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DeepMind founder won funding from Peter Thiel with his chess knowledge

Dec 03, 2023 - businessinsider.com
DeepMind co-founder Demis Hassabis, a former chess champion, used his knowledge of the game to secure funding from Silicon Valley investor Peter Thiel. Hassabis impressed Thiel with his understanding of chess, leading to Thiel investing about $2.25 million into DeepMind, marking one of his first investments outside Silicon Valley.

DeepMind, founded in 2010 and acquired by Google in 2014, has made several significant breakthroughs in AI. It has developed an AI that beat a world champion at the game of Go and made advancements that have accelerated the search for new drugs. The company is also leading the development of AGI, a form of AI that could perform any intellectual task a human can.

Key takeaways:

  • DeepMind cofounder Demis Hassabis used his knowledge of chess to win funding from Peter Thiel.
  • The investment from Thiel was one of his first outside Silicon Valley and was crucial for DeepMind's early development.
  • DeepMind, acquired by Google in 2014, has made significant breakthroughs in AI, including beating a world champion at Go and making advances in drug discovery.
  • Hassabis believes that an AI as intelligent as the human brain isn't far off.
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