Twitter acquires machine learning startup Magic Pony to improve ‘visual experiences’

Jack Dorsey CEO and co-founder of Twitter announced on Monday that the micro-blogging platform had acquired London-based machine learning startup, Magic Pony Technology. While Twitter didn’t divulge the financial details of the deal, Techcrunch estimates that Twitter is paying upto $150 million in all for the deal(including retention bonuses for the staff). What does Magic Pony do? Founded in December 2014 by Dr. Zehan Wang and Rob Bishop, Magic Pony’s team creates algorithms that can understand the features of imagery. In a recent interview, MIT Technology Review noted that Magic Pony had developed a way to create high-quality videos or images from low-resolution ones. Rob had stated that their technology could improve the quality of images captured on smartphones with low-resolution cameras or in low light. The company solves this in a unique manner-Magic Pony doesn’t need manually labeled…


Link to Full Article: Twitter acquires machine learning startup Magic Pony to improve ‘visual experiences’