Social media giant Facebook is reportedly set to acquire the developer of a speech recognition and language translation app in a bid to boost the company's mobile ventures.
According to Stuff.co.nz, Facebook has not disclosed the financial terms of its deal with Mobile Technologies.
Facebook's management director Tom Stocky said that voice technology has become and increasingly important way for people to navigate mobile devices and the web.
Facebook's rivals including Google and Apple use voice recognition features in their products and the social media giant following their footsteps does not come as a surprise after its mobile advertising took the company shares soaring and such a feature would only help it further enhance the service.
The report added that the language translation app developer, Mobile Technologies was founded in 2001 and was the maker of the free Jibbigo Translator mobile app that automatically translates speech from more than 20 languages.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app