Facebook’s acquisition of immersive virtual reality technology company Oculus VR officially closed earlier this week, and Co-Founder and CEO Mark Zuckerberg took some time during the social network’s second-quarter earnings call Wednesday to discuss how the combination of the two companies could impact the future of computing.
A common perception of Facebook’s efforts on the search front is that they have stalled since its introduction of Graph Search at the beginning of last year, but this is not so, Co-Founder and CEO Mark Zuckerberg said Wednesday during the company’s second-quarter earnings call.
Facebook Co-Founder and CEO Mark Zuckerberg participated in a $40 million funding round in Vicarious, which describes itself as “a secretive artificial-intelligence company,” according to The Wall Street Journal’s Digits blog.
An accuracy rate of 97.25 percent is fairly impressive in most cases, and when it comes to facial recognition, DeepFace, a facial-verification software project being developed by Facebook, reached that level, according to a research paper released by the social network last week, which added that human beings shown two unfamiliar photos of faces were able to identify whether or not the subjects were the same person 97.53 percent of the time, barely edging out DeepFace.
Vivek Wadhwa, a research professor at Stanford University, published a diatribe on LinkedIn a few months ago titled, “Facebook Is Doomed.” Contributing to the debate on the medium- and long-term sustainability of one of the biggest social networks is undoubtedly a healthy endeavor. However, this excessive public statement distinguishes itself with rather frivolous arguments on Wadhwa’s part.
Many buildings in Manhattan walk the fine line between maintaining their lush histories and upgrading their interiors and amenities to keep up with today’s needs, and Facebook’s new office at 770 Broadway is no exception, as many of the social network’s New York-based employees found out Monday, which was moving day into the Frank Gehry-designed space.
Photo-messaging application Snapchat reportedly turned down Facebook’s acquisition offer of more than $3 billion last November, but that didn’t stop Facebook Co-Founder and CEO Mark Zuckerberg from praising Snapchat during a talk with Stanford University President John Hennessy at the school’s Memorial Auditorium.
At some point in just about every earnings call, company executives are asked about their visions for the future. Facebook Co-Founder and CEO Mark Zuckerberg’s vision for the next five years at the social network is based on “understanding the world,” and it includes advances in Graph Search, mobile applications such as Messenger, and artificial intelligence.