Google Inc (GOOG): What’s So Interesting About Wavii?

Page 1 of 2

Google Inc (NASDAQ:GOOG)Innovation, evolution and change are three of the major factors that drive the tech industry. In order to survive in the era of cutthroat competition, appease customers and keep the shareholders happy, every tech company has to constantly upgrade their line of products and quality of services. Innovation is what keeps giants like Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG) at the top. Right from their inception, these two companies have been innovating, each giving the world something more than they ever expected. Innovation has been in the culture of Google Inc (NASDAQ:GOOG). Google Inc (NASDAQ:GOOG) employees spend around 20% of their time at Googleplex, working on projects of their choice and interest.

But thriving on innovation alone is not possible. The behemoths of the tech industry like Google Inc (NASDAQ:GOOG) and Apple also give a lot of importance to acquisitions. For instance, Google Inc (NASDAQ:GOOG) had been involved with Apple Inc. (NASDAQ:AAPL) in a bidding war to buy a Seattle based start-up called Wavii, a natural language processing company. Google Inc (NASDAQ:GOOG) won the game and bagged the prize. TechCrunch cites a “legitimate source” as saying that Google has acquired Wavii for a price of more than $30 million.

Other companies like Yahoo! Inc. (NASDAQ:YHOO) are interested in similar acquisitions. Recently Yahoo! acquired Summly, a company providing natural language processing technology that reads news articles, attempts to understand it like humans do, and then summarize it. Yahoo! Inc. (NASDAQ:YHOO) lost its charm in the tech industry long ago and is now making an attempt to get it back. Marissa Mayer, the CEO of Yahoo! has many plans for the future. One of her strategies is to broaden and strengthen Yahoo!’s expertise in the smartphone market. With this in mind Yahoo! has launched a new mobile app based on Summly for the iPhone and Android phones. News aggregator apps are good at grabbing eyeballs, and that is exactly what Yahoo! Inc. (NASDAQ:YHOO) needs at the moment. This can also be considered to an attempt by Yahoo! to showcase that the company has not lost its coolness factor. It is too early to say how much this acquisition would benefit Yahoo! We would wait and watch to see if this is indeed a good deal.

So what is so interesting about Wavii?

Wavii, like Facebook Inc (NASDAQ:FB), generates personalized News Feeds of what’s happening around the world. It uses natural language processing and provides its users with personalized contents. Initially Wavii would provide its users with a few topics from which the users can decide what to follow and what not to. Later on, with time, based on the users likes and feedback new topics would be suggested.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!