Things are really heating up between Google and Facebook, both showing interest in acquiring search-related businesses.
Facebook’s latest acquisition is Chai Labs, reportedly for around $10 million.
This Mountain View, California-based start-up was founded by former Google (GooG) adsense exec Gokul Rajaram.
On its website, Chai Labs says that the company is able to “bring a unique blend of skills and perspectives which help us reinvent the way content is created, stored, and delivered, to drive user and revenue growth for our customers.” The website also says that it specializes in “Structured Content Extraction” and “Semantic Search Platform.”
The ability to help publishers create, store and deliver content is something that makes sense for Facebook, given the powerful social networking site has been trying to work with media companies rather than compete with them.
According to VentureBeat, it isn’t exactly clear why Facebook is buying Chai Labs, but many people thinks it is more of a talent-acquisition than Chai Labs’ technology.
Meanwhile, Google is in the final stages of acquiring Like.com for $100 million, according to TechCrunch citing multiple sources about the information.
Like.com started as Riya, a tool for organizing photos, in April 2006. It re-launched as Like.com in November 2006 as the first visual search engine for products.
The co-founder and CTO, Burak Goturk, is a specialist in computer vision technology is said to have filed for two-dozen facial-recognition patents.
