Twitter buys machine learning specialist Magic Pony

Twitter said it has acquired Magic Pony Technology, a London-based specialist in machine learning techniques for visual processing. Magic Pony’s team will be joining Twitter Cortex, a team of engineers, data scientists, and machine learning researchers. No financial details were disclosed but according to TechCrunch, Twitter is paying USD 150 million. The amount takes into account retention bonuses for the staff, which numbers about 11, including co-founders Zehan Wang and CEO Rob Bishop. Magic Pony’s technology is based on research by the team to create algorithms that can understand the features of imagery. It will be used to enhance Twitter’s strength in live and video.

Link to Full Article: Twitter buys machine learning specialist Magic Pony

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