Artificial Intelligence

Google to spend over $100bn on AI says Deepmind chief executive

Google acquired Deepmind, which was co-founded by Demis Hassabis, for $400m a decade ago

DeepMind chief executive Demis Hassabis. Picture: Bloomberg

The chief of Google’s AI business said that over time the company will spend more than $100 billion developing artificial intelligence technology — another sign of the investing arms race that has gripped Silicon Valley.

Google DeepMind chief executive Demis Hassabis was asked at a TED conference in Vancouver on Monday about a potential $100 billion supercomputer dubbed “Stargate,” being planned by Microsoft and OpenAI, according to a report in the Information last month.

“We ...