Facebook acquires startup focused on video-editing!

Facebook acquires startup focused on video-editing!

In a bid to build on its Augmented Reality (AR) ambitions, Facebook has acquired German computer vision startup Fayteq, which is known for its video-editing technology that makes it possible to add or remove objects from existing videos.Facebook has confirmed the acquisition but did not share any additional information on its plans.Read also:Facebook hands over its translation services to AI

Startup Fayteq:

  • The social network major can use the technology for object tracking in live videos as part of its AR efforts and also for applying digital effects to captured videos.
  • Fayteq had been selling plug-ins for video editors like 'Adobe After Effects'.
  • That allowed video-editors to track objects in videos and then add or remove objects with help of the tracking data.
  • The company on Friday told its customers that its products and services are no longer available for purchase.
  • Earlier this week, Facebook rolled out "Watch".
  • Watch, a video platform for creators and publishers which will be available to a limited group of people in the US on mobile, desktop, laptop and TV apps.
Read also:Facebook introduces ‘Watch’, a new video platform!

Facebook tries to enter China incognito:

  • In a bid to explore the high-potential Chinese online market.
  • Facebook has authorised the release of a new app here that does not carry its name.
  • The app called "Colorful Balloons" is a photo-sharing app that shares the look, function and feel of Facebook's Moments app.
  • The app, which is designed to collate photos from a smartphone's photo albums and then share them.
  • It was released by a local company called Youge Internet Technology.
  • In addition,which is registered to an address in eastern Beijing, without any hint of affiliation with Facebook.
  • However, the room number listed in company registration documents could not be found amid a series of shabby, small offices on the building's fourth floor.
  • The director of the company, a woman named Zhang Jingmei, appeared in a photo of a meeting between Facebook and the Shanghai government.
  • Sitting next to Facebook executive Wang-Li Moser, indicating she is likely associated with the company.
  • Neither Facebook nor Jingmei has issued any official statement regarding their partnership.
  • It is unclear whether China's internet regulators were aware of the app's existence.
  • The under-the-table approach could cause Facebook new difficulties with Chinese government that has maintained strict oversight and control over foreign tech companies.
Read also:Facebook acquires Source3,a startup to fight Piracy!

Facebook was banned in China:

  • Facebook was banned in China in 2009.
  • Followed by its photo-sharing app Instagram in 2014 and its messaging app WhatsApp was partially blocked last month.
  • Facebook's founder Mark Zuckerberg has made a big point of meeting with Chinese politicians, studying Communist Party propaganda, Mandarin and even speaking it in public.
  • China's internet censorship has left big players.
  • Like Facebook, Apple and Google out of the huge Chinese market with an audience of more than 700 million internet users.
  • Last month, in a crackdown on Internet services by the government.
  • Apple had removed all major VPN apps from the App Store in China.

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