![]() The fact that Google already has DeepMind isn't an issue for Google Ventures, according to Larizadeh. This year every pitch deck says artificial intelligence." "Two years ago at accelerator demo, every pitch deck said big data in it. "Applied is injected in some way into most businesses now," said Hulme. "We would absolutely happily invest in the next DeepMind," he said. Doubling down on DeepMindsįairly early on in the conversation, Hulme said he's keeping an eye out for companies like DeepMind - an AI research lab in London's King's Cross neighbourhood that Google bought for a reported £400 million in January 2014. During the lunch at Dean Street Townhouse, the duo were asked about what happened to the dedicated Google Ventures Europe fund what their future investment strategy looks like, and whether they're really using artificial intelligence to identify the next companies to invest in. Google Ventures had five partners in Europe when it announced Google Ventures Europe but today there are only two left: Tom Hulme and Avid Larizadeh.īusiness Insider met Hulme and Larizadeh at a lunch in London with The Financial Times, and the BBC. The overall Google Ventures fund now stands at $475 million (£332 million) globally. The search giant's investment arm announced a dedicated $125 million (£86 million) fund for European technology startups in July 2014 only to fold it back into the global fund after making less than 10 investments over a period that lasted less than two years. Account icon An icon in the shape of a person's head and shoulders. ![]()
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