Yahoo to procure Summly iPhone information app
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 crew will within the coming weeks to modify to Yahoo.
“I’m delighted to announce Summly has signed an settlement to be obtained through Yahoo!. Our imaginative and prescient is to simplify how we get data and we’re overjoyed to proceed this mission with Yahoo!’s world scale and experience. After spending a while on campus, I found out that Yahoo! has an inspirational purpose to make individuals’s day by day routines exciting and significant, and cell can be a principal a part of that imaginative and prescient. For us, it’s the very best match. “
But the expertise in the back of the app shouldn’t be utterly misplaced: we can ever see once more in Yahoo’s “cellular expertise”. Summly began as a prototype underneath the title Trimmit. Billionaire Li Ka-Shing used to be excited about and put cash into the beginning-up.
This used to be adopted with the aid of buyers referred to as actor Ashton Kutcher, Zynga CEO Mark Pincus, WordPress founder Matt Mullenweg, Airbnb CEO Brian Chesky and British actor Stephen Fry. It resulted in a few content material offers, together with with Newscorp. Founder Nick D’Aloisio’s following movie with Stephen Fry to peer. On the other hand, Yahoo would have paid $30 million for the 18-month-previous begin-up.