It seems Yahoo is in love with acquisitions. They just keep on coming. In a deal that secured the acquisition of IQ Engines and its image recognition services, Yahoo hopes to better Flickr services by making use of IQ Engines technology. Reportedly, IQ engines is no more taking in new sign ups and will be shutting down its API within the next month. Following the acquisition, IQ Engines officials commented that the so called move is an effective measure that is presumed to change the very way people search for photos and is aimed to deliver a globally designed intelligent model for one and all.
Back in the year 2010, IQ engine’s API had helped the company to pull off a funding of more than $1 million. It also allowed the users to gain access to a visual search engine. It was also a great boon for app developers and retailers online who could make the very best use of the system API which in turn facilitated the websites to categories particular set of images. The two notable APIs that IQ Engines worked with were SmartCamera and SmartAlbum respectively.
SmartCamera made it possible for the retailers to help build a system that made effective use of logos and product images where the customers could use their camera enabled smartphones. On the other hand Smart Album, lay its focus on photo analysis along with facial recognition for all sorts of online photo albums and associated mobile apps. The acquisition is deemed to a moniker that will help rebuild Yahoo’s lost glory and also serve as a reply to Facebook’s face recognition system.
Creating a better product by making use of Yahoos Flickr services and IQ engines existing image recognition technique is what Yahoo aims to do at this point in time. It was also reported that the tech minds at IQ Engines will be joining the Flickr services team readily so that the application can be made to use readily and incorporate new features that will help one and all users. When it comes to acquisitions, Yahoo has a readily developed penchant. The question remains, whether the new acquisition can deliver its charm to uplift the fallen state of the former Internet Giant?