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...
Build Apps 5x Faster
For Half the Cost
Enterprise Cloud Computing

On Force.com
Apple/Mac
DDoS Protection Powered By Verisign
Average Rating:
Rate this article:  
Google Buys News Summarizer Wavii for $30 Million

Google Buys News Summarizer Wavii for $30 Million
By Barry Levine

Share
Share on Facebook Share on Twitter Share on Linkedin Share on Google Plus

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.   Apple Stock Soars Ahead of iPhone 6
2.   Popular Mailbox App Comes to Mac
3.   Apple Opens China iCloud Data Center
4.   Android Crushing Smartphone Rivals
5.   Apple Bans Toxic Factory Chemicals


advertisement
New App To Manage Time Better
Helping to organize your busy life.
Average Rating:
Apple Stock Soars Ahead of iPhone 6
New products generating lots of buzz.
Average Rating:
Popular Mailbox App Comes to Mac
Takes to-do list approach to the inbox.
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
UPS Stores in 24 States Hit by Data Breach
Big Brown has been breached. UPS said that about 105,000 customer transactions at 51 of its UPS Store locations in 24 states could have been compromised between January and August.
 
Cost of Target Data Breach: $148 Million Plus Loss of Trust
The now infamous Target data breach is still costing the company -- and its shareholders -- plenty. In fact, the retailing giant forecast the December 2013 incident cost shareholders $148 million.
 
Aruba Networks Handles Black Hat with Aplomb
It's not an easy job. Aruba Networks' task throughout the Black Hat USA conference in Las Vegas this month was to ensure thousands of attendees could connect without malicious attacks.
 

Enterprise Hardware Spotlight
Acer's New Desktop Box Rides the Chrome OS Wave
Filling out its Chrome OS line, Acer is following the introduction of a larger Chromebook line earlier this month with a new tiny $180 desktop Chromebox and also a smaller Chromebook.
 
Three New Lenovo PCs Aimed at Business Users
Businesses everywhere want computing solutions that do more for less money, and Lenovo has unveiled three new desktop PCs that offer solid computing at a budget-minded price.
 
Aruba Networks Handles Black Hat with Aplomb
It's not an easy job. Aruba Networks' task throughout the Black Hat USA conference in Las Vegas this month was to ensure thousands of attendees could connect without malicious attacks.
 

Mobile Technology Spotlight
Samsung, B&N Target Amazon with Nook Tablet
They've seen the enemy and it is Amazon. So Samsung and Barnes & Noble are teaming up to combat their common foe with a 7-inch tablet that blends Samsung’s tech, Nook’s content and e-reader platform.
 
Acer's New Desktop Box Rides the Chrome OS Wave
Filling out its Chrome OS line, Acer is following the introduction of a larger Chromebook line earlier this month with a new tiny $180 desktop Chromebox and also a smaller Chromebook.
 
Apple Stock Soars Ahead of iPhone 6 Launch
The imminent release of the iPhone 6 -- and maybe even an iWatch -- has sent Apple's stock soaring to new heights. Considering what else the firm could have up its sleeve -- the stratosphere may be the limit.
 

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 | CRM Systems | 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.