Facebook Acquires Wit.ai To Help Its Developers With Speech Recognition And Voice Interfaces

Technology and social media have clubbed together yet again as Facebook has acquired Wit.ai, a Y Combinator startup to create an API for building voice-activated interfaces. With over 6,000 developers on its platform who have built hundreds of apps, Wit.ai will remain open and free to users, where Facebook wants to use the technology to draw developers into its Build-Grow-Monetize loop where they get help building apps, but eventually pay Facebook for ads to grow or monetize by splitting revenue with Facebook from hosting its ads. Read More>>

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