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Facebook buying Britain-based AI start-up: Report

San Francisco, July 3: Facebook is reportedly acquiring London-based startup Bloomsbury AI that has developed natural language processing (NLP) technology to help machines answer questions. According to a report in Tech Crunch on Monday, “multiple sources say Facebook is paying between $23 million and $30 million to acquire Bloomsbury AI”. The social media giant aims to deploy the Bloomsbury AI technology to work on fighting fake news, the report added. Facebook was yet to comment to the report. Facebook recently announced that it was using AI to remove posts from its platform that involve hate speech, nudity, graphic violence, terrorist content, spam, fake accounts and suicide. “We view AI as a foundational technology, and we’ve made deep investments in advancing the state of the art through scientist-directed research,” Facebook said in a statement. (IANS)

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