Facebook Confirms Its Acquisition Of Bloomsbury AI

The team at Bloomsbury AI will be joining Facebook as the its officially announced the acquisition of the company. According to Facebook, the merger will help Facebook to further understanding natural language and its applications. It says The Bloomsbury AI team will help in growing Facebook’s AI efforts in London.

Although the acquisition figure was not disclosed, but it is believed that Facebook paid around $23 to $30 million. Bloomsbury AI was backed by Fly.VC, Seedcamp, IQ Capital, UCL Technology Fund and the U.K. taxpayer-funded London Co-investment Fund.

In its post Facebook says its expertise will help Facebook’s efforts in natural language processing research. It is also possible that the said applications could include detecting misinformation and any sorts of problematic content.
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