Making its move in the space of machine learning, Twitter has acquired a London-based startup Magic Pony Technology for an undisclosed sum.
With a little over 300 million users, Twitter has made quite a few investments in the field of machine learning earlier.
Our acquisition of Magic Pony builds on other investments we’ve made in machine learning, beginning with the acquisitions of Madbits in July 2014 and Whetlab in June 2015. Magic Pony’s team will be joining Twitter Cortex, a team of engineers, data scientists, and machine learning researchers dedicated to building a product in which people can easily find new experiences to share and participate in.
Magic Pony’s technology will be “used to enhance our strength in live video and opens up a whole lot of exciting creative
possibilities for Twitter.”
Dorsey said the company was continuing to build strength into deep learning teams with world-class talent to help Twitter be the
best place to see what is happening and why it matters.
While Twitter is on an investment spree, media reports have hinted that Google is keen on acquiring Twitter in the foreseeable future.
(With agency inputs)