Google acquiring startup from CS department at University of Toronto
In a move showing it looks beyond Silicon Valley to fill gaps, Google is also tapping into centers of higher learning for acquisitions.
That can be seen through the Internet giant's newly-revealed purchase of DNNresearch Inc., a company spawned from the computer science department at the University of Toronto.
The news was confirmed on Tuesday by the Canadian university. Financial terms of the deal have not been disclosed, but the announcement did note that the bid follows up a $600,000 gift that Google awarded to one of the startup's co-founders, Professor Geoffrey Hinton, and his research group to support further work in the area of neural nets.
