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Snap looks to enhance augmented reality features with acquisition of British research lab Ariel AI

Snap looks to enhance augmented reality features with acquisition of British research lab Ariel AI CNBC 1/26/2021 Sam Shead Snap, the parent company of social media app Snapchat, has acquired a British artificial intelligence start-up called Ariel AI which focuses on augmented reality. Ariel AI was founded in London in 2018 by a group of former Google and Facebook research scientists including Chief Executive Iasonas Kokkinos and Chief Technology Officer George Papandreou. Snap told CNBC that Ariel AI s team joined its computer vision team in London at the end of 2020. © Provided by CNBC Evan Spiegel, co-founder and chief executive officer of Snap Inc., stands on the floor of the New York Stock Exchange during the company s initial public offering on Thursday, March 2, 2017.

V7 Labs raises $3M to help AI teams automate training data workflows – TechCrunch

V7 Labs raises $3M to help AI teams ‘automate’ training data workflows V7 Labs, the makers of a computer vision platform that helps AI teams “automate” and future-proof their training data workflows as advances in AI continue, has picked up $3 million in funding. Leading the seed round is Amadeus Capital Partners, with participation from Partech, Nathan Benaich’s Air Street Capital and Miele Venture. Founded in 2018 by Singularity University alumnus Alberto Rizzoli and former R&D lead at RSI, Simon Edwardsson (the same team behind “seeing” app Aipoly), the V7 Labs platform promises to accelerate the creation of high-quality training data by 10-100x. It does this by giving users the ability to build automated image and video data pipelines, organize and version complex data sets, and train and deploy “state-of-the-art” vision AI models.

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