deepmindGoogle’s letting the cash flow. Fresh off its $3.2 billion acquisition of “conscious home” company Nest, which makes the Nest Learning Thermostat and Protect smoke and carbon monoxide detector, it’s spending some comparative pocket change — $400 million – on artificial intelligence startup DeepMind Technologies.

The news was first reported at re/code here, where one source describes DeepMind as “the last large independent company with a strong focus on artificial intelligence.” The London startup, funded by Founders Fund, was founded by Demis Hassabis, Shane Legg and Mustafa Suleyman, with the stated goal of combining machine learning techniques and neuroscience to build powerful general purpose learning algorithms.

Its web page notes that its first commercial applications are in simulations, e-commerce and games, and this posting for a part-time paid computer science internship from this past summer casts it as “a world-class machine learning research company that specializes in developing cutting edge algorithms to power massively disruptive new consumer products.”

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