Twitter agrees to buy artificial intelligence firm

Twitter has agreed to acquire a London-based artificial intelligence startup to make tweeted live videos look more professional.  In a blog post, Twitter chief executive Jack Dorsey said he was buying Magic Pony Technology “so Twitter can continue to be the best place to see what’s happening and why it matters, first.” Seeking to shore up slowing growth, the social media company has recently months begun emphasising video on its site. Magic Pony uses machine learning, a way of teaching software to perform tasks without explicit programming instructions based on pattern recognition, a technology that’s “increasingly at the core of everything we build at Twitter,” Dorsey said. Twitter paid about $150m (€132.5m) for Magic Pony, according to a person familiar with the matter. The terms of the deal, which were…

Link to Full Article: Twitter agrees to buy artificial intelligence firm

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!