BlackRock and Google in talks over joint venture

Pierre Sarrau, chief investment officer of multi-asset strategies at BlackRock, says the company is talking to a UK-based Google company, adding that it is a “very exciting joint venture”. It is unclear which Google company that might be, but the internet giant last year acquired London-based DeepMind Technologies, which specialises in artificial intelligence — an area of particular interest to BlackRock. DeepMind, founded in 2010 by Demis Hassabis, aims to combine “the best techniques from machine learning and systems neuroscience to build powerful general-purpose learning algorithms”. Machine learning tries to create algorithms that predict future events using current data.

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