Highlights

Good Articles to Share

Author: Tan KW   |   Latest post: Fri, 22 Feb 2019, 11:00 AM

 

Facebook acquires visual shopping startup to bolster AI work

Author:   |    Publish date:


Facebook Inc said it acquired visual shopping and artificial intelligence startup GrokStyle Inc in a move to bolster the social-media company’s own AI work. 
 
GrokStyle’s technology, which was integrated into Ikea’s mobile app, was simple in practice. A user takes a picture of a piece of furniture and the technology would match it to similar products that could be purchased online. On its website, GrokStyle said it is “winding down” its business, but that it is “moving on as a team” along with its technology. The company didn’t disclose it’s joining Facebook. 
 
“We are excited to welcome GrokStyle to Facebook,” Facebook spokeswoman Vanessa Chan said in a statement. “Their team and technology will contribute to our AI capabilities.” She declined to disclose a purchase price. 
 
Facebook could use the underlying AI technology and GrokStyle’s employees to bolster its own efforts in the field. The startup’s specific technology also makes sense for Facebook Marketplace, the company’s service for buying and selling items from other Facebook users on its social network. 
 
The GrokStyle purchase marks the second reported acquisition by Facebook this year. Earlier this month, the company bought the team behind blockchain technology company Chainspace for an undisclosed sum. The company purchased at least four firms last year, including startups focused on messaging and AI.
 
 
– Bloomberg 
Share this

  Be the first to like this.
 


FEATURED EVENT
 

163  422  511  1063 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 IWCITY 0.645+0.055 
 SAPNRG 0.315-0.01 
 AAX 0.265-0.025 
 VS 0.99-0.03 
 DNEX 0.33+0.005 
 HSI-C3W 0.42-0.02 
 SAPNRG-WA 0.1050.00 
 SEACERA 0.36+0.005 
 TATGIAP 0.095+0.005 
 HSI-H4Y 0.17+0.005 

SPONSORED POSTS

1. Investment Bloggers Day 2019 MQ Trader Announcement!
2. Investment Bloggers Day - Get your sponsored ticket from MQ Trader today! MQ Trader Announcement!

TOP ARTICLES

1. PANTECH(5125) OR ALL-TECHNOLOGY STOCK IN THE OIL AND GAS SUPER BOOM TIME, CALVIN TAN RESEARCH THE INVESTMENT APPROACH OF CALVIN TAN
2. The Bonuses of Airasia Windfall Profit
3. This company got 5G network prospect + Mahathir factor, ready to punch all the way into glorious moment again Target Invest - We Target, We Invest
4. Why a second Special Dividend and more - Airasia Windfall Profit
5. DIALOGUE (O&G Stock) : Will This Be Another QL RESOURCES DUTCH LADY OR NESTLE, Calvin Tan Research THE INVESTMENT APPROACH OF CALVIN TAN
6. Price of Airasia Windfall Profit
7. FPI - Earnings dragged by higher operating cost (HLIB maintain BUY rating with TP of RM2.22) FPI 2大因素前景看好台灣聯友今年再 尋突破
8. CIMB's downward revision on Bumi Armada is weird - felicity Good Articles to Share
Partners & Brokers