Twitter is hoping a Magic Pony will help it stay relevant in video

Twitter’s famous blue bird is getting some equine company. The messaging platform announced today (June 20) that it acquired Magic Pony Technology, a startup based in London that applies machine learning to video, for an undisclosed sum. Its acquisition looks like Twitter’s latest attempt to reverse its slumping fortunes by boosting its efforts in the increasingly hot artificial intelligence space. Investors appear relieved: Twitter stock was up 1.5% in early trading. But don’t expect this deal to produce yet another digital assistant with an anodyne female moniker. Magic Pony’s tech is focused on turning low-resolution images and videos into high-resolution versions of themselves. It does so by training convolutional neural networks (algorithms that establish how various nodes are related) to guess how the lines and shades on a low-resolution image…


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