Facebook is excited about their latest acquisition, the artificial intelligence startup Grokstyle, saying its technology can boost their AI capabilities.. But it's another potential sign that Facebook plans to move deeper into shopping features. Their team and technology will contribute to our AI capabilities,” Facebook spokesperson Vanessa Chan said in a statement shared with VentureBeat.At Facebook, GrokStyle technology could be incorporated into anything from Marketplace, where users buy and sell goods, to computer vision systems used to moderate content on Facebook or Instagram.Other Facebook acquisitions in the past year include A Facebook like button is pictured at the Facebook France headquarters in Paris, France, November 27, 2017.
Grokstyle Grokstyle develops an app that automatically identifies furniture and home decor from just about any picture or angle. The social media giant didn’t exactly say how it intends to use the visual search app, nor did it disclose the purchase price, but logic dictates that Grokstyle’s technology will be very useful for Facebook Marketplace. "We are excited to welcome GrokStyle to Facebook.
Facebook’s acquisition of the company (no terms disclosed) makes sense on a couple of fronts: First, the company is investing heavily in computer vision and AI, so GrokStyle … Facebook has acquired visual search and AI startup GrokStyle, a company that previously worked with retailers to make computer vision that helps … Facebook has acquired an artificial intelligence startup that helps users shop for furniture. Create an account or log into Facebook. In a blog post on the company's homepage, GrokStyle revealed that it was "moving on as a team" but did not mention anything regarding the acquisition or Facebook. So, the news is official.
Share photos and videos, send messages and get updates. The company is called GrokStyle and it's been bought for an undisclosed sum. Their team and technology will contribute to our AI capabilities.”"Our team and technology will live on, and we will continue using our AI to build great visual search experiences for retail. We built state-of-the-art AI and visual search technology to help consumers readily find, explore, and decide on purchases. Connect with friends, family and other people you know. GrokStyle founded in 2015 in San Francisco also announced on their LinkedIn page that the Social Media Giant, Facebook had acquired the startup. In an attempt to enable users shop better using Artificial Intelligence (AI) capabilities, Facebook has acquired US-based virtual search start-up, GrokStyle, at an undisclosed amount. Facebook announced this morning that the London-based team at Bloomsbury AI will be joining the company. Facebook, Inc. is a social networking company that has acquired 82 other companies, including WhatsApp.The WhatsApp acquisition closed at a steep $16 billion; more than $40 per user of the platform. Facebook acquires Grokstyle on 2019-02-08 for an undisclosed amount. Their team and technology will contribute to our AI capabilities," CNET quoted Facebook spokeswoman, Vanessa Chan as saying on Friday.
Facebook has acquired GrokStyle, a shopping startup that uses AI to help you buy furniture and other items for the home.Facebook spokesperson Vanessa Chan confirmed the acquisition saying, "We are excited to welcome GrokStyle to Facebook. Facebook has acquired GrokStyle, a shopping startup that uses AI to help you buy furniture and other items for the home. Powered by its own proprietary technology, Mashable is the go-to source for tech, digital culture and entertainment content for its dedicated and influential audience around the globe. (Image: Bloomberg) 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.
The fact that GrokStyle has previously been part of an augmented reality app is particularly interesting, given that Facebook is building out its own AR platform, including is a global, multi-platform media and entertainment company. "We founded GrokStyle to reimagine the retail experience. The company has been steadily adding shopping features Enabling visual, camera-based search would certainly make sense if the company was looking to make it easier for users to connect with retailers. Their team and technology will contribute to our AI capabilities.”
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