Yahoo Buys Itself a Christmas Present

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Yahoo (NASDAQ:YHOO) Labs announced in a blog post today that Yahoo has acquired natural language processing company SkyPhrase. SkyPhrase uses artificial intelligence in an attempt to speed up the process and create a more well-rounded method for teaching machines how to understand human speech.

“In Yahoo, we have found a company that not only shares our vision, but delivers a rich collection of information and services to a massive user base. We are excited to join Yahoo Labs to continue to work on our shared vision of making computers deeply understand people’s natural language and intentions. We can’t wait to take things to the next level together,” SkyPhrase said in the announcement on its site.

SkyPhrase was particularly appealing to Yahoo because of the company’s focus on fantasy sports. SkyPhrase has tested its language learning tech with an app for fantasy football fans that allows users to quickly and easily search for relevant stats, choose players, and even set up alerts, according to a report on the company from Tech Crunch.

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