Facebook buys start-up that uses AI vision to find location

Must Read

Facebookers Will Take Rs 70,000 on average to quit Facebook

When it comes to quitting Facebook, users will need $1,000 (nearly Rs 70,000) on average to deactivate their accounts...

Climate Change is real as our Oceans are warming up fast

Rising ocean temperatures Oceans are warming up faster.   A new study now finds that our oceans are much warmer than...

WHO calls for robust measures to contain spread of COVID-19

Geneva, March 8 (IANS) The World Health Organization (WHO) said on Saturday that the spread of COVID-19 can be...
Knowledge Stall Deskhttps://knowledgestall.com
At Knowledge Stall, we are going to quench the thirst of knowledge. We are going to try our level best in providing you the latest trending news about lifestyle, technology and other informative sectors

Germany fines Facebook $2.3mn for under-reporting content complaintsSan Francisco, Feb 10 (IANS) Facebook has acquired Scape Technologies — a London-based computer vision start-up working on location accuracy beyond the capabilities of GPS.

Full terms of the deal remain as yet unknown, although a Companies House update reveals that Facebook Inc now has majority control of the company (more than 75 per cent).

- Advertisement -

“However by looking at other filings, including a recent share issue, I understand the price could be about $40 million,” TechCrunch reported on Saturday.

The start-up”s cloud-based “Visual Positioning Service” translates images into 3D maps that deliver a precise outdoor location across entire cities.

Scape technologies

It is pertinent to note that it”s not yet clear what Facebook intends to do with Scape. But, the augmented reality (AR) glasses may be the best fit.

Founded in 2017, Scape Technologies was developing a “Visual Positioning Service” based on computer vision which lets developers build apps that require location accuracy far beyond the capabilities of GPS alone.

–IANS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

We succeeded in saving country from stage 3: Health Minister

New Delhi, April 25 (IANS) Union Health Minister Harsh Vardhan on Friday said we have saved India from going...

Dietary supplements important weapon for fighting off COVID-19

New York, April 25 (IANS) Supplements containing vitamins C and D and other micronutrients are a safe, effective and low-cost means of helping your...

Instagram launches in-app food delivery to support businesses

San Francisco, April 25 (IANS) Facebook-owned photo and video-sharing app Instagram has launched a new feature that allows food orders to be placed through...

India has so far gifted $5 million medical supplies to world to combat Covid-19

New Delhi, April 24 (IANS) India has gifted USD 5 million worth of medicines and other Covid-19 related supplies to the world so far...

India needs to incentivise charger manufacturing: Top industry body

New Delhi, April 24 (IANS) Smartphone chargers and Printed Circuit Board Assembly (PCBA) are two mobile components that could help India achieve its manufacturing...

No exponential rise in Covid-19 cases in country: Health Ministry

New Delhi, April 23 (IANS) The Centre said on Thursday that the rise in coronavirus cases in the country has been more or less...

Google will now verify all of its advertisers on its platforms

San Francisco, April 23 (IANS) To provide greater transparency and equip users with more information about who is advertising to them, Google on Thursday...

HP to provide free resources to students, educators in India

New Delhi, April 23 (IANS) PC and printer major HP Inc. on Wednesday announced its partnership with educational content provider Gamooz in India to...

Can Facebook become Amazon of the world with Reliance Jio?

New Delhi, April 23 (IANS) Mark Zuckerberg-run Facebook has interestingly chosen India to begin its global ecommerce journey with investing $5.7 billion (approx. Rs...

More Articles Like This