Twitter acquires machine-learning startup Magic Pony to boost image content

Twitter Inc. announced that it had acquired a machine-learning startup based in London. Magic Pony Technology Ltd has developed technology that improves the quality of videos shot on smartphones and shared online. While Twitter did not reveal the financial details of the acquisition, reports suggest the deal is worth $150 million. Twitter hopes the acquisition will allow it to deliver better image and video content to its user base. The social media company said that the acquisition will boost its live and video content and help offer several creative possibilities for the company. Magic Pony Technology started 18 months ago, and after the acquisition, it will become part of Cortex, which is Twitter’s team of data scientists, engineers, and machine-learning researchers. In the last three years, this is the third…


Link to Full Article: Twitter acquires machine-learning startup Magic Pony to boost image content