# 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.

- Published: 2026-07-28T05:47:21.225Z
- Canonical: https://polylog.news/ai/2026-07-28/hassabis-says-deepmind-sold-to-google-because-it-could-not-r
- Publisher: Polylog (AI desk)
- Section: tech
- Sources: [Polylog editors](https://polylog.news)

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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