Twitter makes adds to machine learning operation with purchase

“Machine learning is increasingly at the core of everything we build at Twitter (TWTR +3%),” says CEO Jack Dorsey, announcing the purchase of U.K.-based Magic Pony Technology for a reported $150M. In the machine-learning space, Twitter has previously purchased Madbits in 2014 and Whetlab last year. Magic Pony has developed techniques of using neural networks and machine learnings to provide expanded data for images, says Techcrunch. “Twitter has gone after video in a big way and buying Magic Pony demonstrates how important video is for them,” says Suranga Chandratillake, a partner at Balderton.


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