Twitter invests in machine learning capabilities with acquisition of Magic Pony Technology

Citing an increased focus on machine learning, Twitter has acquired Magic Pony Technology, a London-based technology company that has developed novel machine learning techniques for visual processing. The deal, which is reportedly worth $150 million, builds on other investments that Twitter has made in machine learning, including the acquisitions of Madbits in July 2014 and Whetlab in June 2015. Magic Pony’s team will join Twitter Cortex, a team of engineers, data scientists, and machine learning researchers dedicated to building a product in which people can easily find new experiences to share and participate in, according to a Twitter blog. [Native Advertisement] Magic Pony’s technology is based on research to create algorithms that can understand features in images, will be used to enhance Twitter’s strength in live stream and video. The…


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