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Sunday, February 10, 2019

Facebook buys virtual search startup to boost AI capabilites!

Facebook wants to leverage AI for the retail game.
  • idea is to allow users to match furniture in an image to visually find similar ones at stores.
In an attempt to enable users shop better using artificial intelligence capabilities, Facebook acquired US-based virtual search startup GrokStyle for an undisclosed amount.

"We are excited to welcome GrokStyle to Facebook. Their team and technology will contribute to our AI capabilities," CNET quoted Facebook spokeswoman Vanessa Chan as saying.

The basic idea is to allow users to match a piece of furniture or a light fixture in an image to visually find similar ones in stock at stores, TechCrunch reported.

"We are excited to share that we are moving on as a team and we will continue using our AI to build great visual search experiences for retail," GrokStyle wrote in a blog post.

GrokStyle also noted on its LinkedIn page that it has been acquired by Facebook. Based in San Francisco, the startup was founded in 2015.

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