Twitter has acquired Magic Pony for around 0m

Twitter has acquired Magic Pony for around $150m. Magic Pony is artificial intelligence startup in London. The startup was founded by graduates of Imperial College London. It uses machine learning to create high-quality videos from grainy footage. Twitter is most likely to integrate it into Twitter’s live and video services such as Periscope and Vine. This deal includes the retention bonuses for the staff. Also, including co-founders Zehan Wang and CEO Rob Bishop. “Machine learning is increasingly at the core of everything we build at Twitter,” said Jack Dorsey, Twitter CEO and co-founder, in a statement. “Magic Pony’s machine learning technology will help us build strength into our deep learning teams with world-class talent. So Twitter can continue to be the best place to see what’s happening and why it…

Link to Full Article: Twitter has acquired Magic Pony for around 0m

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