@sohear @TechCrunch @Scape @Facebook | Inside VR - February, 11th 2020 | Inside.com

Inside VR (Feb 11th, 2020)

@sohear @TechCrunch @Scape @Facebook

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2. Facebook has acquired computer vision start-up Scape Technologies. Steve O'Hear reports for TechCrunch that the terms of the deal have not been disclosed, but by looking at other filings, including a recent share issue, he estimates the price of the deal (which gives Facebook Inc. majority control of the London-based company) to be around $40 million. Scape is working on a “Visual Positioning Service” which establishes location accuracy beyond the capabilities of GPS. O'Hear writes the acquisition by Facebook looks to be a good fit considering the social media giant's continued investment in immersive platforms. However, he says it also represents another – perhaps worrying -– example of U.S. tech companies snatching up U.K. machine learning and AI talent early.   –TECHCRUNCH

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