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Facebook Q1 revenue grows 72% on rising mobile ads

Social-networking giant Facebook on Wednesday announced better-than-expected rise in its overall first-quarter revenue, thanks to an impressive growth in its mobile advertising business.

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PayPal not worried about Facebook’s potential entry into financial-services field

PayPal, the eBay-owned dominant player in the online financial-services arena, has claimed that it is not worried about the possibility of social-networking giant Facebook's entry into the field.

A recent report suggested that Facebook was apparently intending to enter the field of financial-services to provide remittances and electronic money through the internet.

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Is Facebook Intending to become an e-money Organization?

Facebook the social media favourite may soon have options for its users to transfer real currency around the world. It is real money in question and not bitcoins for sure.

Facebook the well loved social-media is reportedly aiming at transfer of funds or remittances which include a couple of billions of dollars which the immigrants send home to their own countries every year.

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Facebook’s new face recognition system is as accurate as human

Social-networking giant Facebook's new face-recognition system, dubbed DeepFace, is said to be as accurate in detecting a face as humans.

DeepFace is a complex artificial intelligence system that can render a 3-dimensional (3D) model of any given human face and can recognize it on account of its availability on the social network.

As per Facebook researchers, the new face recognition system can identify a human face correctly from the two given photographs 97.25 per cent of the time, which is very close to a human's face-recognition ability of 97.53 per cent.

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Facebook exploring possibility of spreading internet through drones & satellites

Mark Zuckerberg-led social networking giant Facebook is working on drones and other new technologies to spread internet access to every corner of the world.

Zuckerberg, founder and chief executive officer, yesterday revealed a new lab, dubbed the Facebook Connectivity Lab, where engineers are building flying drones, satellites as well as infrared lasers that will beam internet access to the two-thirds of the world not yet connected.

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