Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Amazon Acquiring Speech-to-Text Startup Yap to Take On Apple's Siri?

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now (Nasdaq: AMZN  ) has quietly acquired speech-to-text software developer Yap, a move fueling speculation that the digital retail giant plans to build a speech recognition interface to rival Apple's (Nasdaq: AAPL  ) Siri personal assistant technology.

Although Amazon snapped up Yap in September, no public announcement has been made. The acquisition was first reported Wednesday by The Atlantic, which uncovered an SEC filing that doesn't even identify Amazon by name, but instead states that Yap merged with a company called Dion Acquisition Sub that is headquartered at 410 Terry Avenue in Seattle, Wash., the address of Amazon's legal services team.

Yap's voice recognition software transcribes dialogue extending up to 10 hours. Founded in 2006 by Igor Jablakov, who previously worked on speech recognition technologies at IBM, Yap raised a $6.5 million Series A financing round in mid-2008 -- last month, the firm discontinued its Yap Voicemail application.

The Yap acquisition could help Amazon to integrate speech recognition services into its mobile shopping applications and Kindle e-reader solutions, simplifying search for products and text. Although Amazon's forthcoming Kindle Fire tablet does not include a microphone, the smartphones running its various applications do.

Apple's Siri enables iPhone 4S users to employ natural spoken language to access and perform device tasks like mobile search, messaging and contacts. The technology (acquired by Apple in April 2010) essentially applies search algorithms to translate users' verbal search queries and commands into web searches. Apple senior vice president of worldwide product marketing Phil Schiller has described Siri as an "intelligent assistant that helps you get things done just by asking."

This article originally published here. Get your mobile content industry briefing here.

Related articles:

The Motley Fool owns shares of Apple. Motley Fool newsletter services have recommended buying shares of and Apple. Motley Fool newsletter services have recommended creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1587189, ~/Articles/ArticleHandler.aspx, 10/21/2016 4:57:22 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/21/2016 4:00 PM
AMZN $818.99 Up +8.67 +1.07% CAPS Rating: ****
AAPL $116.60 Down -0.46 -0.39%
Apple CAPS Rating: ****