Facebook Adds AI Features to 'Marketplace' For Faster Transactions

As Facebook celebrates the second anniversary of its "Marketplace", the social media giant has introduced new Bogus Intelligence (AI)-powered features to help its buyers and sellers consummate transactions faster.

Marketplace was introduced in 2016 every bit a place for Facebook users to buy and sell inside their local communities.

It has grown to be a place where people effectually the world can detect things they love, connect with people locally, launch a business concern, and earn a living, Facebook said.

"We believe AI can fundamentally change the way people shop, and are excited about the potential opportunities and value it can bring to buyers and sellers," Deborah Liu, Vice President, Marketplace, Facebook.

AI has already been used to brand Market more efficient and assistance sellers connect with more potential buyers by performing a variety of tasks such every bit improving the quality of photos automatically and translating Messenger conversations, amidst others.

The new features introduced this week employ AI for toll range suggestions and auto-categorization.

For example, if you lot wanted to sell your home office chair, Market could use AI to aid you sell information technology even faster by suggesting you toll information technology between $50-75 based on what similar chairs recently sold for.

Information technology will likewise automatically categorise the chair as "piece of furniture" based on the photo and description, so that you lot don't have to.

"We're also testing photographic camera features that could utilise AI to recommend products you might be interested in. Say you liked your friend's headphones and wanted your own; yous could snap a photo of the headphones and Market place'southward AI engineering science could recommend like listings for sale nearby," Liu said.

In the future, AI could help simplify tasks like completing an outfit or home blueprint project.

"For example, you could upload a photo of your living room and become suggestions on furniture to buy based on your layout and size," Liu added.

Facebook said it had invested in detecting and removing inappropriate content from Marketplace.

"Cheers to our AI technology, we are working to detect and remove items that violate our policies by analyzing the images, content, and context within a listing," Liu said.