Facebook Acquires Start-Up Focused On Video-Editing

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In a bid to build on its Augmented Reality (AR) ambitions, Facebook has acquired German computer vision startup Fayteq, which is known for its video-editing technology that makes it possible to add or remove objects from existing videos.Facebook has confirmed the acquisition but did not share any additional information on its plans, Variety reported on Saturday.The social network major can use the technology for object tracking in live videos as part of its AR efforts and also for applying digital effects to captured videos.

Fayteq had been selling plug-ins for video editors like ‘Adobe After Effects’ that allowed video-editors to track objects in videos and then add or remove objects with help of the tracking data.The company on Friday told its customers that its products and services are no longer available for purchase, the report added.

Earlier this week, Facebook rolled out “Watch” — a video platform for creators and publishers which will be available to a limited group of people in the US on mobile, desktop, laptop and TV apps.

“They will be asked questions and basis their response, they will be shown only relevant tiles,” said Prakash Kumar, CEO of the Goods and Services Tax Network (GSTN). The new facility will result in time savings for the taxpayers, said GSTN, which provides the IT backbone for the new indirect tax regime.

For ‘nil’ GSTR 3B returns, one-click filing has been introduced as no tile will be shown to such taxpayers. Also, a help section has been provided on each page for the convenience of the taxpayer.

Retail or consumer inflation was driven mainly by faster rises in prices of food and fuel products. The November figure was higher than the RBI’s medium-term target of 4 per cent, shrinking room for the central bank to cut rates in near future. Vegetable prices showed a spike, with prices rising 22.48 per cent year-on-year in November. Higher fuel prices (up nearly 8 per cent) also pulled inflation higher.

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