On Monday, Twitter announced the acquisition of an 18-month-old, machine-learning startup with a name befitting its youth: Magic Pony Technology. The British-based startup has developed technology to boost video and photo quality through machine learning – the science of getting computers to act by responding to new data, without being explicitly programmed. Twitter co-founder and chief executive officer Jack Dorsey billed the move to acquire Magic Pony as an investment to support Twitter's efforts to expand its live and streaming video services. Right now, Twitter uses machine learning to curate content in order to expose users to information that would most interest them. "Machine learning is increasingly at the core of everything we build at Twitter," said Mr. Dorsey in a press release.
Think about what it's like to work at a company that makes'em. Inside a beautiful, unassuming office building is EA Tiburon's own Magic Kingdom of sorts. Call it the Disney World of office culture. This is not your ordinary conference room. Shown is a giant ball pit, big screen TVs and a motivational quote wall in the EA Tiburon building in Orlando.
Twitter Inc. agreed to acquire a London-based artificial intelligence startup to make tweeted live videos look more professional. In a blog post Monday, Twitter Chief Executive Officer Jack Dorsey said he was buying Magic Pony Technology "so Twitter can continue to be the best place to see what's happening and why it matters, first." Seeking to shore up slowing growth, the social media company has in recent months begun emphasizing video on its site. Magic Pony uses machine learning, a way of teaching software to perform tasks without explicit programming instructions based on pattern recognition, a technology that's "increasingly at the core of everything we build at Twitter," Dorsey said. Twitter paid about 150 million for Magic Pony, according to a person familiar with the matter.
If you close your eyes and imagine a brick wall, you can probably come up with a pretty good mental image. After seeing many such walls, your brain knows what one should look like. A startup in the U.K. is using machine learning to enable computers and smartphones to model visual information in a similar way. A computer could use these visual models for various tasks, from improving video streaming to automatically generating elements of a realistic virtual world. Magic Pony Technology, created by graduates of Imperial College London with expertise in statistics, computer vision, and neuroscience, trains large neural networks to process visual information.
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.