(Reuters) - Facebook Inc is in talks to buy drone maker Titan Aerospace for $60 million, according to media reports.
The high-flying drones would give Facebook, the world's No.1 Internet social network, the ability to beam wireless Internet access to consumers in undeveloped parts of the world, according to the technology blog TechCrunch. TechCrunch first reported the deal late on Monday, citing an anonymous source.
The effort would help advance Facebook's Internet.org effort, aimed at connecting billions of people who do not currently have Internet access in places such as Africa and Asia.
Facebook declined to comment.
Titan Chief Executive Vern Raburn declined to comment on whether Facebook was buying the company or a large order of its planes.
Along with Google buying the largest military robotics maker, this is spooky.
In a 2009 study Acquisti and a colleague used off-the-shelf facial recognition software and a data mining algorithm to demonstrate that they could guess social security numbers and other sensitive information belonging to people who they had seen in public.
...And Amazon is buying drones to ship packages.
Buy on-line from them in 4-5 years and a small drone will deliver the product directly to you!
reply to post by watchesfromwall
Ahhh...there it is "...and wait for the necessary FAA rules and regulations."
I think the concensus was, good luck with that.
The FAA is supposed to be drafting rules for drone traffic, so it may still happen.