Google has closed the deal on Wavii, a natural language processing startup, for more than $30 million, the recent Techcrunch article “Google Buys Wavii For North Of $30 Million” says.
Apple and Google were competing for the startup, and Google eventually won.
The companies were in acquisition talks, a definitive agreement has now been signed after the Apple and Google bidding war.
Apple looked for the company which developed its own aggregation technology and natural summarization algorithms for its Siri division.
According to Techcrunch, one would think that Wavii would be a better fit for Google Now, as a smarter Siri alternative that was aware of important stories and news. However, Wavii’s semantic search knowledge is also a valid addition to Google Knowledge as it could further contextualize the information Google currently shows on sidebar of most searches. Their NLP and disambiguation tech could also widely be applicable across many Google platforms, including Google News and Google Glass.
This purchase comes shortly after Yahoo’s $30 million acquisition of aggregator Summly which like Wavii attempted to summarize stories.