Twitter acquires AI startup Magic Pony for a reported 150m

Twitter has bought London-based AI startup Magic Pony Technology for a reported 150m ( 102m) as the company moves to strengthen its position in image-sharing, video and live video. Founded in 2014, Magic Pony uses machine learning to build improved systems for visual processing. The company said it was excited to be joining forces with Twitter "to improve the visual experiences that are delivered across their apps". Twitter's chief executive, Jack Dorsey, 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". Dorsey said the team included "11 PhDs with expertise across computer vision, machine learning, high-performance computing and computational neuroscience".