grokstyle acquired by facebook

Their team and technology will contribute to our AI capabilities.” Facebook is excited about their latest acquisition, the artificial intelligence startup Grokstyle, saying its technology can boost their AI capabilities.. 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. 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. But it's another potential sign that Facebook plans to move deeper into shopping features. Facebook has acquired GrokStyle, a shopping startup that uses AI to help you buy furniture and other items for the home. 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 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. We built state-of-the-art AI and visual search technology to help consumers readily find, explore, and decide on purchases.

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.

Facebook acquires Grokstyle on 2019-02-08 for an undisclosed amount. "We are excited to welcome GrokStyle to Facebook. Facebook has acquired an artificial intelligence startup that helps users shop for furniture. (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. 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 … "It's not clear exactly what team within Facebook GrokStyle and its "AI capabilities" will be a part of. Watch every session from our flagship AI event Facebook has acquired visual search and AI startup “Our team and technology will live on, and we will continue using our AI to build great visual search experiences for retail,” the company said in a post on its website.As part of the acquisition, GrokStyle will wind down its existing business.“We are excited to welcome GrokStyle to Facebook. 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. Share photos and videos, send messages and get updates.

So, the news is official. Connect with friends, family and other people you know. Create an account or log into Facebook. GrokStyle founded in 2015 in San Francisco also announced on their LinkedIn page that the Social Media Giant, Facebook had acquired the startup. Facebook has acquired visual search and AI startup GrokStyle, a company that previously worked with retailers to make computer vision that helps … 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. Mashable, MashBash and Mashable House are among the federally registered trademarks of Ziff Davis, LLC and may not be used by third parties without explicit permission.

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