Skip to main content

Facebook to buy firm specializing in voice translation

By
Facebook to buy firm specializing in voice translation

Facebook has agreed to acquire Mobile Technologies, a firm specializing in voice translation software, the two companies said Monday, without providing financial details of the transaction.

Founded in 2001, Mobile Technologies is best known for developing the Jibbigo mobile 
application for speech-to-speech language translation.
"I'm excited to announce that we've agreed to acquire Mobile Technologies, a company with an amazing team that's behind some of the world's leading speech recognition and machine translation technology," Facebook's Product Management Director Tom Stocky wrote in an online posting.
"Voice technology has become an increasingly important way for people to navigate mobile devices and the web, and this technology will help us evolve our products to match that evolution."
In a separate statement, the smaller firm said it was "excited to announce that Facebook has agreed to acquire Mobile Technologies and that once the deal has closed many of us will be joining the company at their headquarters in Menlo Park, California."
Despite having over one billion monthly users,Facebook has struggled to climb out of the wreckage of its disastrous stock market debut more than a year ago.
The social network has appeared to be on an upward trajectory, however,following an earnings report last month that showed a big jump in mobile advertising revenue and sent shares soaring more than 40 %.
source:http://www.hindustantimes.com/technology/BusinessComputing-Updates/Facebook-to-buy-firm-specializing-in-voice-translation/SP-Article1-1107405.aspx
Labels:

Comments

Post a Comment

Popular posts from this blog

Google Pixel, Pixel XL pre-orders open: Here are the unique features

By
Google Pixel, Pixel XL pre-orders open: Here are the unique features Google  Pixel and Pixel XL smartphones are available on Flipkart for pre-order. And it looks like Google is only bringing the ‘Quite Black’ colour variant to India for now, with ‘Very Silver’ and ‘Really Blue’ both not available in India yet. Google Pixel and Pixel XL with their premium pricing are set to compete with the likes of Apple iPhone 7, iPhone 7 Plus,  Samsung Galaxy S7  and Galaxy S7 edge. Google Pixel and Pixel XL are first ‘Made by Google’ smartphones, and come with Google Assistant in-built, which is also the highlight of the devices. Honor 8 First Look Video Google Pixel and Pixel XL have a aluminum and glass design. Google Pixel is priced at Rs 57,000 for 32GB version in India. The 128GB variant of Google Pixel costs Rs 66,000. Google Pixel XL is available at Rs 67,000 for 32GB stor...
Post a Comment
Read more

Make self control freak talk

By
Make self control freak talk!!!!! Make him talk http://www.selfcontrolfreak.com/word.html
Post a Comment
Read more

Mentos + Coke =Whoosh!

By
Mentos + Coke =Whoosh! A Diet Coke and Mentos eruption is a reaction between a carbonated beverage and Mentos candies that causes the beverage to spray out of its container.
Post a Comment
Read more