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MENAFN - Qatar News Agency - 29/01/2014

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(MENAFN - Qatar News Agency) Google has acquired London-based artificial intelligence firm DeepMind Technologies, the latest in a series of start-up purchases by the tech giant.

A Google spokesman confirmed the acquisition on Monday, but declined to comment on the purchase price

Tech website Re/code, first to report the news, said that Google was paying 400 million

Privately held DeepMind describes itself as a "cutting edge artificial intelligence company" that specializes in machine learning and systems neuroscience

Google (GOOG, Fortune 500) is on a campaign to beef up its expertise in artificial intelligence and robotics, related fields that have been a research and development focus for the company

Over the past year, Google has snapped up at least seven robotics firms, according to the (CNN)

Late last year, Google bought Boston Dynamics, a company known for developing super-fast, animal-like robots with strong ties to the US military

Google's broader push into the field of robotics is being led by Andy Rubin, the man responsible for developing the Android platform for smartphones

Google also acquired last June Israeli navigation startup Waze for 1. 1 billion.

 






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