Twitter to expand its machine learning technology with a 0 million deal

Twitter Inc (NYSE: TWTR) announced on Monday the acquisition of Magic Pony Technology, a London-based company that has developed novel machine learning techniques for visual processing. The microblogging company assured to be expanding its capabilities in the machine-learning area by buying the technology for a $150 million deal, which includes retention bonuses for the staff, as reported by TechCrunch. Twitter recently acquired Magic Pony Technology, a company that has developed novel machine learning techniques for visual processing.Credit: TechCrunch “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,” Jack Dorsey, CEO and co-founder, wrote in a blog post.…


Link to Full Article: Twitter to expand its machine learning technology with a 0 million deal