Twitter Buys Another Machine Learning Startup

Machine learning continues to make inroads among hyper-scalers who are increasingly using it to train rather then program algorithms. As if the technology needed any more promotion, Twitter announced its acquisition of a London-based company that has developed machine-learning techniques for visual processing. According to reports, Twitter (NYSE: TWTR) paid about 150 million for AI startup Magic Pony Technology. Other details of the deal announced Monday (June 20) were not disclosed. The social media company's stock rose on news of the transaction.