News summariser expected to help develop Knowledge Graph
Google has reportedly parted with around $30 million to secure news-summarising start up Wavii, with the link up expected to mean further development for the Knowledge Graph facility.
Wavii has generated plenty of interest with its service, that takes up to 1,000 articles a minute and condenses them into a manageable news feed based on the user's preferences.
The company was set up by former Microsoft employee Andrew Aoun, and has accumulated $2 million in funding from prominent figures such as PayPal co-founder Max Levchin. As a result of its acquisition by Google, Wavii will now cease to provide this service and relocate most of its staff to Google HQ in California.
It is expected that Google will seek to harness the natural language processing capabilities of Wavii to help improve the Knowledge Graph, which provides further information on searched topics down the right hand column of SERPs.
Wavii's service was also heavily integrated with Facebook, which of course is a main rival of Google+.
Google responding to Yahoo's Summly move
Google has been linked with a number of new purchases of late, with a rumour linking them to mobile messaging service WhatsApp eventually coming to nothing. However, on this occasion it wasted little time in tying up the deal, particularly when rumours began to circulate that Apple might be interested.
It also follows hot on the heels of Yahoo's recent project with a similar news aggregating service, Summly, which was bought for a rumoured $30 million from 18-year-old Londoner Nick D'Aloisio. This has recently been integrated into Yahoo's iPhone app.
Google has been looking for a new method of providing news to its users since announcing in March that its Google Reader facility would be discontinued. Reader will shut down permanently in July, and Yahoo appears keen to try and tempt some of its users away with its latest offering.
Daniel Nolan, managing director at theEword, said: "With more and more emphasis being placed on the ways in which users consume news content, it's clear that both Google and Yahoo are putting a lot of effort into providing the best service. As we have seen, this creates an exciting environment for developers, who will be hoping their product is the next to be noticed by the big search engines."