Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
Apple/Mac
24/7/365 Network Uptime!
Average Rating:
Rate this article:  
Google Buys News Summarizer Wavii for $30 Million
Google Buys News Summarizer Wavii for $30 Million

By Barry Levine
April 24, 2013 2:06PM

    Bookmark and Share
Wavii's technology offers the ability to summarize stories, not unlike news aggregator Summly, which Yahoo recently bought for $30 million. On its Web site, Wavii describes its product as allowing a user to "keep up with everything you care about in a personalized news feed." Wavii automatically creates status updates for specific subjects.
 



Google is making an even bigger bet on semantic searching, where a search engine understands meaning and context. This week, the technology giant acquired personalized news feed start-up Wavii for a reported $30 million, which follows by a few weeks Yahoo's purchase of a similar start-up for the same price.

According to news reports, Google had been bidding against Apple for the company. Based in Seattle, the company has a couple of dozen employees and will be relocating to become part of Google's Knowledge Graph division at the company's headquarters in Mountain View, Calif.

'Make Facebook Out of Google'

Knowledge Graph is a Google project that is attempting to take another step toward efficient semantic searching by mapping various contexts for hundreds of millions of terms, many of which have multiple meanings that are usually understood by humans in conversation or communications but not as easily by search engines. Knowledge Graph is being rolled out in certain markets, and expects to build its knowledge base with feedback from search engine users on the desired meaning of given terms, such as which "chips" you're looking for.

Wavii's technology offers the ability to summarize stories, not unlike news aggregator Summly, which Yahoo recently bought for $30 million.

On its Web site, Wavii describes its product as allowing a user to "keep up with everything you care about in a personalized news feed." It automatically creates status updates for specific subjects, such as politicians, celebrities or gadgets, and posts the latest news, including a new app release or a political victory.

The company said it wanted to present news of the world in the same fashion that Facebook presents a news feed updating the status of friends. In other words, it said, its intention was to "make Facebook out of Google."

'Named Entity'

Facebook's status-updating news feed draws on literally hundreds of millions of unpaid workers who are manually entering updates -- that is, the social site's members. On the other hand, Wavii said it had to create software that taught computers to "read everything that is reported or shared" on the Net and to "automatically produce interesting social content about it," based on natural language research.

For instance, the company said its system intelligence has been designed to figure out which "named entity" a user wants to follow, such as the difference between George W. Bush and Bush, the band. To do that, it utilizes machine learning, where, instead of humans creating rules, a machine-learning algorithm is fed hand-labeled examples from which to learn the rules.

Yahoo received a great deal of attention for its purchase last month of Summly, which was headed by a 17-year-old in London. Summly and Wavii were seen as competitors, and both Yahoo and Google maintain heavily followed news sites.
 

Tell Us What You Think
Comment:

Name:



Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.


 Apple/Mac
1.   Mac OS Yosemite Beta 4 Released
2.   Apple Smart Watch Patent Surfaces
3.   iPhone 6: Bad for Apple Tablet Sales?
4.   Longtime Apple Director Steps Down
5.   Business Impact of IBM-Apple Deal


advertisement
Apple Digital Book Settlement Set
But company still appealing decision.
Average Rating:
Mac OS Yosemite Beta 4 Released
Public preview could be coming soon.
Average Rating:
iPhone 6: Bad for Apple Tablet Sales?
Most likely, it will be a huge hit.
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
34 European Banks Hit by Android-Skirting Malware
Criminals have been finding gaping holes in Android-based two-factor authentication systems that banks around the world are using. The result: 34 banks in four European countries have been hit.
 
New Web Tracking Technologies Defeat Privacy Protections
Recently developed Web tracking tools are able to circumvent even the best privacy defenses, according to a new study by researchers at Princeton and the University of Leuven in Belgium.
 
Juniper DDoS Solution Aims at High-IQ Networks
In the face of more complex attacks, Juniper Networks is boosting its DDoS Secure solution to help companies mitigate the threats with more effective security intelligence throughout the network fabric.
 

Enterprise Hardware Spotlight
Contrary to Report, Lenovo's Staying in Small Windows Tablets
Device maker Lenovo has clarified a report that indicated it is getting out of the small Windows tablet business -- as in the ThinkPad 8 and the 8-inch Miix 2. But the firm said it is not exiting that market.
 
Seagate Unveils Networked Drives for Small Businesses
Seagate is out with five new networked attached storage products aimed at small businesses. The drives are for companies with up to 50 workers, and range in capacity from two to 20 terabytes.
 
Another Day, Another Internet of Things Consortium Is Born
In the emerging Internet of Things, zillions of devices will be talking to each other. Samsung, Intel and Dell just formed a consortium to ensure each thing can understand what others are saying.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | Small Business | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.