Facebook’s latest acquisition shows interest in UK AI industry
Social networking giant Facebook is reportedly acquiring London-based Bloomsbury AI, a Natural Language Processing (NLP) startup.
The company is expected to be paying between $23 - $30 million for its Bloomsbury acquisition, which is also said to involve stock changing hands.
In an official statement, Facebook said:
"The Bloomsbury team has built a leading expertise in machine reading and understanding unstructured documents in natural language in order to answer any...