Industry News

VisionLabs collaborates with Facebook, Google to create an open source computer vision platform

United States: VisionLabs, a solutions developer in the field of computer vision, robotics and data analytics has created open source computer vision platform with the help of two IT giants Facebook and Google. These two companies are providing their support to Vision Labs as they are fascinated about the study of neural networks and artificial intelligence.

VisionLabs has collaborated the two libraries for developers; OpenCV -open source computer vision library and Torch -an open source scientific computing framework. These two libraries support the machine learning algorithms.

TechSci Research analyses that with the development of computer vision platform it would be easy for companies to launch artificial intelligence related products in lesser number of days as the platform eliminates numerous barriers for developers.

According to the recent report by TechSci Research, “United States Artificial Intelligence Market By Application (Speech Recognition, Image Recognition, Cyber Security etc.), By End User (Consumer Electronics, Security & Access Control etc.), By Region Competition Forecast & Opportunities, 2011-2021 the United States artificial intelligence market was in an embryonic phase in 2015. However, the market has been witnessing rapid developments on account of growing usage for image and speech recognition in consumer electronic devices such as smartphones, tablets, smart wearables, smart TV, etc.

The competitive landscape of the market is highly fragmented as there is a significant year on year increase in the number of technology start-ups emerging in this market. These start-ups are majorly backed by angel investors and venture capitalists.

The investments in the artificial intelligence applications such as machine learning, natural language processing, cyber security, robotics, and automation are registering a sharp increase.

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