GOOG: Google to buy U.K. AI company for $400M

Google to buy U.K. AI company for $400M • 4:00 AM

• Google (GOOG) has agreed to acquire British artificial-intelligence company DeepMind Technologies, which uses general-purpose learning algorithms for applications that include simulations, e-commerce and games.
• Terms of the deal weren't disclosed, although the Web site Re/code said Google is paying $400M.
• Re/code reckons the deal is in large part about buying talent: DeepMind was founded by former child chess prodigy and neuroscientist Demis Hassabis, who has been described as "probably the best games player in history."
• The purchase is Google's fourth this month, with the most notable a $3.2B agreement to buy Nest Labs.

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