Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google DeepMind has reportedly agreed to hire more than 20 researchers from AI startup Contextual AI and license its technology in a deal valued between $80 million and $90 million.

Google DeepMind Expands AI Talent Push

Contextual AI co-founder and CEO Douwe Kiela is among the researchers joining Google DeepMind as part of the arrangement, Reuters reported on Tuesday, citing a person familiar with the matter.

Rather than fully acquiring the startup, Google is licensing some of its technology while bringing key personnel into the company.

Google and Contextual AI did not immediately respond to Benzinga's request for comments.