Google Inc (GOOG.O) said on Sunday it had agreed to acquire privately held artificial intelligence company DeepMind Technologies Ltd.
Technology news website Re/code, which reported news of the deal earlier, said the price was $400 million, without disclosing where it got the information.
A Google spokesman declined to comment on the price. DeepMind representatives could not be immediately reached for comment.
Founded in London in 2012 by Demis Hassabis, Shane Legg and Mustafa Suleyman, DeepMind uses general-purpose learning algorithms for applications such as simulations, e-commerce and games, according to its website.
Google, which is working on projects including self-driving cars and robots, has become increasingly focused on artificial intelligence in recent years.
In 2012, it hired Ray Kurzweil, considered one of the leading minds in the field, and in May it announced a partnership with NASA and several universities to launch the Quantum Artificial Intelligence Lab.
(Reporting Alexei Oreskovic in San Francisco and Greg Roumeliotis in New York; Editing by Jeremy Laurence)
Trending On Reuters
The Obama administration on Tuesday sided against Google Inc and said the U.S. Supreme Court should not hear the company's appeal in a case against Oracle Corp with wide implications for the technology industry, according to a court filing. Full Article
Japan nuclear regulator finishes review on Kyushu reactors, could be first to restart. Full Article
Factbox - China's leaders sign $80 bln of deals with India, Brazil and others. Full Article
Obama administration asks U.S. top court to decline Google copyright appeal. Full Article
Iraq Shi'ite militia take lead in campaign to reverse Islamic State gains Full Article