via Somini Sengupta and Kevin J. O’Brien, The New York Times Facebook on Friday confronted a new obstacle over what to do with one of its most vital assets — pictures. The company promised European regulators that it would forgo using facial recognition software and delete the data used to identify Facebook users by their … Continue reading
via Alexis Tsotsis, TechCrunch After about a month of speculation, Facebook has finally announced its acquisition of Israeli facial recognition technology Face.com. We’ve heard from multiple sources that the acquisition price was around $100m, with others reporting that the price was between $80m-$100m. (Update: We’re now hearing from a source familiar with the matter that … Continue reading