DeepMind Paved the Way for AI… Now What?
He was 13 years old and ranked as a chess master.
He was the second-highest rated player in the world under the age of 14.
At 16 years old, he was accepted to the University of Cambridge but had to wait another year until he could attend.
Demis Hassabis later went on to cofound artificial intelligence (AI) startup DeepMind in 2010. Just four years later, Google paid $500 million to acquire it.
But Hassabis started his career in video games at the age of 15.
He'd won a competition for a job at UK studio Bullfrog Productions.
At Bullfrog, he codesigned and was lead programmer on a video game called Theme Park.
The concept of the game is pretty simple. Players are challenged to build and run their own theme parks in hopes of it being successful.
This was back in the '90s when he was working under the legendary designer and founder of Bullfrog Productions, Peter Molyneux.
Theme Park was released in 1994 when Hassabis was only 17! The game went on to sell millions of copies.
Soon after that, Hassabis left Bullfrog Productions to study computer science at Cambridge. He was now of age to enroll…
He graduated at the age of 20 with a double first-class honours degree from Queens’ College, University of Cambridge.
While working on his degree, he worked at influential companies like Lionhead Studios and Elixir Studios.
His experiences at these companies led him to another business venture that would be heavily focused on AI...
DeepMind Was Created
In 2010, Hassabis cofounded the company DeepMind with his childhood friend Mustafa Suleyman.
DeepMind is a London-based startup with a goal to solve intelligence and use those solutions to make the world a better place.
The company continues developing self-learning algorithms that can excel at a specific task when given data that it can learn from.
DeepMind’s algorithms are formed by research and also strong expertise in neuroscience and machine learning.
Some of DeepMind’s earliest investors included Tesla CEO Elon Musk and Skype Cofounder Jaan Tallinn.
Musk explained his investment in DeepMind: "It gave me more visibility into the rate at which things were improving, and I think they’re really improving at an accelerating rate, far faster than people realize."
Musk is right to say that AI is improving and accelerating at a fast rate — it keeps getting smarter and smarter.
Its ability to change our lives forever is continuing to grow.
Companies like DeepMind are proving that. And they’re constantly pushing the limits...
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A Company Proving Its Intelligence
The company pushed the limits when it trained a software program to play Atari games at a superhuman level. It then took those algorithms and tested it even further...
Hassabis and his team focused on the ancient Chinese board game called Go. If you’ve been following Park Avenue Digest, then you should be pretty familiar with this ancient game. I wrote about it in a recent article.
If you didn’t read my article, all you need to know is that Go is considered the holy grail within the AI community.
AI scientists have attempted to master the game for decades but had been unsuccessful until DeepMind took a stab at it.
DeepMind used its algorithms and created computer program AlphaGo. It learns by playing thousands of games against itself. And it learns from its mistakes.
In 2016, AlphaGo played Go champion Lee Sedol and won.
The algorithms won. DeepMind won.
AI experts believe that DeepMind is way ahead of companies like Facebook and Amazon when it comes to AI innovation.
It’s constantly pushing forward to build a spot for itself in the industry.
However, there are also other companies out there that are like DeepMind...
Companies that have a strong and persistent focus on AI and also are led by intelligent founders...
And I’ve found one!
This company will leave an incredible mark on the industry. The future is AI. And this is one AI stock that you’ll need in your portfolio.
All my best,
Founder, Park Avenue Digest
Charles cut his chops on the trading floor of the New York Futures Exchange before moving on to become a wildly successful money manager on Wall Street.
And with more than 35 years of recommending stocks under his belt, Charles has knocked the cover off the ball, compiling an amazing record of success and posting gain after gain for his loyal readers. He is the founder of Park Avenue Investment Club and the Insider Alert newsletters.
Charles is also the author of the highly acclaimed book, Getting Started in Value Investing.