Autonomy launched its service of a joint venture with China Netcom Broadband (CNCBB), one of China’s largest Internet companies, in an effort to upstage Google and Yahoo. This joint venture allows the Chinese to search the Internet for news and video clips from 25 local and national TV companies. Autonomy currently powers Blinkx, a search service in the UK that allows Internet users to look for video clips from BBC, Fox News, CNN, Reuters and others. Autonomy uses voice recognition and automatically catalogues every spoken word in hundreds of thousands of hours of footage to index the video clips. This process appears to be faster and more accurate than manually cataloging and tagging them like Google and Yahoo. With video content increasing at an unmanageable rate, this deal will likely be watched very closely.
Sources: Yahoo Finance | Financial Times
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