San Francisco-based Square, which is led by Twitter CEO Jack Dorsey, acquired Dessa for an undisclosed sum. The artificial intelligence company will continue to operate in Toronto and be led by its current executives. (The Logic)
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San Francisco-based Square, which is led by Twitter CEO Jack Dorsey, acquired Dessa for an undisclosed sum. The artificial intelligence company will continue to operate in Toronto and be led by its current executives. (The Logic)
Talking point: Square, a financial services company, intends to use Dessa’s tech to reduce the use of deepfakes in financial transactions. Dessa has done a lot of work to raise awareness about the technology; in May 2019 it published convincing but entirely fake audio of podcaster Joe Rogan, and has also open-sourced some of its detection technology to help others recognize deepfakes. This acquisition follows Square’s May 2019 purchase of another artificial intelligence startup, Eloquent Labs, which focuses on parsing natural language processing. This is the Square’s second Canadian acquisition, after the 2015 purchase of Toronto-based payment processing startup Kili Technology.
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