Wavii

"Wavii set out to solve this by making a similar feed that covers every topic in the news you might want to follow… or as we sometimes describe it, to make Facebook out of Google," it adds.

It can process up to 1,000 articles per minute and then summarize the most important bits to the user via a personalized news feed.

"We do it by teaching computers to read everything that is reported or shared on the internet, and automatically produce interesting social content about it," it says on its site.  According to some analysts, the technology could be used by Google to improve search results for news stories.

Google has finally closed the deal on Wavii---news summarization start-up, Seattle-based Wavii uses natural language processing technology to distil online news into topics the users most care about, whether it be politics, celebrity gossip or gadgets.a natural language processing startup, Wavvii was founded by former Microsoft employee Adrian Aoun in 2009 and has raised around $2 million in seed funding so far.for a price that is more than $30 million, we’re hearing from a legitimate source. Wavii was created by engineers who previously worked for Amazon and Microsoft and offers services via the web or as a smartphone app.The buy comes shortly after Yahoo’s $30 million acquisition of aggregator Summly (A south London schoolboy has become one of the world’s youngest tech millionaires after selling his mobile app to Yahoo!.) , which, like Wavii, attempted to summarize stories.

At the time of acquisition, Wavii had raised $2 million in seed funding from Max Levchin, CrunchFund, SV Angel, Felicis Ventures, Mitch Kapor, Fritz Lanman, Max Ventilla, Shawn Fanning, Rick Marini and Dave Morin.

The Seattle-based company specialises in “natural language processing”, which programmes computers to understand how humans communicate. Wavii's investors included PayPal co-founder Max Levchin, former Facebook executive Dave Morin, and Fritz Lanman, a former dealmaker at Microsoft Corp.

Wavii was created by engineers who previously worked for Amazon and Microsoft and offers services via the web or as a smartphone app. It is closely integrated with Facebook. That may change since the social network competes against Google+.

Find out about Wavii!