AI Factory was created by Victor Shaburov, who earlier bought a distinctive organization to Snap that specialised in facial recognition technological innovation. Additionally, Shaburov was employed at Snap as the director of engineering.
It has been noted that the acquisition value Snap $166 million USD, nonetheless, the social media enterprise declined to validate the figure.
Snap’s acquisition will enable the business compete with other social media platforms that leverage similar varieties of technology, which empower end users to edit themselves into online video content material.
Impression Credit history: Perzonseo Webbyra/ Flickr