Twitter Inc (TWTR) Purchases Magic Pony Technologies For 0 Million

Twitter Inc (NYSE:TWTR) has made yet another move to add more machine learning capabilities in its arsenal, as the microblogging service announced today that it has decided to acquire Magic Pony Technologies. While the name may sound a bit unorthodox, Magic Pony Technologies is a London based company that specializes in developing new techniques of using neural networks and machine learning. The company’s main focus is to use such techniques to increase data image. Last year, Twitter acquired machine learning app, Whetlab. To put it more simply, the company develops technologically advanced solutions to enhance images and video captured on mobile and also to create graphics in virtual and augmented reality applications. The transaction amount reportedly takes into account retention bonus for 11 staff members, including co-founders Zehan Wang and CEO Rob Bishop. “Machine learning is…

Link to Full Article: Twitter Inc (TWTR) Purchases Magic Pony Technologies For 0 Million

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