Facebook is reportedly close to buying a British AI startup to help it shutdown fake news

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• Facebook is close to acquiring London-based start-up Bloomsbury AI to help it combat fake news, TechCrunch reports.
• Bloomsbury AI develops natural language processing (NLP) technology, and has created an AI called "Cape" which can read documents and then answer questions about their contents.
• Facebook is reportedly paying between $23 million and $30 million to acquire the company.

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Facebook is set to acquire London-based start-up Bloomsbury AI for up to $30 million (£23 million), according to a TechCrunch report.

Founded in 2015, Bloomsbury AI specialises in natural language processing (NLP) technology, and has developed an AI called "Cape," which can read text documents and answer questions about their contents.

See the rest of the story at Business Insider

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