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APR 28, 2013 - Business Insider

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It's Official: Google Has Acquired News Stream Startup Wavii

Google has bought news summarisation service Wavii for an estimated $30m (£18m). Wavii, which was launched last year, has shut down its service so the technology can be incorporated into Google products. The Seattle-based company specialises in “natural language processing”, which programmes computers to understand how humans communicate. Wavii offered a personalised news feed to users, summarising web content related to their interests. Neither Google nor Wavii have revealed the price of the deal, but reports suggest it was about $30m. Apple had reportedly also been keen ... Read More

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