Home / Trending / Twitter acquired Magic Pony Technology for $150 million

Twitter acquired Magic Pony Technology for $150 million

Twitter has bought Magic Pony Technology a London based AI startup for $150 million, this move will help the company to strengthen its position in video, live video and image-sharing.

Magic Pony was founded in 2014 by Rob Bishop and Zehan Wang. It uses machine learning to build its improvised systems for visual processing. It’s technology is based on a research to create algorithms which can understand features of imagery.

Team of Magic Pony includes scientists with expertise across machine learning, computer vision, computational neuroscience and high-performance computing. The team will join Twitter Cortex, team of data scientists, machine learning researchers and engineers. Madbits and Whetlab are other machine learning acquisitions of Twitter.

Rob Bishop, Magic Pony’s CEO and co-founder, said

“Joining forces with Twitter gives us the opportunity to bring the benefits of that research to hundreds of millions of people around the world, and allows Magic Pony to contribute to better quality viewing experiences on Twitter. Machine learning is increasingly at the core of everything we build at Twitter. It’s powering much of the work we’re doing to make it easier to create, share, and discover the very best content so that every time you open Twitter you’re immersed in the most relevant news, stories, and events.”

Rob Bishop will be working out of Twitter’s headquarters in San Francisco, and Zehan Wang and the team will join the London office.

Jack Dorsey Twitter’s chief executive, said

“Magic Pony’s technology would be used to enhance live and video offerings and opens up a whole lot of exciting creative possibilities for Twitter. 11 PhDs with expertise across computer vision, machine learning, high-performance computing and computational neuroscience.”

Magic Pony demonstrated its technology by showing a system which could restore a realistic face from the pixilated visage of main character of Doom, & other can automatically generate a brick & plaster wall from a small image.

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