Tuesday, June 19, 2012

Facebook NOW has facial recognition...now a bigger asset to the CIA and intelligence agencies

Facebook buys facial recognition startup Face.com
by Jennifer Van Grove
Reuters
June 19, 2012

Facebook has purchased facial recognition startup Face.com, the companies announced Monday morning.

photo
The Electronic Privacy Information Center (EPIC) filed a complaint in
2011 against Facebook over their facial recognition capabilities.
“People who use Facebook enjoy sharing photos and memories with their friends, and Face.com’s technology has helped to provide the best photo experience,” a Facebook spokesperson told VentureBeat. “This transaction simply brings a world-class team and a long-time technology vendor in house.”

Terms of the deal were not disclosed, but previous reports pegged the acquisition price at between $80 million and $100 million. The deal, which is still pending, is expected to close within the coming weeks.

Founded in 2007, Face.com makes technology that can identify people in photos and even guess a person’s age. The company makes mobile-friendly products such as a developer API and an iOS camera application called KLIK that uses facial recognition technology to help users...

(click here to read the full article)

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