Twitter Scoops Up Machine Learning Firm Magic Pony Technology
Twitter co-founder and CEO Jack Dorsey announced in a blog post that the company acquired machine learning outfit Magic Pony Technology.
Twitter co-founder and CEO Jack Dorsey announced in a blog post that the company acquired machine learning outfit Magic Pony Technology.
The London-based company’s focus was on visual processing.
Dorsey did not mention terms of the deal, but two sources told TechCrunch Twitter is paying $150 million for Magic Pony Technology, which factors in retention bonuses for its staff of about 11, including co-founder Zehan Wang and co-founder and CEO Rob Bishop.
Dorsey wrote in his blog post:
Machine learning is increasingly at the core of everything we build at Twitter.
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