Here's Why Twitter Is Increasing Its Focus On Machine Learning |
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June 23, 2016 |
June 2016 Bond Updates
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Recently, Twitter announced that it is acquiring Magic Pony Technology, a London based technology company that has developed machine learning techniques for visual processing. The deal was disclosed by CEO Jack Dorsey in a blog post with no reference to its size. This investment builds on other acquisitions made by the company in this space such as Madbits in 2014 and Whetlab in 2015. Twitter plans to use Magic Pony’s technology (which can understand the features of imagery) to enhance its video strength. This technology will allow the company to automatically sharpen videos and images on its platform and gain the ability to extrapolate meaningfully from one small texture to a much larger one. Machine intelligence is gaining importance as companies such as Facebook and Google are also investing heavily in this space to enhance user experience. Videos and live streaming would be critical for social media platforms in future and we believe Twitter’s strategy to invest towards improving user experience in images and videos should work to its advantage.
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View more at: http://www.forbes.com/sites/greatspeculations/2016/06/22/heres-why-twitter-is-increasing-its-focus-on-machine-learning/
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