Twitter Inc. (TWTR) Buys Magic Pony Technology To Support Mobile Live Video

A pony is joining the flock. Twitter has acquired Magic Pony Technology, a London-based startup focused on machine learning and visual technology, Twitter CEO Jack Dorsey announced Monday. The less than 2-year-old startup has been building and training neural networks to process and improve the visualization of video. The team has created a system to improve low-resolution video and has demonstrated it for live video game streaming, MIT Technology Review reported this year. That type of video conversion technology is key for Twitter as it focuses on live video.