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Snap looks to enhance augmented reality features with acquisition of British research lab Ariel AI
CNBC
1/26/2021
Sam Shead
Snap, the parent company of social media app Snapchat, has acquired a British artificial intelligence start-up called Ariel AI which focuses on augmented reality.
Ariel AI was founded in London in 2018 by a group of former Google and Facebook research scientists including Chief Executive Iasonas Kokkinos and Chief Technology Officer George Papandreou.
Snap told CNBC that Ariel AI s team joined its computer vision team in London at the end of 2020.
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Evan Spiegel, co-founder and chief executive officer of Snap Inc., stands on the floor of the New York Stock Exchange during the company s initial public offering on Thursday, March 2, 2017. ....

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