The social media giant revealed on Tuesday that the team behind the startup had “agreed to join Facebook in London”.

With the week coming to a close, it’s time to catch up on the important updates in the tech and startup ecosystem around the world.According to Andrea Miner, director of business intelligence and corporate strategy at US distribution company Tech Data, Meanwhile, Taiwan-based consumer electronics company HTC is reportedly planning to lay off nearly a quarter of its workforce by cutting 1,500 jobs in its manufacturing unit in Taiwan. Announced Date Jul 2, 2018; Discover more with Pro . Although Facebook has not confirmed the acquisition, the move is believed to be a part of the social media giant’s effort to … That’s why Facebook decided to acquire Bloomsbury. Bloomsbury AI is a U.K.-based which is primarily developing AI that reads text documents and answers questions about their contents (called Cape). Thank you for sharing the ride with us. Acquired by . The company’s specialist focus on natural language processing technology is certain to be of value to Facebook AI Research, whose mission is to advance the field of machine intelligence.Working with Facebook, the Bloomsbury team plans to continue to grow their natural language processing and AI expertise, pursuing in-depth research into text understanding and reasoning systems. We have open sourced Cape so that everyone can benefit from the work we have done. Transaction Name .

After several allegations of fake news and leaking data of its users, this acquisition by Facebook can be seen as one of its many efforts to combat fake news.


We’ve kept you updated on the happenings in the Indian startup ecosystem. Submit your stories now via social or: Pulse GH is Ghana's new media publisher.
The move In June, HTC reported that its sales declined by nearly 68% from $226 Mn (T$6.9 Bn) in June 2017. Its May sales dipped from $80 Mn (T$2.45 Bn) in 2017 to $72 Mn (T$2.2 billion) this year. Since its founding in 2015, Bloomsbury AI has built a leading expertise in machine reading and understanding unstructured documents.

The European Investment Fund, which puts money into European investment firms, is unlikely to invest. Early this month, Facebook confirmed the acquisition of Bloomsbury AI, a London-based artificial intelligence start-up with over 60 patents acquired to date. At least one potential fund backer has dropped out thanks to Brexit. Nine Network is a company registered under Indian Companies Act 2013 and Registered As Nine Network Private Limited CIN: U74140DL2016PTC289760.

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The Bloomsbury team will be based at Facebook AI Research’s London office, building on their AI efforts and working with a roster of strong engineering talent from Facebook, including scientists and academics.

Facebook May Acquire Bloomsbury AI To Combat Fake News Speculation is rife that social media giant Facebook may acquire London-based startup Bloomsbury AI, which specialises in natural language processing (NLP) technology to help machines answer questions based on information gleaned from documents. For this purpose, Facebook bought Bloomsbury, a London based AI startup which is specialized in developing and extending machine learning and natural language processing methods. The European Investment Fund, which puts money into European investment firms, is unlikely to invest. Bloomsbury AI. Bloomsbury AI was acquired by Facebook on Jul 2, 2018. According to a report from TechCrunch, Facebook is all set to expand its influence in the United Kingdom by buying the AI startup Bloomsbury AI. Thank you for subscribing to our newsletter! Bloomsbury AI was bought by Facebook around July. The Bloomsbury team will be based at Facebook AI Research’s London office, building on their AI efforts and working with a roster of strong engineering talent from Facebook, including scientists and academics.

This is an indication that Facebook has big plans when it comes to using artificial intelligence. This time, Mark Zuckerberg’s company is reportedly eyeing to strengthen its efforts against fake news through the startup.

Source: Facebook is set to acquire Bloomsbury AI, a London-based startup, as reported by TechCrunch.



Bloomsbury AI: Facebook Wants To Better Understand Human Speech Facebook announced it has acquired Bloomsbury AI, a London-based AI company that specializes in natural language processing.

We are proud that its early success has meant we need to consider another fund."Eyewitness?



Then, by mid-August, Other digital-content services — including Amazon and Apple’s iTunes — will continue to list user ratings and reviews.Homesharing site Airbnb is planning to introduce a new payment gateway for hosts to receive part of the payment in advance.