Facebook buys facial recognition tech startup

Facebook said that it has bought facial recognition startup FacioMetrics, potentially using the technology for photo or video effects to better challenge rival Snapchat. Silicon Valley-based Facebook did not disclose financial terms of the deal to buy FacioMetrics, which was spun out of Carnegie Mellon University in Pennsylvania. FacioMetrics was founded in 2015 and specializes in using artificial intelligence to give facial image analysis capabilities to applications that run on smartphones.