In a bid to crackdown a fight against the fake news on Facebook platform, the company has acquired a London based AI startup Bloomsbury. Bloomsbury uses machine learning techniques to improve natural language processing. Facebook has been struggling in the fake news domain and as per details; the acquisition will help Facebook find out an answer.
As per the details, the financing of the term has not been made available by both the parties but it could be ranging anywhere around $23 and $30 million. Sebastian Riede, one of the co-founders of Bloomsbury had earlier started a firm called Factmata which used to wipe out the fake news. The expertise of Sebastian Riede will surely be a guiding force for the company. Notably, Facebook has a unit called FAIR which does all the content related to work which is being reported.
Facebook has been through a rough phase due to the Cambridge Analytica Scandal which shook the world as it revealed that massive data breach was done by the firm. The companies started to update their terms and conditions post the fiasco which led Facebook founder Mark Zuckerberg give a testimony in front of the Congress House.
The London-based firm has developed a product called Cape which reads a document and then gives answers to the content related questions. According to Facebook, "The Bloomsbury team has built a leading expertise in machine reading and understanding unstructured documents in natural language in order to answer any question. We look forward to welcoming them to Facebook and we can't wait to see what we build together."