<article>Twitter Inc said on Monday it acquired London-based Magic Pony Technology, a machine-learning startup that specializes in working with images, to deliver better video and picture content.</article>

Twitter Inc said on Monday it acquired London-based Magic Pony Technology, a machine-learning startup that specializes in working with images, to deliver better video and picture content.
Twitter did not disclose the financial terms of the deal. Technology news website TechCrunch <a style="color: #000080;" href="http://tcrn.ch/28IW80e">cited</a> sources saying the deal was worth $150 million.
&#8220;Magic Pony&#8217;s technology &#8230; will be used to enhance our strength in live and video (imagery) and opens up a whole lot of exciting creative possibilities for Twitter,&#8221; Twitter Chief Executive Jack Dorsey wrote in a <a style="color: #000080;" href="http://bit.ly/28Jbum8">blog post</a>.
Magic Pony Technology, which has been around for 18 months, will join Cortex, Twitter&#8216;s team of engineers, data scientists, and machine learning researchers, Twitter said.
The acquisition is Twitter&#8216;s third in the machine-learning space in three years. It acquired Whetlab in 2014 and Madbits in 2015.
Twitter shares were up 2.2 percent at $16.46 in late afternoon trading on the New York Stock Exchange
Reuters

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Twitter buys machine-learning firm Magic Pony to boost image content

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Twitter buys machine-learning firm Magic Pony to boost image content

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