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Twitter acquires Madbits startup, able to understand the content of an image automatically

We know startup news known as Madbits purchased by Twitter, which information has been published on the website’s own startup . For now, the popular social network microblogging has not issued any statement on the matter.

Madbits is a company that over the past year has developed advanced technology to analyze and understand the information in all kinds of images. This technology would…

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Twitter Acquires Deep-Learning Image Search Startup Madbits

Twitter has acquired Madbits, a deep-learning based image search startup, for an undisclosed amount.

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Twitter continues acquisition spree with Madbits

Twitter has acquired startup Madbits, a deep-learning-based computer vision organisation that was founded by Clement Farabet and Louis-Alexandre Etezed-Heydari. They are both protégés of Yann LeCun, who is an integral part of Facebook Artificial Intelligence, the department that deals with developing machine learning code to better work with images.

Facebook, Yahoo, Dropbox, Pinterest and Google have all made efforts (some more successfully than others) in the direction of developing or acquiring computer vision companies that work in this space.

Twitter is the latest entrant in this market with its acquisition of Madbits. The details of the deal have not been made public yet. The founders of Madbits said:

“Over this past year, we’ve built visual intelligence technology that automatically understands, organises and extracts relevant information from raw media. Understanding the content of an image, whether or not there are tags associated with that image, is a complex challenge. We developed our technology based on deep learning, an approach to statistical machine learning that involves stacking simple projections to form powerful hierarchical models of a signal.

We prototyped and tested about ten different applications, and as we’ve prepared to launch publicly, we’ve decided to bring the technology to Twitter, a company that shares our ambitions and vision and will help us scale this technology.

We are excited to join the folks at Twitter to merge our efforts and see this technology grow to its full potential.”

This acquisition just highlights the potential that deep learning holds in the field of internet. For start-ups working in the domain of computer vision, it is a good example of a fruitful recognition of their efforts. The rapid change in the internet space has brought on more companies to work in advanced fields such as robotics and computer vision.

What do you think of this acquisition?

~ muzumdar

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Twitter Acquires Madbits, Gets More Users, Remains Unprofitable

San Francisco, California–Twitterhas acquired Madbits, an image search firm which employs deep learning technology. “Over this past year, we’ve built visual intelligence technology that automatically understands, organizes and extracts relevant information from raw media. Understanding the content of an image, whether or not there are tags associated with that image, is a complex challenge,” the…