Twitter buys machine-learning technology company Magic Pony

Twitter Inc. TWTR, +1.83% said Monday that it bought U.K.-based Magic Pony Technology, which develops machine learning and visual processing technology, for an undisclosed amount. The deal follows Twitter’s previous acquisitions into the machine-learning space, starting with Madbits in July 2014 and Whetlab in June 2015. “Machine learning is increasingly at the core of everything we build at Twitter,” said Twitter Chief Executive Jack Dorsey. Twitter’s stock, which rose 1.6% in morning trade Monday, has tumbled 30% year to date, while the S&P 500 has gained 2.6%.

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

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