Prisma made a splash over the past couple of months with its cloud AI-powered effects app for photos and video. But it looks like Facebook is gearing up to beat the company at its own game. In an interview at The Wall Street Journal’s WSJDLive conference, Facebook’s Chief Product Officer Chris Cox demonstrated an app the company has been quietly working on that applies art filters to live video. As with Prisma, Facebook’s “style transfer” app, as Cox referred to it, mimics the style of popular painters when transforming your footage. The difference, however, is in its speed: While Prisma…

This story continues at The Next Web