Machine learning startups are going fast as Google announces its acquisition of the French company Moodstocks.
The news comes just weeks after Twitter’s purchase of the London-based Magic Pony. The announcement was made today on Moodstocks’ website and on the French edition of the Official Google Blog.
Moodstocks introduced on-device image recognition in 2012 and has been working towards object recognition for the past 2.5 years. The focus within the company’s new role with Google will be to build image recognition tools.
“Ever since we started Moodstocks, our dream has been to give eyes to machines by turning cameras into smart sensors able to make sense of their surroundings,” announced the company on its website.
As part of Google, the company will be discontinuing their current image recognition tools but current users will be able to use their products until their subscriptions expire. The company was purchased for an undisclosed sum of money.
It’s clear that a trend towards machine learning is quickly emerging as Facebook, Twitter, Google and other companies take steps towards capitalizing on this space.
Moodstocks will join Google’s Paris Research and Development Lab, launched in 2011, and the acquisition is set to be completed in the coming weeks.
Related reading: Twitter acquires machine learning company Magic Pony