Google has invested $300 million in an AI company that was previously funded by Sam Bankman-Fried. This investment is a major step forward for the development of artificial intelligence and could have far reaching implications for people around the world.
AI, or Artificial Intelligence, has become increasingly important over recent years as more businesses rely on its capabilities to help drive their operations. As such, Google’s decision to invest in this new firm shows just how seriously it takes the potential of AI technology and what it can do for society at large.
The company receiving funding from Google is called DeepMind Technologies and was founded back in 2010 by Demis Hassabis along with Mustafa Suleyman who are both computer scientists specializing in machine learning algorithms which form part of modern day AIs capabilities today.. Its initial round of funding came from hedge fund manager Sam Bankman-Fried who put up $10 million dollars when he first launched his own software engineering firm Alameda Research Ltd., based out Hong Kong two year ago . Now they will be backed even further thanks to another hefty sum coming directly from tech giant itself making them one only few startups ever receive such backing right off bat without having gone through any other intermediary stages before finally getting noticed smaller investors
With this additional financial support now under their belt ,Deepmind team can expand upon current research approach while also pushing boundaries explore novel ways use deep learning techniques create powerful applications across various industries ranging healthcare cybersecurity finance entertainment retail food etc . It’s no secret that these cutting edge technologies often require massive amounts resources order develop fully so having gargantuan like google behind you every step way definitely does make big difference journey success
What makes DeepMind particularly interesting compared others within same space fact specialize creating “general purpose” AIs able learn adapt rapidly changing environment provide solutions complex problems quickly accurately Their goal eventually build system capable performing wide range activities tasks better than humans themselves something would greatly benefit us all if achieved
The impact artificial intelligence already being felt many aspects life whether realize not From voice assistants virtual customer services automated manufacturing process driverless cars intelligent stock market trading systems much more end result becoming smarter faster efficient version ourselves something soon everyone might enjoy benefits too thanks strategic move made recently
For those unfamiliar concept may seem bit intimidating but truth matter machines doing most work things simpler easier understand plus don’t need worry about taking jobs away humans since computers cannot replace entire spectrum skills required function properly workplace Furthermore advancements field mean possibilities virtually limitless! In near future there likely won’t single thing goes untouched some kind automation meaning lives could potentially improve drastically due increased efficiency produced time saving measure
All signs point toward bright future where advances science technology continue shape our everyday existence sure looks great deal better knowing companies likes Google investing heavily innovative projects ensure remain forefront industry longterm
Cointelegraph
