Google DeepMind reaches an agreement to hire more than 20 researchers from artificial intelligence startup Contextual AI and to license Contextual AI’s technology, according to people familiar with the matter cited by Bloomberg. Channel NewsAsia reports the same development, also citing a source. The reports describe the arrangement as both a staffing and licensing deal, indicating that DeepMind would bring certain personnel into its organization while obtaining rights to use Contextual AI’s technology. The companies’ agreement details, including the financial terms, scope of the license, and the specific technologies involved, are not provided in the available accounts. The reports also do not specify when the researchers would begin work or whether the licensing covers particular products or research areas. Overall, both outlets agree on the core elements: DeepMind hires a group of Contextual AI researchers and simultaneously licenses Contextual AI technology under an arrangement communicated through sources familiar with the discussions.
Google DeepMind hires Contextual AI staff in technology licensing deal
Google DeepMind reaches an agreement to hire more than 20 researchers from artificial intelligence startup Contextual AI and to license Contextual AI’s technology, according to people familiar with th...
- Google DeepMind reaches a deal involving both hiring and licensing with AI startup Contextual AI.
- The deal includes hiring more than 20 Contextual AI researchers, according to sources.
- DeepMind also licenses technology from Contextual AI, according to the reports.
- Both accounts cite people familiar with the matter; specific deal terms are not disclosed.
Google DeepMind has reached a deal to hire more than 20 researchers from artificial intelligence startup Contextual AI and license its technology, according to people familiar with the matter.
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