Sources Contact Advanced Search Tutorials

An Interest In:

Web News this Week

Search Archive

Some of Our Sources

View All Sources

Help Webnuz

Referal links:

June 20, 2016 10:00 pm

Twitter Pays $150 Million For Magic Pony Technology

An anonymous reader writes: Following news that Twitter would invest around $70 million in music streaming service SoundCloud, the company is reportedly acquiring Magic Pony Technology, a company out of London that has developed technologies of using neural networks and machine learning to provide expanded data for images. For example, they can be used to enhance a picture or video taken on a mobile phone or to help develop graphics for virtual reality or augmented reality applications. "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 hep 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 to help make our world better, and we will keep doing our part to share our work and learnings with the community." "[Magic Pony Technology] made a few further waves this year, as it further revealed the way that its technology worked to help enhance visuals with information that may not be in the picture itself, but essentially be created from composites of similar pictures, much like how the human eye works," writes TechCrunch. The company has remained under the radar for the most part. They have filed a number of patents -- around 20, which now belong to Twitter.

Slashdot

Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..

More About this Source Visit Slashdot