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
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

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!