Twitter Inc. said it acquired London-based Magic Pony Technology, a machine-learning startup that specializes in working with images, to deliver better video and picture content.
Twitter did not disclose the financial terms of the deal. Technology news website TechCrunch cited sources saying the deal was worth $150 million.
“Magic Pony’s technology ... will be used to enhance our strength in live and video (imagery) and opens up a whole lot of exciting creative possibilities for Twitter,” Twitter CEO Jack Dorsey wrote in a blog post.
Source: Arab News