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DNA (Daily News & Analysis) Mumbai Edition - - FRONT PAGE -

FB ac­quires vis­ual shop­ping start-up to bol­ster AI work

Face­book Inc said it ac­quired vis­ual shop­ping and ar­ti­fi­cial in­tel­li­gence (AI) start-up Grokstyle Inc. in a move to bol­ster the so­cial-me­dia com­pany’s own AI work. Grokstyle’s tech­nol­ogy, which was in­te­grated into Ikea’s mo­bile app, was sim­ple in prac­tice. A user takes a pic­ture of a piece of fur­ni­ture and the tech­nol­ogy would match it to sim­i­lar prod­ucts that could be pur­chased on­line. On its web­site, Grokstyle said it is “wind­ing down” its busi­ness, but that it is “mov­ing on as a team” along with its tech­nol­ogy. The com­pany didn’t dis­close it’s join­ing Face­book.

Harry Pot­ter-in­spired crypto func­tion sends prices lev­i­tat­ing

Cryp­tocur­rency prices ap­pear to be getting a mag­i­cal bump from op­ti­mism over a soft­ware pri­vacy func­tion known as Mim­blewim­ble, which is named af­ter a Harry Pot­ter spell that stops peo­ple from re­veal­ing se­crets. Lite­coin, the fourth-largest dig­i­tal as­set as mea­sured by Coin­mar­ket­cap.com, jumped as much as 36% on Fri­day in the wake of a re­port that it may in­cor­po­rate the pro­to­col to im­prove pri­vacy and scal­a­bil­ity. The dig­i­tal to­ken slumped al­most 90% last year. Bit­coin gained as much as 10%, while Ether jumped as much 18%.

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