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In 2015, DeepMind’s AlphaGo became the first computer program to defeat a top human pro at the game of Go. Technology news website Recode reported that the company was purchased for $400 million, yet the source of the information was not disclosed. On January 26, 2014, Google announced it had agreed to acquire DeepMind Technologies, a privately held AI company from London. Google announced the launch of a new company, called Calico, on September 19, 2013, to be led by Apple Inc. chairman Arthur Levinson. Shares were sold in an online auction format using a system built by Morgan Stanley and Credit Suisse, underwriters for the deal.