DeepMind CEO explains why he sold to Google for $650 million in 2014

Google DeepMind CEO Demis Hassabis has opened up about his decision to sell DeepMind to Google back in 2014. He revealed that competing with Big Tech would have required around $7 billion, while he was struggling to raise even $10 million in funding rounds. DeepMind's breakthrough in Atari game-playing attracted Silicon Valley's attention, prompting rivals to poach his researchers with offers of up to $10 million annually. With no product or revenue to sustain the company, Hassabis accepted Larry Page's acquisition offer of approximately $650 million.