Thread Genius (acq. Sotheby’s (NYSE: BID) acquired Thread Genius, an Artificial Intelligence company specializing in image recognition & recommendation technologies. Co-founders Andrew Shum and Ahmad Qamar, who were also Thread Genius’s only two employees, were both engineering alums from Spotify. Search 27,858 jobs now available in Montréal, QC on Indeed.com, the world's largest job site. 11 May 2016. by Sotheby's) has raised a total of $0 in funding across 1 rounds. Thread Genius (acq. And they are popular: On a recent visit I made to the Tate here in London for a Modigliani exhibition, it was impossible to get in to see a VR experience of Modigliani’s studio; it had been booked up for the whole day. Sotheby… You can see some examples of how it works here: Sotheby’s’ said it is not disclosing the value of the deal but said it was non-material to the company. All Breaking Tech News – All in one Place. by Sotheby's) last raised false false. Auction firm Sotheby's has embraced that idea with its acquisition of Thread Genius, a company that uses AI to find art based on images of paintings, watches, furniture and other items. 2018 was a great year for our company. As part of the deal, Thread Genius' The world auction giant adds talent in software development, machine learning, blockchain, and data and analytics. They previously worked … Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨ This incredible collection of Ford and Shelby race cars is worth millions Driving Culture, Art, Books Self driving cars. The Motley Fool. jan 25 (reuters) - sotheby’s: * sotheby’s - acquisition of thread genius, a startup specializing in taste-based image recognition and recommendation technologies Sotheby’s’ said it is not disclosing the value of the deal but said it was non-material to the company. But one area that has remained relatively untouched by tech is the art evaluation aspect of the business. We are committed to attracting and retaining talent in all aspects of what we do and are thrilled to welcome Richard, Ahmad and Andrew to Sotheby’s.”. 1744. They’ll join Sotheby’s this week. Thread Genius, based in New York, was founded in 2015 by engineers Andrew Shum and Ahmad Qamar. Meanwhile, marketplaces like Artsy (which also has a visual database of sorts, the Art Genome project) are growing fast. Sotheby’s has bought Thread Genius, which has built a set of algorithms that can both instantly identify objects and then recommend images of similar objects to the viewer. Supporting the future of art and technology. The three will become part of a new unit that will be building a new AI-based recommendation engine for the company, working in part with IP Sotheby’s owns called the Mei Moses Art Indices, an art database of 50,000 images that it acquired in 2016. Sotheby’s, the oldest and largest internationally recognized firm of fine art auctioneers in the world, has been uniting collectors with world-class works of art since 1744. This is a pretty bold move for Sotheby’s. While I don’t think that Sotheby’s is going to quickly give up on its human specialists, what it will mean is that the auction house now will be able to replicate some aspects of their work to help expand on to digital platforms, and to touch more potential buyers and others as a result. The fact that the Thread Genius team will be building an AI-based recommendation platform touches on an interesting trend in the non-tech world: companies whose core competency is not technology are increasingly looking to tech to replicate some of the expertise that they have in house to expand what they can do. “By using advanced technology, we can deliver better insights and match those three elements faster, providing our staff with better tools, our clients with a better experience, and our consignors with even better results. Jun 5, 2018 - Sotheby’s acquired startup Thread Genius, whose machine learning tech can discern clients’ artistic and style leanings–and suggest customized purchases. As a result of our entire team’s efforts and the continued trust placed in Sotheby’s by our clients, we fulfilled our objective to substantially improve upon last year’s good results, and we achieved a second straight year of 20%+ after-tax returns on equity 1, a significant improvement from the average of just over 15% between 2014 and 2016. Every company today is a tech company, a maxim that was proven out today when one of the world’s oldest and biggest art auction houses acquired an AI startup. The three will become part of a new unit that will be building a new AI-based recommendation engine for the company, working in part with IP Sotheby’s owns called the Mei Moses Art Indices, an art database of 50,000 images that it acquired in 2016. by Sotheby's) has raised a total of $0 in funding across 1 rounds. “The acquisition of Thread Genius and the addition of Richard, Ahmad and Andrew to the Sotheby’s team advance a number of initiatives related to the strategic capture and use of data to improve internal processes and provide a wider range of services to clients,” said Jennifer Deason, Sotheby’s Head of Strategy & Corporate Development, in a statement. Sotheby's is the premier destination auctions and private sale of Contemporary, Modern & Impressionist, Old Master Paintings, Jewelry, Watches, Wine, Decorative Arts, Asian Art & more Thread Genius is fundamentally a visual search engine that relies on convolutional neural networks [4] to analyze patterns, shapes, colors, strokes that can be trained on specific purposes: even if it started with clothes recognition for the fashion industry, its deep learning capabilities were soon translated to … Thread Genius is fundamentally a visual search engine that relies on convolutional neural networks [4] to analyze patterns, shapes, colors, strokes that can be trained on specific purposes: even if it started with clothes recognition for the fashion industry, its deep learning capabilities were soon translated to paintings. While I don’t think that Sotheby’s is going to quickly give up on its human specialists, what it will mean is that the auction house now will be able to replicate some aspects of their work to help expand on to digital platforms, and to touch more potential buyers and others as a result. Sotheby’s has bought Thread Genius, which has built a set of algorithms that can both instantly identify objects and then recommend images of … Thread Genius (acq. pip install thread-genius Getting Started. 09 May 2016. sotheby's is celebrating its 275th anniversary but is hardly an old fogey, dynamic in its ever innovative expansion in terms of acquisitions of new companies, from everything as diverse as thread genius, a company that developed advanced technology to improve client experience by matching an object to an individual's preference at a certain price point,… Thread Genius was a relatively young company, founded in 2015 and making a debut last year as part of TechStars New York’s Winter 2017 cohort. Meanwhile, marketplaces like Artsy (which also has a visual database of sorts, the Art Genome project) are growing fast. 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