Express Computer
Home  »  News  »  Facebook Acquires This UK based AI Startup Without Making Noise

Facebook Acquires This UK based AI Startup Without Making Noise

0 301

Artificial Intelligence is not just a popular buzzword, it is a technology that is proving useful for some major industries. The number of AI startups in the past decade has increased and along with it, even the investment in these startups has been huge. Social Media giant Facebook is no stranger to AI technologies and the company’s latest acquisition of Deeptide Ltd reinstates that. 

Facebook has been investing in new technologies for a while now with a particular focus on developing AI capabilities for computer vision, Natural Language Processing (NLP) and deep learning. In 2018, the company acquired or rather hired Bloomsbury AI for NLP research and very recently, Scape technologies, a London based computer vision startup. 

The company had also acquired a visual shopping and Artificial Intelligence startup GrokStyle last year to boost its own AI work. Another move made by Facebook in 2017 was to rebrand its virtual assistant that was called M by taking over an AI startup called Ozlo. Ozlo was integrated with Facebook’s messaging App. 

However, Deeptide Ltd was also acquired by Facebook in December last year and there wasn’t as much attention drawn towards it. Atlas ML was powered by Deeptide Ltd and is the custodian of “Papers With Code” which is an open-source providing machine learning papers. 

As per an international publication, the acquisition was discovered in a regulatory filing and wasn’t announced by Facebook. Their sources say that the price is estimated to be around $40 million. Facebook is known to buy small startups from time to time, however, with major AI startups, the company can be seen heading towards an advanced level. 

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 

Stay updated with News, Trending Stories & Conferences with Express Computer
Follow us on Linkedin
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image