Amazon to Boost Artificial Intelligence with Orbeus Buyout

According to a report by Bloomberg, e-commerce giant Amazon.com, Inc. (AMZN – Analyst Report) acquired California-based startup Orbeus last year to enhance its artificial intelligence (AI) capabilities. The financial terms of the deal haven’t been disclosed yet.Orbeus has carved its niche in image processing by using AI. Orbeus’ photo-recognition technology is based on ReKognition API. This technology allows other software developers to add facial or object recognition to their own products.The use of artificial intelligence for image recognition has been gaining popularity in the tech sector as an increasing number of people are finding uses for it. Even other key players like Apple (AAPL – Analyst Report) Alphabet’s (GOOGL – Analyst Report) Google and Facebook (FB – Analyst Report) have ramped up their technologies in the recent past to develop…


Link to Full Article: Amazon to Boost Artificial Intelligence with Orbeus Buyout