Monday June 20, 2016

Twitter Increasing Its Investment In Machine Learning

I have no idea why Twitter keeps buying all these machine learning start-ups. You have to wonder how or why a company that has never posted a profit and lost more that $2 billion since 2011 continues to buy other companies. If someone has some insight into this strategy, I'd like to hear it.

Today, we’re very excited to announce that we’re expanding our capabilities in machine learning by acquiring Magic Pony Technology, a London-based technology company that has developed novel machine learning techniques for visual processing. Our acquisition of Magic Pony builds on other investments we’ve made in machine learning, beginning with the acquisitions of Madbits in July 2014 and Whetlab in June 2015. Magic Pony’s team will be joining Twitter Cortex, a team of engineers, data scientists, and machine learning researchers dedicated to building a product in which people can easily find new experiences to share and participate in.