Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
Neustar, Inc.
Protect your website & network
using real-time information & analysis

www.neustar.biz
World Wide Web
Real-time info services with Neustar
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:



Download this complementary white paper, Transitioning to a New Era of Human Information, and learn how you can easily manage, understand and leverage all forms of Big Data in real time to discover new opportunities and increase revenue.


 World Wide Web
1.   Facebook Experiment Now a Debate
2.   A Thumbs-Up for NSA Internet Spying
3.   Cybercrime Ring Uncovered in Brazil
4.   Spy Case Threatens German-U.S. Ties
5.   World Cup Online: Streaming Frenzy


advertisement
Facebook Social Experiment Irks Us
Secretive test was legal, but ethical?
Average Rating:
Facebook Experiment Now a Debate
Does it signal a power imbalance?
Average Rating:
A Thumbs-Up for NSA Internet Spying
Dizzying turnabout from privacy board.
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Another Month, Another IE-Focused Patch Tuesday
Microsoft rolled out 59 vulnerabilities for Internet Explorer in June. But the IE-patching party is not over yet. Redmond published six new security bulletins on Tuesday; two, critical; three, important.
 
Russian Arrested in Hacking Case Filed in Seattle
The U.S. Secret Service has arrested a Russian man who is accused of hacking store computers to steal thousands of credit card numbers, charging him with bank fraud, identity theft and more.
 
More Than Half of Networks Not Ready for Internet of Things
Most enterprises are prepared for the IoT and see its business potential. But the reality is that there may not be enough network capacity to handle the increased demand in connected devices.
 

Enterprise Hardware Spotlight
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.
 
Gartner Sales Study Sees Tablets Up, PCs Down but Recovering
Are PCs on the comeback trail? That depends on how you define "comeback." While tablet sales remain strong, Gartner's latest study found PC shipments aren't dropping as fast as they did last year.
 
Review: Warming Up to Tablets with Keyboard Covers
If you've ever thought tablets with keyboard covers were just a poor excuse for a laptop, think again. Nokia's Lumia 2520 comes with an optional keyboard cover that just may change your mind.
 

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 | XML/RSS Feed

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.