AI

Agolo attracts Microsoft and Google funding with AI-powered summarization tools

Comment

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.

AgoloThe AP is, of course, a huge news organization, and a fast-moving one. But its stories, while spare as a rule, are rarely concise enough to be read aloud by a virtual assistant when its user asks “what’s the big news this morning?” As a result, AP editors and writers manually put together scores or hundreds of short versions of stories every day specifically for audio consumption and other short-form contexts.

Because this isn’t a situation where creative input is necessarily required, and it must be done quickly and systematically, it’s a good fit for an AI agent trained in natural language. Even so, it isn’t as easy as it sounds, explained Agolo co-founder and CEO Sage Wohns.

“The way that we have things read to us is different from the way we read them. So the algorithm understanding that and reproducing it is important,” he said. And that’s without reckoning with the AP’s famous style guide.

“This is one of the most important points that we worked on with them,” Wohns said. “The AP has their style bible, and it’s a brick. We have a hybrid model that has algorithms pointed at each of those rules. We never want to change the language, but we can shorten the sentence.”

Agolo Listenable 1

That’s a risk with algorithmic summarizing, of course: that in “summarizing” a sentence you change its meaning. That’s incredibly important in the news, where the difference between a simple statement of fact and an egregious error can easily be in a single word or phrase. So the system is careful to preserve meaning if not necessarily the exact wording.

While the AP may not be given, as I am, to circumlocutions, it may still be beneficial to shift things a bit, though. Agolo worked closely with the news organization to figure out what’s acceptable and what’s not. A simple example would be changing something like “Statement,” said the source to The source said “Statement.” That doesn’t save any space, but you get the idea: essentially lossless compression of language.

If the AP team can trust the algorithm to produce a well-worded summary that follows their rules and only takes a quick polish by an editor, they could serve and even grow the demand for short-form content. “The goal is to enable them to create more content than was humanly possible before,” said Wohns.

The investment from and collaboration with Google falls along these lines as well, though not as laser-focused on turning news stories into sound bites.

“What we’re working on with them is making the web listenable,” said Wohns. “Right now you can ask Google a question, but it often doesn’t have an answer it can read back to you.”

It’s primarily a bid to extend the company’s Assistant product as it continues its combat with Alexa and Siri, but may also have the extremely desirable side effect of making the data Google indexes more accessible to blind users.

The scope of Google’s data (Agolo is probably now getting the full firehose of Google News, among other things) means that the AI model being used has to be lightweight and quick. Even if it takes only 10 seconds to summarize every article, that gets multiplied thousands of times in the complex workings of sorting and displaying news all over the world. So Agolo has been very focused on improving the performance of its models until they are able to turn things around very quickly and enable an essentially real-time summary service.

Agolo Research Application

This has a secondary application in large enterprises and companies with large backlogs of data like documentation and analysis. Microsoft is a good example of this: After decades of running an immense software and services empire, the number of support docs, studies, how-tos and so on are likely choking its intranet and search may or may not be effective on such a corpus.

NLP-based agents are useful for summarizing, but part of that process is, in a way, understanding the content. So the agent should be able to produce a shorter version of something, but also tell you that it’s by this person (useful for attribution); it’s about this topic; it’s from this date range; it applies to these version numbers; its main findings are these; and so on and so forth.

Not all this information is useful in all cases, of course, but it sure is if you want to digest 30 years of internal documentation and be able to search and sort it efficiently. This is what Microsoft is using it for internally, and no doubt what it intends to apply it to as part of future product offerings or partnerships. (Semantic Scholar has applied a similar approach to journals and academic papers.)

Allen Institute for AI’s Semantic Scholar adds biomedical papers to its AI-sorted corpus

It would also be helpful for, say, an investment bank analyst or other researcher, who can use Agolo’s timeline to assemble all the relevant documents in order, grouped by author or topic, with the salient information surfaced and glanceable. One pictures this as useful for Google News, as well, in browsing coverage of a specific event or developing story.

The new (undisclosed amount of) funding has Microsoft (M12 specifically) returning, with Google (Assistant Investment Group specifically) and Tensility Venture Partners joining for the first time. The cash will be used in the expected fashion of a growing startup: chasing sales and a few key hires.

“It’s about building out the go-to-market side, and the core NLP abilities of the team, specifically in New York and Cairo,” said Wohns. “Right now we’re about a 90% technical team, so we need to build out the sales side.”

Agolo’s service seems like a useful tool for many an application — anywhere you have to reduce a large amount of written content to a smaller amount. Certainly that’s common enough — but Agolo will need to prove that it can do so as non-destructively and accurately as it claims with a wide variety of data sets, and that this process contributes to the bottom line more than the time-tested method of hiring another intern or grad student to perform the drudgery.

More TechCrunch

The deck included some redacted numbers, but there was still enough data to get a good picture.

Pitch Deck Teardown: Cloudsmith’s $15M Series A deck

The company is describing the event as “a chance to demo some ChatGPT and GPT-4 updates.”

OpenAI’s ChatGPT announcement: What we know so far

Unlike ChatGPT, Claude did not become a new App Store hit.

Anthropic’s Claude sees tepid reception on iOS compared with ChatGPT’s debut

Welcome to Startups Weekly — Haje‘s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Look,…

Startups Weekly: Trouble in EV land and Peloton is circling the drain

Scarcely five months after its founding, hard tech startup Layup Parts has landed a $9 million round of financing led by Founders Fund to transform composites manufacturing. Lux Capital and Haystack…

Founders Fund leads financing of composites startup Layup Parts

AI startup Anthropic is changing its policies to allow minors to use its generative AI systems — in certain circumstances, at least.  Announced in a post on the company’s official…

Anthropic now lets kids use its AI tech — within limits

Zeekr’s market hype is noteworthy and may indicate that investors see value in the high-quality, low-price offerings of Chinese automakers.

The buzziest EV IPO of the year is a Chinese automaker

Venture capital has been hit hard by souring macroeconomic conditions over the past few years and it’s not yet clear how the market downturn affected VC fund performance. But recent…

VC fund performance is down sharply — but it may have already hit its lowest point

The person who claims to have 49 million Dell customer records told TechCrunch that he brute-forced an online company portal and scraped customer data, including physical addresses, directly from Dell’s…

Threat actor says he scraped 49M Dell customer addresses before the company found out

The social network has announced an updated version of its app that lets you offer feedback about its algorithmic feed so you can better customize it.

Bluesky now lets you personalize main Discover feed using new controls

Microsoft will launch its own mobile game store in July, the company announced at the Bloomberg Technology Summit on Thursday. Xbox president Sarah Bond shared that the company plans to…

Microsoft is launching its mobile game store in July

Smart ring maker Oura is launching two new features focused on heart health, the company announced on Friday. The first claims to help users get an idea of their cardiovascular…

Oura launches two new heart health features

Keeping up with an industry as fast-moving as AI is a tall order. So until an AI can do it for you, here’s a handy roundup of recent stories in the world…

This Week in AI: OpenAI considers allowing AI porn

Garena is quietly developing new India-themed games even though Free Fire, its biggest title, has still not made a comeback to the country.

Garena is quietly making India-themed games even as Free Fire’s relaunch remains doubtful

The U.S.’ NHTSA has opened a fourth investigation into the Fisker Ocean SUV, spurred by multiple claims of “inadvertent Automatic Emergency Braking.”

Fisker Ocean faces fourth federal safety probe

CoreWeave has formally opened an office in London that will serve as its European headquarters and home to two new data centers.

CoreWeave, a $19B AI compute provider, opens European HQ in London with plans for 2 UK data centers

The Series C funding, which brings its total raise to around $95 million, will go toward mass production of the startup’s inaugural products

AI chip startup DEEPX secures $80M Series C at a $529M valuation 

A dust-up between Evolve Bank & Trust, Mercury and Synapse has led TabaPay to abandon its acquisition plans of troubled banking-as-a-service startup Synapse.

Infighting among fintech players has caused TabaPay to ‘pull out’ from buying bankrupt Synapse

The problem is not the media, but the message.

Apple’s ‘Crush’ ad is disgusting

The Twitter for Android client was “a demo app that Google had created and gave to us,” says Particle co-founder and ex-Twitter employee Sara Beykpour.

Google built some of the first social apps for Android, including Twitter and others

WhatsApp is updating its mobile apps for a fresh and more streamlined look, while also introducing a new “darker dark mode,” the company announced on Thursday. The messaging app says…

WhatsApp’s latest update streamlines navigation and adds a ‘darker dark mode’

Plinky lets you solve the problem of saving and organizing links from anywhere with a focus on simplicity and customization.

Plinky is an app for you to collect and organize links easily

The keynote kicks off at 10 a.m. PT on Tuesday and will offer glimpses into the latest versions of Android, Wear OS and Android TV.

Google I/O 2024: How to watch

For cancer patients, medicines administered in clinical trials can help save or extend lives. But despite thousands of trials in the United States each year, only 3% to 5% of…

Triomics raises $15M Series A to automate cancer clinical trials matching

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Tap, tap.…

Tesla drives Luminar lidar sales and Motional pauses robotaxi plans

The newly announced “Public Content Policy” will now join Reddit’s existing privacy policy and content policy to guide how Reddit’s data is being accessed and used by commercial entities and…

Reddit locks down its public data in new content policy, says use now requires a contract

Eva Ho plans to step away from her position as general partner at Fika Ventures, the Los Angeles-based seed firm she co-founded in 2016. Fika told LPs of Ho’s intention…

Fika Ventures co-founder Eva Ho will step back from the firm after its current fund is deployed

In a post on Werner Vogels’ personal blog, he details Distill, an open-source app he built to transcribe and summarize conference calls.

Amazon’s CTO built a meeting-summarizing app for some reason

Paris-based Mistral AI, a startup working on open source large language models — the building block for generative AI services — has been raising money at a $6 billion valuation,…

Sources: Mistral AI raising at a $6B valuation, SoftBank ‘not in’ but DST is

You can expect plenty of AI, but probably not a lot of hardware.

Google I/O 2024: What to expect