Snap Buys AI Factory
Snap buys AI Factory.
Snap buys AI Factory for $166 million.
AI Factory delivers AI business blends based on image and video recognition, analysis, and processing. Snap worked with them to create the Cameos animated selfie-based video feature. It's deepfake tech that lets you add your face to a GIF image with other people or even animals. It works in chats between users. To get a video with yourself and share it with a friend, you take a selfie, pick a GIF image you like from a template, then Cameo adds an animated photo of your face to the GIF. You can add text on top of the animated message if you want. AI Factory’s algorithms make all the vital visual changes, adding facial expressions where needed.
Snap bought facial-recognition startup Looksery for $150 million in 2015 to boost animated selfie lenses in Snapchat. Looksery’s tech formed the basis of the popular Lenses video filter. Lenses doubles as an advertising medium for which Snapchat charges up to $700,000 per day. The founder of Looksery, Victor Shaburov, became Snap’s director of engineering. Victor left Snap in May 2018 to create AI Factory with Greg Tkachenko and Alexander Mashrabov. It has offices in San Francisco, Kyiv, and Zaporizhzhia, all operating in stealth mode. Some of the company’s 70 employees will move to the Snap office.
In 2016 Snap bought Bitstrips for $100 million, giving it the Bitmoji cartoon-avatar app. In 2017 Snap bought Zenly for $213 million, which formed the basis of Snap Map.
Snap buys AI Factory for $166 million.
AI Factory delivers AI business blends based on image and video recognition, analysis, and processing. Snap worked with them to create the Cameos animated selfie-based video feature. It's deepfake tech that lets you add your face to a GIF image with other people or even animals. It works in chats between users. To get a video with yourself and share it with a friend, you take a selfie, pick a GIF image you like from a template, then Cameo adds an animated photo of your face to the GIF. You can add text on top of the animated message if you want. AI Factory’s algorithms make all the vital visual changes, adding facial expressions where needed.
Snap bought facial-recognition startup Looksery for $150 million in 2015 to boost animated selfie lenses in Snapchat. Looksery’s tech formed the basis of the popular Lenses video filter. Lenses doubles as an advertising medium for which Snapchat charges up to $700,000 per day. The founder of Looksery, Victor Shaburov, became Snap’s director of engineering. Victor left Snap in May 2018 to create AI Factory with Greg Tkachenko and Alexander Mashrabov. It has offices in San Francisco, Kyiv, and Zaporizhzhia, all operating in stealth mode. Some of the company’s 70 employees will move to the Snap office.
In 2016 Snap bought Bitstrips for $100 million, giving it the Bitmoji cartoon-avatar app. In 2017 Snap bought Zenly for $213 million, which formed the basis of Snap Map.
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