Thursday, 8 January 2015

Facebook acquires Speech Recognition firm

Facebook Inc acquired wit.ai, a company that makes voice recognition technology for wearable devices and Internet connected appliances, the latest sign of its ambition to extend its reach beyond computers and smartphones. The price for the deal is not disclosed yet. Wit.ai is a company based in Palo Alto, California, which makes software that can understand spoken words as well as written text phrased in “natural language.”
The deal comes as technology companies are racing to bring Internet connectivity to a new crop of devices, from watches to washing machines. Voice recognition, the technology that helps power services such as Apple Inc Siri, is considered a key building block for the new devices to earn mainstream consumer appeal.

Alex Lebrun, Willy Blandin, and Laurent Landowski founded wit.ai. The company announced in October that it had raised $3 Million in a funding round led by venture capital firm Andreessen Horowitz. This deal for wit.ai is likely to have been significantly smaller. Facebook rivals Apple Inc, Google Inc, and Microsoft Corp. all have integrated voice recognition technology into their mobile operating systems for smartphones.

Wit.ai technology could allow Facebook users to speak commands that could be converted to text as posts or messages. The technology could have other uses. Facebook already has an optional feature that can recognize music and television shows and encourage users to post about what they are listening to or watching. Facebook mission is to connect everyone and build amazing experiences for the over 1.3 Billion people on the platform technology that understands natural language is a big part of that.

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