We present a visually grounded model of speech perception which projects spoken utterances and images to a joint semantic space. We use a multi-layer recurrent highway network to model the temporal nature of spoken speech, and show that it learns to extract both form and meaning-based linguistic knowledge from the input signal. We carry out an in-depth analysis of the representations used by different components of the trained model and show that encoding of semantic aspects tends to become

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... er as we go up the hierarchy of layers, whereas encoding of form-related aspects of the language input tends to initially increase and then plateau or decrease.