Realtime Object Recognition

In the field of realtime, one of the most exciting areas is augmented reality on the mobile.  Part of that is of course recognising what the phone is looking at.  That can be done by the G1/ iPhone 3GS in the sense that they can combine GPS location with compass and accelerometers to know pretty much where the phone is.  But by adding object recognition into the camera feed, they can complete the picture.  A pretty impressive demo below:

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