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Thursday, October 23, 2014

Google bolsters artificial intelligence efforts, partners with Oxford, (NASDAQ: GOOG)

Google Inc is expanding its artificial intelligence initiative, hiring more than half a dozen leading academics and experts in the field and announcing a partnership with Oxford University to "accelerate" its efforts. Google will make a "substantial contribution" to establish a research partnership with Oxford's computer science and engineering departments, the company said on Thursday regarding its work to develop the intelligence of machines and software, often to emulate human-like intelligence.Google did not provide any financial details about the partnership, saying only in a post on its blog that it will include a program of student internships and a series of joint lectures and workshops "to share knowledge and expertise."Google, which is based in Mountain View, California, is building up its artificial intelligence capabilities as it strives to maintain its dominance in the Internet search market and to develop new products such as robotics and self-driving cars. In January Google acquired artificial intelligence company Deep Mind for $400 million according to media reports.The new hires will be joining Google's Deep Mind team, including three artificial intelligence experts whose work has focused on improving computer visual recognition systems. Among that team is Oxford Professor Andrew Zisserman, a three-time winner of the Marr Prize for computer vision.

Google Inc. (Google), is a global technology company. Shares of GOOG traded higher by 2.3% or $12.25/share to $544.96. In the past year, the shares have traded as low as $502.80 and as high as $604.83. On average, 1687010 shares of GOOG exchange hands on a given day and today's volume is recorded at 1053773.



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