'Secret team’ building algorithms on...': When Google ‘killed’ Deepmind CEO Hassabis

Demis Hassabis secretly attempted to launch a high-frequency trading hedge fund within DeepMind, aiming to rival Jim Simons' Renaissance Technologies. Google, however, shut down the project. This endeavor was part of DeepMind's broader, ultimately unsuccessful, efforts to gain independence from Google's control, leading Hassabis to believe in influencing decisions from within.

By TOI TECH DESK