Facebook acquires AI chatbot startup Ozlo

  • Facebook acquires AI chatbot startup Ozlo

Facebook acquires AI chatbot startup Ozlo

Because of Facebook's huge user population and massive news feed, detecting and managing fake news requires intelligent software. "We're excited to welcome the Ozlo team as we build compelling experiences within Messenger that are powered by artificial intelligence and machine learning". The knowledge graph is said to specialize in real-world interactions, and can recommend restaurants and the like, as well as provide menus, maps and more. Ozlo launched a suite of APIs in March, and the company's knowledge graph is one of its key differentiators. Ozlo sold its knowledge layer to developers as a service.

A demo on the archived version of Ozlo's site gives a sneak peek of its tech. Ozlo will also be shutting down its API services and applications.

Ozlo also created several application programming interfaces covering things such as data extraction, intent recognition and conversion actions in order to help it facilitate business-to-consumer transactions.

So this is where Ozlo could help. But the app hasn't become extremely popular - on Android the app has 500-1,000 installs. Ozlo's technology is likely to bolster M and make its suggestions more conversational and drawn from a richer variety of sources. On Monday, Facebook announced that it has acquired Palo Alto-based artificial intelligence startup Ozlo. A lot of them will join Messenger in Facebook's offices located in Menlo Park, California or in Seattle, Washington, a Facebook spokesperson said.

The financial terms of the deal were not disclosed, but it seems to be an important for Facebook, with Mark Zuckerberg stressing the importance of AI at its second quarter earnings call on July 26. The startup was previously backed by AME Cloud Ventures and Greylock Partners.

Facebook Messenger already has a virtual assistant in the form of M. It is not known at this moment if the Ozlo team will merge with Messengers existing AI teams or work towards offering a completely new feature.

Facebook is now focused on text-based AI, while voice-powered technology is still out of its reach.

If so, it would compete with similar visions that Amazon, Google, Apple, Samsung and Microsoft have for their intelligent agents, as they race to colonize the world of machines and devices.