Twitter buys machine-learning firm Magic Pony

June 20 (Reuters) – Twitter Inc TWTR.N said on Monday it acquired London-based Magic Pony Technology, a machine-learning startup that specializes in working with images, to deliver better video and picture content.Twitter did not disclose the financial terms of the deal. Technology news website TechCrunch cited sources saying the deal was worth $150 million. (”Magic Pony’s technology … will be used to enhance our strength in live and video (imagery) and opens up a whole lot of exciting creative possibilities for Twitter,” Twitter Chief Executive Jack Dorsey wrote in a blog post. ( Magic Pony Technology, which has been around for 18 months, will join Cortex, Twitter’s team of engineers, data scientists, and machine learning researchers, Twitter said.The acquisition is Twitter’s third in the machine-learning space in three years. It…

Link to Full Article: Twitter buys machine-learning firm Magic Pony

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