limited is a British artificial intelligence company founded in September 2010.
It was acquired by Google in 2014. The company has created a neural network that learns how to play video games in a fashion similar to that of humans, as well as a Neural Turing Machine, or a neural network that may be able to access an external memory like a conventional Turing machine, resulting in a computer that mimics the short-term memory of the human brain.
The company made headlines in 2016 after its AlphaGo program beat a human professional Go player for the first time.
The start-up was founded by Demis Hassabis, Shane Legg and Mustafa Suleyman in 2010. Hassabis and Legg first met at University College London's Gatsby Computational Neuroscience Unit. On 26 January 2014, Google announced the company had acquired DeepMind for $500 million, and that it had agreed to take over DeepMind Technologies.
Since then major venture capital firms Horizons Ventures and Founders Fund have invested in the company, as well as entrepreneurs Scott Banister and Elon Musk.Jaan Tallinn was an early investor and an adviser to the company. The sale to Google took place after Facebook reportedly ended negotiations with DeepMind Technologies in 2013. The company was afterwards renamed Google DeepMind and kept that name for about two years.
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