"In January 2014, Demis Hassabis was facing a wall. VC backers had reneged on funding commitments to DeepMind, leaving the lab without the capital it needed to pursue what Hassabis described as his core ambition: 'get a shitload of computers and solve intelligence.'"
"Larry Page pitched Demis on selling to Google rather than going independent. The offer was approximately $650 million. Google had the compute, the patience, and the distribution that no VC could match."
"Twelve years later, the numbers tell the story. GOOGL has risen roughly 1,060% since January 2014. The DeepMind team is now central to Alphabet's AI strategy, responsible for the Gemini model family."
In January 2014, DeepMind faced a funding crisis, prompting Demis Hassabis to consider selling to Google. Larry Page's offer of $650 million provided the necessary resources for DeepMind's ambitious AI research. Elon Musk warned about corporate control over AGI but could not match Google's infrastructure. Twelve years later, Alphabet's stock rose significantly, and DeepMind became integral to its AI strategy, particularly with the Gemini model family, contributing to a revenue of $113.83 billion in Q4 2025.
Read at 24/7 Wall St.
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