Deals

Fitbit May Pick Up Pebble

Fitbit, the leader in the wearables category, is close to an agreement to buy struggling smartwatch maker Pebble for up to $40 million, in a move to gain the firm’s intellectual property and software. The negotiations follow several months of financial turmoil at Pebble, which reportedly slashed its workforce by 25 percent in March and has rebuffed several prior offers to be acquired.

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Social Networking

Facebook Videos Explain AI in a Nutshell

Facebook last week released six videos to educate people about artificial intelligence. AI will bring major changes to society, and will be the backbone of many of the most innovative apps and services of the future, but it remains mysterious, noted Yann LeCun, Facebook’s director of AI research, and Joaquin Candela, the company’s director of applied machine learning in an online post.

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