Twitter buys artificial intelligence startup
Short messaging service Twitter has bought US artificial intelligence start-up Whetlab. Massachusetts-based Whetlab announced the acquisition on its website and via Twitter on Wednesday (local time).
The start-up did not disclose the purchase price. Twitter did not comment on its plans with Whetlab. Presumably, Twitter will use the start-up's know-how in the future to better understand its members and use artificial intelligence to determine which content on Twitter and which advertisements are particularly relevant for individual users. Twitter says it has around 300 million members worldwide. Since its founding, the network has yet to turn a profit. From January to March, the company posted a loss of $162.4 million. The turnover remained with 436 million dollar in this period behind the self-set goals. Twitter also had to lower its forecast for annual revenue. Last week, Twitter CEO Dick Costolo announced his resignation effective July 1. Twitter co-founder Jack Dorsey is taking over the post on an interim basis until a new boss is found. (SDA)
We're very excited to announce that we're joining forces with @twitter! https://t.co/iZN19dFLY7
- Whetlab (@whetlab) June 17, 2015
