Twitter Acquires Machine Learning Startup Magic Pony Technology

Twitter Inc. (NYSE:TWTR) acquired Magic Pony Technology, a machine learning startup based in London that can enhance low-resolution and blurred video in real-time. The microblogging company continues to find ways to improve its products and services and turnaround itself towards growth and profitability. Last week, Twitter CEO Jack Dorsey confirmed reports that the company invested $70 million in SoundCloud, a music streaming service. Investors perceived the investment a positive move. Twitter did not disclose the terms of the deal with Magic Pony Technology.  A related report from TechCrunch indicated that the microblogging company paid $150 million for the machine learning startup based on information from two sources. Enhancing image quality using deep learning In a statement, Magic Pony Technology confirmed its merger with Twitter to use its technology to improve…


Link to Full Article: Twitter Acquires Machine Learning Startup Magic Pony Technology