Twitter bets on machine learning with Magic Pony acquisition

Dive Brief:Twitter announced in a blog post it is acquiring machine learning company Magic Pony, a company with a focus on visual processing. Magic Pony uses neural networks and machine learning to provide greater amounts of data for visuals.  Terms of the deal were not disclosed but two sources told TechCrunch that Twitter paid $150 million all-in for the company.  Dive Insight: Machine learning is a major focus for both Google and Facebook already. The technology is also the entire basis of IBM’s Watson, which has been put to marketing use after IBM’s purchase of The Weather Company’s digital assets last October. Now, Twitter is making moves in the space, with the possibility that this could play into their video strategy. Twitter recently rolled out a live video button to the platform after the launch of Facebook Live. …

Link to Full Article: Twitter bets on machine learning with Magic Pony acquisition

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