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Morning Edition · Tuesday, July 28, 2026Published at 1:47 AM EDT · New York
Hassabis Says DeepMind Sold to Google Because It Could Not Raise the Capital to Stay Independent
The DeepMind chief executive said staying independent would have required about $7 billion at a time when the lab could barely raise $10 million per round.
DeepMind chief executive Demis Hassabis said the company had no realistic choice but to sell to Google, recalling that before AI became a trillion-dollar industry the lab was struggling to survive. By his account, remaining independent woul…
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