Google in recent days announced that it has entered an
acquisition agreement with Moodstocks, a company that operates in image
recognition. It is a French startup founded in 2009 and which introduced a
recognition image solution in 2012 enabling the smartphone to recognize
anything captured by the camera.
Over the past two and a half years, a small group of
researchers and engineers has used the techniques and the deep learning
technologies to expand recognition algorithms of objects, providing licensed
executable code and offering a software development kit OEMs interested in
integrating the solution into their products. The Moodstocks API allow
integrating a visual search functionality in applications, with the analysis of
the images to find correspondences of color, shape or texture.
The acquisition will be finalized in the coming weeks, but
the economic value of the transaction is confidential information. The group of
researchers and engineers Moodstocks will be integrated within the research and
development of Google in Paris and will contribute to Google's activities in artificial
intelligence focusing on developing solutions and tools to recognize images to
' inside the big G.
Moodstocks said that following the acquisition will suspend
all image recognition services under the brand Moodstocks, but that all the
existing customers can use the tools until the license expires.
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