Last month, Yahoo acquired a news summarisation app, Summly, for "dozens of millions" of pounds.
Besides its effectiveness in summarizing content, Summly has drawn attention for its slick design.
Tumblr is also, perhaps, a good match for Summly, the automated summarization app that Yahoo!
FORBES: Yahoo! and AOL Back On Top! Time To Party Like It's 1999!
Today the British school kid is in San Francisco and announcing pretty decent download numbers for Summly.
FORBES: Teen Developer's Summly App Hits Half A Million Downloads; Publishers Come Knocking
Also to our investors, advisers and of course the fantastic team for believing in the potential of Summly.
Seventeen-year-old Nick D'Aloisio's Summly app summarises news stories from popular media companies.
Although the Yahoo acquisition won't close until later this spring, D'Aloisio said the Summly will no longer be available.
Cahan asks for Summly users to "stay tuned" as the app gets ready to reappear as part of Yahoo!'
Within three months Summly, as the app was now called, had been downloaded 130, 000 times (all gratis to build recognition).
He will be joined by several of Summly's "top staff" in new roles at Yahoo in the next few weeks.
In a statement on the Summly website, teenager D'Aloisio paid tribute to his friends, family and users while adding that Yahoo!
Summly simplifies and boils down the content of Web pages--reference material, news items, Quora answers, you name it--to a few bullet points.
Two other Summly workers will join Yahoo at its Sunnyvale, California, headquarters.
Yahoo was attracted to Summly's core technology for automatically summarizing news articles.
The London-based company was commissioned by Mr D'Aloisio to create an Android version of the Summly app - which was days away from launch.
Yahoo said it is shutting down the Summly app, which was downloaded less than one million times, and incorporating its technology into other Yahoo services.
He redesigned the app to automatically boil news articles down to 400-word summaries and re-launched it as Summly in late 2012 with help from SRI.
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.
Moreover, Summly is not the only mobile news reader out there.
FORBES: Marissa Mayer Gives 17-Year-Old Brit a $30 Million Payday
Launched in November, the Summly app summarizes news stories down to a few hundreds words so they can be easily displayed and read on mobile devices.
FORBES: Yahoo Buys Mobile News App Summly From Teen Entrepreneur
Other investors in Summly, Mr. D'Aloisio said, include Wendi Murdoch, wife of Rupert Murdoch, the chief executive and chairman of Wall Street Journal owner News Corp.
As with its other recent acquisitions, Yahoo didn't disclose how much it is paying for Summly, although British newspapers suggested the deal's value at several million dollars.
Summly's technology will return in other Yahoo products, he said.
Not to mention newer companies such as Summly and Prismatic.
"For publishers, the Summly technology provides a new approach to drive interest in stories and reach a generation of mobile users that want information on the go, " he wrote.
This week, 17-year-old Londoner Nick D'Aloisio sold his app called Summly - which offers summaries of existing news stories published on the net - for what was reportedly millions of pounds.
Summly -- the brain child of London-based boy genius Nick D'Aloisio -- delivers automated snapshots of news stories to its users on mobile devices and formats articles for the small screen.
It also bought London startup Summly, which makes a mobile application created by a teenage entrepreneur who sought an easier way to read news stories and other content on the smaller screens of smartphones.
Also illustrating this need, SRI International, makers of Siri on Apple iOS, recently partnered with UK based startup, Summly, to create a mobile app that gives access to summarized versions of select news articles.
FORBES: Don't Have Time To Read This Article? There's An App For That
Adam Cahan, a Yahoo senior vice president, said in an interview on Monday that Mr. D'Aloisio was an "exceptional" talent and that Yahoo did "extensive" testing of Summly's algorithm, or mathematical formula, for condensing news articles.
应用推荐