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Facebook buys speech translation app; Indian growth remains strong

  • Facebook (FB -2.3%) has bought Mobile Technologies, developer of iOS/Android voice recognition and text translation apps (called Jibbigo) covering 25+ languages. Facebook says it will support MT's apps "for the time being," but its clear goal is to integrate the startup's underlying technology into various Facebook apps.
  • Google and Apple, needless to say, are making their own big investments in voice recognition and (in Google's case) machine translation.
  • Facebook discloses its Indian monthly active users rose another 5% in Q2 to 82M. In its Q2 earnings slides, Facebook noted 39M of the 45M MAUs it added in Q2 came from Asia or the Rest of World segment. Only 6M came from the higher-ARPU North America and Europe segments.
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