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. Auctions What the Sotheby’s Sale Means for the Future of the Art Industry—and How It Reflects a Broader Shift in Global Economics. 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. Try out the demo at art.threadgenius.co Something … L'engouement des développeurs pour les t-shirts geeks ou technophiles est bien connu. Les facettes geeks, urbaines et technophiles des développeurs permettent de surfer sur beaucoup de codes, de passions et de références. Sotheby’s has bought Thread Genius, which has built a set of algorithms that can both instantly identify objects and then recommend images of … This article was initially published November 6th, 2017, prior to the acquisition of Thread Genius by Sotheby’s. Thread Genius (acq. The API client is available on Pip. The Motley Fool. 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. They previously worked … Co-founders Andrew Shum and Ahmad Qamar, who were also Thread Genius’s only two employees, were both engineering alums from Spotify. Andrew Shum studied electrical engineering and … 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.Co-founders Andrew Shum and Ahmad Qamar, who were also Thread Genius’s only two employees, were both engineering alums from Spotify. Similar to other auction houses like Christie’s, Sotheby’s is not a stranger to the tech world. 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. On January 25, 2018, Sotheby’s (the "Registrant") issued a press release announcing that it has enhanced its data capabilities, including through the acquisition of Thread Genius. “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. The app they created, shown in … Meanwhile, marketplaces like Artsy (which also has a visual database of sorts, the Art Genome project) are growing fast. by Sotheby's) last raised false false. The acquisition of Thread Genius is a continuation of Sotheby's focus on data and technology to drive innovation and improve both internal processes and client service and experience. 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. 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. (This is, apparently, also the case at Amnesty International, which is currently trying to build an AI-based system to help monitor activities around the world, essentially putting in place AI systems to do the work of an army of specialists that it doesn’t have the resources to employ. They’ll join Sotheby’s this week. 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. Sotheby… A subsidiary of S&C client Sotheby's acquired 100 percent of the outstanding shares of common stock of Thread Genius, a New York-based technology start-up with a focus on artificial intelligence (including machine learning algorithms). Robinhood is going to let you buy and sell crypto soon, CNN shuts down Casey Neistat's Beme and Sotheby's acquires Thread Genius. The company has been trying for close to 20 years to build out new frontiers and expand its business using the internet to expand its pool of would-be art buyers and consigners working with the likes of eBay and others to build out these services, these days adding in services like streamed auctions. “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. Features → Code review; Project management ... thread-genius-swift Archived A Swift client for the Thread Genius API. They are joining the auction house along with Richard Vibert, another data scientist it has hired. jan 25 (reuters) - sotheby’s: * sotheby’s - acquisition of thread genius, a startup specializing in taste-based image recognition and recommendation technologies They’ll join Sotheby’s this week. En janvier 2018, « l’auction house » a commencé sa mue digitale en rachetant la start-up d’intelligence artificielle Thread Genius. The world auction giant adds talent in software development, machine learning, blockchain, and data and analytics. Yet the value of these moves was about more than dollars and cents. BI Tech. All Breaking Tech News – All in one Place. Co-founders Andrew Shum and Ahmad Qamar, who were also Thread Genius’s only two employees, were both engineering alums from Spotify. Thread Genius Thread Genius is a visual search and image recognition API for style-focused applications. This incredible collection of Ford and Shelby race cars is worth millions Driving Culture, Art, Books Self driving cars. 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. 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.”. Sotheby’s (NYSE: BID) acquired Thread Genius, an Artificial Intelligence company specializing in image recognition & recommendation technologies. Sotheby’s recently announced its acquisition of Thread Genius, an Artificial Intelligence (AI) company specialising in taste-based image recognition and recommendation technologies, adding to its data capabilities, including software development, machine learning, blockchain, data and analytics. Supporting the future of art and technology. Sotheby's. ), “Historically, transactions would come together by matching an object with an individual’s preference at a certain price point, and Sotheby’s retains data in those three areas,” said Tad Smith, Sotheby’s CEO, in a statement. 2018 was a great year for our company. 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 … by Sotheby's) has raised a total of $0 in funding across 1 rounds. The S&C team advising Sotheby's was led by Melissa … Thread Genius is one of several technologically minded acquisitions Sotheby’s has made in the past two years. With Thread Genius, Sotheby’s is trying to remove another barrier to putting items up for sale: the annual auction calendar. 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