Google recently purchased a new start-up company called Wavii for a sum of over $30 million.
Wavii is a new summarisation company, and the company said after the take over that:
You probably know us best for our app that takes the deluge of information streaming across the web and condenses it into fast, fun updates. While we won’t continue to offer this particular service, we’ll be using our natural language research at Google in ways that may be useful to millions of people around the world.
To all of our loyal Wavii users, we owe you a big thanks for all of your feedback and involvement throughout this journey. We look forward to taking our technology to the next level and delighting you with what we come up with next!
The company which is based in Seattle uses natural language processing technology to put online news articles into different topics that users are interested in in whichever area. Apparently Apple was also after the technology to use with its Siri technology and this may have made Google jump first.
The company Wavii was formed in 2009 by an ex employee of Microsoft named Adrian Aoun.