Twitter puts further investment in AI
The social platform buys Magic Pony Technology for a reported $150m.
As artificial intelligence (AI) becomes much more readily utilised by businesses, Twitter has opted to invest in this area further by acquiring machine learning startup Magic Pony Technology.
Twitter has recently made significant improvements to its social platform, and this move is expected to help further bolster its image sharing, video and live-streaming experiences.
The acquisition was confirmed by chief executive Jack Dorsey in a blog post, in which he stated that this is intended to build on other recent acquisitions, including Madbits in 2014 and Whetlab in 2015.
Speaking about the new staff members from Magic Pony Technology, which will join Twitter's Cortex division, Mr Dorsey stated: "The team includes 11 PhDs with expertise across computer vision, machine learning, high-performance computing, and computational neuroscience, who are alumni of some of the top labs in the world."