New image tagging service disrupts online advertising market

Just met a tech startup called WeSee – it’s an image tagging business that uses neural networks and super sophisticated algorithms to break down images to understand what’s in them – and perform auto tagging.

So, if you have a picture of your living room on Facebook WeSee can find furniture, TV, lights, bookcases etc and auto tag them – allowing advertisers contextual opportunities to run banner ads against them for e.g. Samsung selling TV’s.

They tell me they have the same ability coming for video very shortly.