Twitter acquires AI startup Magic Pony for a reported $150m
by Alex Hern from Technology | The Guardian on (#1HSMY)
The social network says the London startup's technology would be used to enhance live and video offerings
Twitter has bought London-based AI startup Magic Pony Technology for a reported $150m (102m) as the company moves to strengthen its position in image-sharing, video and live video.
Founded in 2014, Magic Pony uses machine learning to build improved systems for visual processing. The company said it was excited to be joining forces with Twitter "to improve the visual experiences that are delivered across their apps".
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