BAKU/27.01.14/TURAN : Google is going to acquire StartUp to develop artificial intelligence DeepMind.
According to the portal Re / Code, Google representatives confirmed the deal, but it is not stipulated amount - on different information, it ranges from $ 400 to 500 million.
The company DeepMind is little known to townsfolk, but among its colleagues on the development of artificial intelligence it is considered to be a strong player . It was founded by 37-year-old Demis Hassabis, former childhood prodigy in chess, who then worked since 16 years old at the legendary game studio Bullfrog and Lionhead.
Now his company employs 50-75 people , investing in it $ 50 million , and on the level of developed technologies it can compete with Google and Facebook.
On the one hand , this is just one of the many promising members of StartUp, regularly bought by Google. On the other hand , against the background of recent acquisitions dozen manufacturers robotics necessarily think that Google apparently plans to engage seriously robots now , perhaps even " reasonable ." - 17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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