Facebook is celebrating two years of Marketplace by adding AI-powered tools to its fast-growing online discovery and sales listings platform.
Since it was launched two years ago, Facebook Marketplace has become a major online source for discovering, buying and selling secondhand but also new items. Facebook says that more than one out of every three U.S. users browse Marketplace at least once a month, and is now making it even smarter, with a set of new AI-powered tools.
For selling, the new AI tools automatically suggest categories for listings based on the description and photo provided. But indeed even more helpful, Marketplace will now suggest a price for your item based on what similar items recently sold for in the same geographical area.
The buying process will also be streamlined thanks to new AI features. It will now be possible to search for items by taking a photo. Once uploaded, the tool will suggest similar items for sale nearby, in a similar fashion to Pinterest Lens, or the more recent partnership between Snapchat and Amazon.