Twitter puts further investment in AI

Posted on: Monday 20 June 2016

The social platform buys Magic Pony Technology for a reported $150m.

Share this

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."

Related content

Guy Tytunovich

How AI is revolutionising Ad-Verification: 5 Key Trends.

AI is improving brand safety, and it going to get personal.

Learn more
Anna-Forbes

Three ways digital advertising must evolve as we adopt AI

It’s true that AI is proving itself to be a crucial tool, but there are a few things that need to change if advertisers are going to set themselves up...

Learn more

StorySign app developed to help deaf children learn to read

StorySign sees an avatar sign printed words when a smartphone is held up to a book, to help deaf children learn to read.

Learn more
AI_ads

Lexus films first ad written by AI

The new Lexus advert, Driven by Intuition, has been entirely scripted using AI to create ‘the perfect ad’

Learn more

Looking to boost your skills?

Take your pick from over 40 events, workshops and training courses across the year.