NLP + stream processing = the meme of the week, so far (e.g., with Wavii and the extensive Flipboard/Ellerdale news yesterday)
The team was just a couple of people until just recently. Now they’re up to 5 employees. One team is working on the core NLP problems of accuracy (understanding) and performance (how long it takes to reach understanding). The old Powerset benchmarks were that it took their servers about 1 second to properly index a sentence and turn it into structured, useful information.
When the tech is done, they aren’t going to launch a new search engine like Powerset or Fuil. Instead, we hear, Wavii will automatically creates social content in real-time from news, blogs, and tweets across the web. Utilizing a proprietary piece of core Natural Language Processing (NLP) technology, Wavii is able to accurately and performantly understand prose on the web, delivering information in a Facebook-like feed that users can consume like never before.