Twitter buys Magic Pony to help with its efforts in live and video tweets

Twitter has bought an artificial intelligence startup to bolster its quest to improve live tweets and video technology on the social network site, the company said on its blog Monday. San Francisco-based Twitter bought London-based Magic Pony Technology. Magic Pony uses a process called machine learning, a way of teaching software to perform tasks without specific programming instructions. “Machine learning is increasingly at the core of everything we build at Twitter,” Jack Dorsey, Twitter’s chief executive officer, said in the blog post. “It’s powering much of the work we’re doing to make it easier to create, share, and discover the very best content.” Terms of the deal weren’t disclosed. However, TechCrunch estimated that Magic Pony was bought for up to $150 million. “Our acquisition of Magic Pony builds on other investments we’ve…


Link to Full Article: Twitter buys Magic Pony to help with its efforts in live and video tweets