Facebook acquires AI startup Ozlo
Facebook continues its corporate acquisition spree with Ozlo, a startup based in Palo Alto, California. This time, the team and the technology that comes with the purchase will be added to the popular Facebook Messenger.
According to the announcement published on Ozlo's website, "Our world-class team has built a knowledge graph containing over 2 billion entities and created amazing AI technology that uses this data to understand real-world nuances." At Facebook, the Ozlo team will work "on building experiences powered by artificial intelligence and machine learning," reveals the same source.
Back in April, Facebook's US customers gained access to M, a digital assistant for the Messenger app, but featuring limited functionality. In the meantime, Facebook's chatbots apparently got better. Now, Ozlo's team and its know-how should take the entire service even further, but the details are not public yet.
As it usually happens with such corporate acquisitions, the financial terms of the deal were not disclosed by any of the parties involved.