Twitter reportedly paid 0 million for a London startup called Magic Pony

Thistlecrack ridden by Tom Scudamore on the way to winning the 3.30 Ryanair World Hurdle at Cheltenham Festival. Reuters / Dylan Martinez Twitter has announced that it has acquired Magic Pony Technology, the London startup that worked on machine learning technology. TechCrunch reports that Twitter paid $150 million (£102 million) for the British company. A blog post written by Twitter CEO Jack Dorsey says that “Magic Pony’s technology – based on research by the team to create algorithms that can understand the features of imagery – will be used to enhance our strength in live and video and opens up a whole lot of exciting creative possibilities for Twitter.” Machine learning is a type of technology related to artificial intelligence which involves a computer teaching itself different processes without someone…


Link to Full Article: Twitter reportedly paid 0 million for a London startup called Magic Pony