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

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Facebook today acquired Wit.ai, a Y Combinator startup founded 18 months ago to create an API for building voice-activated interfaces. Wit.ai already has 6,000 developers on its platform who have built hundreds of apps.

Wit.ai’s platform will remain open and free, which makes it seem that 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 the source article at TechCrunch