Deeply nested Facebook/Twitter competition
"Twitter has acquired Madbits, a deep-learning-based computer vision startup founded by proteges of Facebook AI director Yann LeCun. It’s the latest in a spate of deep learning and computer vision acquisitions that also includes Google, Yahoo, Dropbox and Pinterest. [...]Twitter acquires deep learning startup Madbits — Tech News and Analysis
Details of the acquisition weren’t announced, but one can assume Madbits was able to demand a not-insignificant amount of money. Deep learning is such a hot technology, and good talent is so rare, that Microsoft Research director Peter Lee told Businessweek, “Last year, the cost of a top, world-class deep learning expert was about the same as a top NFL quarterback prospect.” Earlier this year, Google paid $400 million for another deep learning startup called DeepMind."