Twitter Buys Another Machine Learning Startup

Machine learning continues to make inroads among hyper-scalers who are increasingly using it to train rather then program algorithms. As if the technology needed any more promotion, Twitter announced its acquisition of a London-based company that has developed machine-learning techniques for visual processing. According to reports, Twitter (NYSE: TWTR ) paid about $150 million for AI startup Magic Pony Technology. Other details of the deal announced Monday (June 20) were not disclosed. The social media company’s stock rose on news of the transaction. The deal gives Twitter another machine learning tool, this one designed to improve live and streaming video. Twitter previously invested in the Harvard University machine-learning spinout Whetlab last year and image search startup Madbits in July 2014. Twitter CEO Jack Dorsey noted in a blog post that…


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