Yahoo is planning to take over Summly,a British mobile new app. Unfortunately, it also immediately end this special news app, developed by a 17 year old. Summly summarizes news articles together to shorten. This happens automatically with language technology of the Stanford Research Institute. The computer determines which news articles are important and adds text chunks together into a short story that is cut for hasty readers.
“Today, we’re excited to share that we’re acquiring Summly, a mobile product company founded with a vision to simplify the way we get information, making it faster, easier and more concise…
…Mobile devices are shifting our daily routines, and users have changed not only what, but how much information they consume. Yet most articles and web pages were formatted for browsing with mouse clicks. The ability to skim them on a phone or a tablet can be a real challenge — we want easier ways to identify what’s important to us.
Summly solves this by delivering snapshots of stories, giving you a simple and elegant way to find the news you want, faster than ever before.”
It was not disclosed how much Yahoo paid for the acquisition. However, the company behind the app was recently looking for additional capital to further develop the service.
Yahoo would have a crush on since December Summly. The plan was to allow fresh blood to win, that Yahoo can make hip again. Earlier companies that Yahoo acquired since Marissa Mayer the stick as CEO got his hands were focused on talent, not on bringing in new technology. This will also happen with Summly: founder Nick D’Aloisio and his team will in the coming weeks to switch to Yahoo.
“I am delighted to announce Summly has signed an agreement to be acquired by Yahoo!. Our vision is to simplify how we get information and we are thrilled to continue this mission with Yahoo!’s global scale and expertise. After spending some time on campus, I discovered that Yahoo! has an inspirational goal to make people’s daily routines entertaining and meaningful, and mobile will be a central part of that vision. For us, it’s the perfect fit. “
Yet the technology behind the app is not completely lost: we will ever see again in Yahoo’s “mobile experience”. Summly started as a prototype under the name Trimmit. Billionaire Li Ka-Shing was interested in and put money into the start-up.
This was followed by investors known as actor Ashton Kutcher, Zynga CEO Mark Pincus, WordPress founder Matt Mullenweg, Airbnb CEO Brian Chesky and British actor Stephen Fry. It led to several content deals, including with Newscorp. Founder Nick D’Aloisio’s following film with Stephen Fry to see. However, Yahoo would have paid $30 million for the 18-month-old start-up.