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Facebook adds A.I. to Marketplace for categorization, price suggestions and soon, visual search

Facebook is celebrating the two-year anniversary of its Craigslist competitor, Facebook Marketplace, with the launch of new features powered by A.I. Specifically, the social network says it’s adding price range suggestions and auto-categorization features to make selling easier, and it says it’s testing camera features that would use A.I. to make product recommendations.
Automating price suggestions and categorization, however, is not unique to Facebook – eBay earlier this year introduced a feature in its mobile app that will fill out your listings for you, using technologies like structured data and predictive analytics. Letgo can also make generalized price suggestions.
In Facebook’s case, the company says it will be able to categorize items based on the photo and description, then suggest a price range (e.g. $50-$75) for sellers to choose from. According to the company, when this autosuggest feature is enabled, sellers are less likely to abandon their listings, it has learned. (9% of sellers abandoned listings before the feature was enabled, it noted.)
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