Google Acquires DeepMind
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Google acquired the London-based AI company DeepMind in January 2014 for a reported price of roughly $400–500 million. At the time, DeepMind was known mainly inside research circles for combining deep neural networks with reinforcement learning.
One of its early demonstrations trained a single learning system to play Atari games from raw pixels. The model used convolutional neural networks to estimate action values while reinforcement learning improved behavior from game rewards. This was significant because the system learned directly from visual input rather than being given hand-designed rules for each game.
The acquisition gave DeepMind access to Google’s computing resources while preserving a research-focused identity. Two years later, AlphaGo’s victory over Lee Sedol would make the lab globally famous.