This year Facebook has been dealing with a lot of issues related to security and safety of users. Since then the company has been making efforts to improve its image and come back in the scenario clean and clear.
Celebrating the second anniversary of its ‘Martketplace’, the social media giant has launched new Artificial Intelligence (AI)-powered features to assist its buyers and sellers complete transactions faster.
Facebook Marketplace came into existence in 2016 as a place for Facebook users to buy and sell within their local communities. It has emerged to be a popular place where people around the world can discover things they love, connect with people locally, launch a business, and earn a living through Facebook.
“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,” said Deborah Liu, Vice President of Marketplace, Facebook.
The new features use AI for price range suggestions and also for auto-categorization. AI has already been utilized to make Marketplace more efficient and helpful to the sellers to connect with more potential buyers by performing a variety of tasks like improving the quality of photos automatically and translating Messenger conversations and others.
Also, the new features automatically categorize the chair as “furniture” based on the photo and description, so that you don’t have to. The company is also testing camera features that could use AI to recommend products you might be interested in.