Twitter acquires U.K. tech firm Magic Pony

Twitter has acquired Magic Pony, a London-based firm that has developed technology to improve video shot on smartphones and shared online. The company specializes in machine learning, the ability of computers to use built-in artificial intelligence to improve output. In the case of Magic Leap, that involves improved processing of video so that clips and live feeds look better shared on Twitter. Magic Pony had developed "novel machine learning techniques for visual processing," said Twitter CEO Jack Dorsey in a Twitter blog post announcing the acquisition Monday. "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 for you."