Twitter (TWTR) Purchases Magic Pony Technology for 0 Million

Shutterstock photo Twitter Inc. ( TWTR ) CEO and co-founder Jack Dorsey announced in a blog post Monday that the 140-character social media company has purchased Magic Pony Technology, a London-based technology company that has developed techniques of using  neural networks – systems inspired by the central nervous system of animals and are essentially designed to think like human brains to interpret functions – and machine learning to provide expanded data for images. An example of what the technology designed by Magic Pony does is to enhance a picture or video taken on a mobile phone, or to help develop graphics for virtual reality or augmented reality applications. According to a report from TechCrunch, the terms of the deal are not being disclosed, but according to two different sources, Twitter acquired Magic…

Link to Full Article: Twitter (TWTR) Purchases Magic Pony Technology for 0 Million

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