Twitter (NYSE:TWTR) recently acquired Magic Pony technologies, a machine learning startup focusing on deep learning in computer vision. In my continuing coverage of the AI market, I want to briefly comment on this transaction. First, another contributor has already commented and described the company's product (without technical details). At its core, Magic Pony uses machine learning to enhance low resolution images and videos. It is quite remarkable when you think about it.

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.

Twitter today is taking another step to build up its machine learning muscle, and also potentially to improve how it delivers photos and videos across its apps: the company is acquiring Magic Pony Technology (that is really the name), a company based out of London that has developed techniques of using neural networks (systems that essentially are designed to think like human brains) and machine learning to provide expanded data for images -- used, for example, to enhance a picture or video taken on a mobile phone; or to help develop graphics for virtual reality or augmented reality applications. Terms of the deal are not being disclosed but we have two separate sources who tell us that Twitter is paying 150 million in all for the deal. This takes into account retention bonuses for the staff, which numbers about 11, including co-founders Zehan Wang and CEO Rob Bishop. "Machine learning is increasingly at the core of everything we build at Twitter," said Jack Dorsey, Twitter CEO and co-founder, in a statement. "Magic Pony's machine learning technology will help us build strength into our deep learning teams with world-class talent, so Twitter can continue to be the best place to see what's happening and why it matters, first. We value deep learning research to help make our world better, and we will keep doing our part to share our work and learnings with the community."

Twitter has spent a reported 150 million on acquiring artificial intelligence startup Magic Pony Technology, with the aim of using machine learning to improve its image and video capabilities. Twitter co-founder Jack Dorsey described the startup as a "small and mighty machine learning team" and said that deep learning was key for Twitter's goal of being the "first and best place to see what's happening in the world." In a blogpost released Monday, Dorsey also gave details of how the machine learning techniques developed by Magic Pony Technology would be used by the social media giant. "Magic Pony's team will be joining Twitter Cortex, a team of engineers, data scientists, and machine learning researchers dedicated to building a product in which people can easily find new experiences to share and participate in," Dorsey said. "Magic Pony's technology--based on research by the team to create algorithms that can understand the features of imagery--will be used to enhance our strength in live and video and opens up a whole lot of exciting creative possibilities for Twitter."

Twitter Inc. (NYSE:TWTR) stock climbed as high as 3.54% during the midday trading hours today, after the company announced to acquire Magic Pony Technology. The micro-blogging platform is trying to build its machine-learning capabilities, and to improve the way it delivers photos and videos across its apps. The deal's exact terms were not disclosed, but rumors suggest that a payment worth 150 million has been agreed upon. Magic Pony is a London-based company, which develops techniques using neural networks--systems that are designed to think like a human--and machine learning, which would collectively expand data for images. This technology can be used to enhance a picture or video, taken via mobile phones, and can help improve graphics on virtual and augmented reality (VR and AR) applications.

"Ex Machina" stars Oscar Isaac (left) and Domhnall Gleeson (right). The UK's AI scene is once again the talk of the town following the sale of Magic Pony Technology to Twitter for a reported 150 million ( 102 million). Evi was acquired by Amazon for a reported 18 million in 2013, DeepMind was bought by Google for around 400 million in 2014, VocalIQ was acquired by Apple for an unknown amount in 2015, and SwiftKey was bought by Microsoft for 175 million in 2016. The Oxbridge-London triangle is playing an important role in the creation of the UK's best AI companies, according to LocalGlobe investor Saul Klein. Oxford, Cambridge, Imperial, and UCL all have deep expertise in applied mathematics, computer science, and machine learning.

Twitter has demonstrated its commitment to artificial intelligence and machine learning by splashing a reported 150m on London-based Magic Pony Technology. The aim is to use the company's advanced technology to improve Twitter's live and video experiences. Jack Dorsey describes Magic Pony Technology as a'company that has developed novel machine learning techniques for visual processing'. Thus far this has been used to sharpen blurry images, create computer-generated images from scratch, and to learn to recognize objects. While Magic Pony Technology's AI is not exactly unique, where it stands apart from the competition is in terms of raw speed.

Twitter today is taking another step to build up its machine learning muscle, and also potentially to improve how it delivers photos and videos across its apps: the company is acquiring Magic Pony Technology (that is really the name), a company based out of London that has developed techniques of using neural networks (systems that essentially are designed to think like human brains) and machine learning to provide expanded data for images -- used, for example, to enhance a picture or video taken on a mobile phone; or to help develop graphics for virtual reality or augmented reality applications. Terms of the deal are not being disclosed but we have two separate sources who tell us that Twitter is paying 150 million in all for the deal. This takes into account retention bonuses for the staff, which numbers about 11, including co-founders Zehan Wang and CEO Rob Bishop. "Machine learning is increasingly at the core of everything we build at Twitter," said Jack Dorsey, Twitter CEO and co-founder, in a statement. "Magic Pony's machine learning technology will help us build strength into our deep learning teams with world-class talent, so Twitter can continue to be the best place to see what's happening and why it matters, first. We value deep learning research to help make our world better, and we will keep doing our part to share our work and learnings with the community."

Twitter has added another machine learning startup to its flock. London-based Magic Pony Technology was purchased by the social media network for a reported 150 million. This move will enhance Twitters's strength in video, as the startup's technology improves the quality of videos captured with low-resolution cameras by recognizing patterns and textures. Twitter has purchases London-based Magic Pony Technology for a reported 150 million. This move will enhance Twitters's strength in video, as the startup's technology improves the quality of videos captured with low-resolution cameras by recognizing patterns and textures Magic Pony Technology is a London-based startup that has been building and training neural networks to process and improve videos for just a little less than two years.

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.