Twitter Buys Magic Pony For Reported $150m

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Twitter Buys Magic Pony For Reported $150m

Twitter today announced that it had acquired Magic Pony, a London based AI start up, which uses machine learning to create improved visual processing.

Twitter looking to enhance visual processing through machine learning

On a blog, written by Twitter’s founder and CEO, Jack Dorsey, he announced, ” Today, we’re very excited to announce that we’re expanding our capabilities in machine learning by acquiring Magic Pony Technology, a London-based technology company that has developed novel machine learning techniques for visual processing.”

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He continued, “Magic Pony’s technology – based on research by the team to create algorithms that can understand the features of imagery – will be used to enhance our strength in live and video and opens up a whole lot of exciting creative possibilities for Twitter.”

It is thought that Twitter wants to add the technology to its platform to enhance the quality of streamed video, or to be used as part of image compression. It almost sounds like “Pied Piper” from the popular HBO comedy “Silicon Valley.”

Magic Pony Technology

Magic Pony only started in 2014, but has had a rapid rise to prominence. Earlier this year they demonstrated the technology that could take an image and either restore it (they used the p