Twitter Inc. (TWTR) Buys Magic Pony Technology To Support Mobile Live Video

A pony is joining the flock. Twitter has acquired Magic Pony Technology, a London-based startup focused on machine learning and visual technology, Twitter CEO Jack Dorsey announced Monday.  The less-than-two-year-old startup has been building and training neural networks to process and improve the visualization of video. The team has created a system to convert low-resolution video into a higher quality one and has demonstrated it for live video game streaming, MIT Technology Review reported earlier this year. That type of video conversion technology is key for Twitter as focuses on live video. Twitter will stream 10 games of NFL Thursday night football this season, and Dorsey said the company has plans to expand live video into politics, entertainment and news coverage. “Magic Pony’s technology — based on research by the team to create algorithms that can…


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