Agolo attracts Microsoft and Google funding with AI-powered summarization tools
As the ways we consume content multiply and change, media creators are hard-pressed to adapt their methods to take advantage. Short-form audio and video news is one growing but labor-intensive niche — and Agolo aims to help automate the process, pulling in the AP as a client and Microsoft, Google and Tensility as investors.
Agolo is an AI startup focused on natural language processing; specifically, how to take a long article, like this one, and boil it down to its most important parts (assuming there are any). Summarization is the name of the process, as it is when you or I do it, and other bots and services do it, as well. Agolo’s claim is to be able to summarize quickly and accurately, producing something of a quality worthy of broadcast or official documentation. Its deal with the AP provides an interesting example of how this works, and why it isn’t as simple as picking a few representative sentences.
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