Facebook Acquires Facial Recognition Company Face.com for $100M: Good Move?
Fef 2012/06/18 19:14:02
Facebook just bought a leading facial recognition company for $100 million. The Israeli facial recognition company shared more than the first four letters of its name with Facebook -- they both share an interest in connecting faces with names. Facebook previously purchased the wildly popular photo app Instagram for $1billion. Now Facebook can integrate facial recognition with its vast network of names, tags and social graphs.
Face.com builds facial recognition software that is not only highly accurate, but also works efficiently at web-scale. Our facial recognition analytics are able to identify faces well, despite difficult circumstances like poor lighting, poor focus, subjects wearing eyeglasses, facial hair, and even Halloween costumes. Face recognition isn’t just for the government or in the movies – you can use it yourself in all kinds of ways, from tagging photos to social networking.
Facebook and Face.com have finally made an official announcement regarding their much rumored acquisition deal after nearly a month of speculation.
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