Inshorts' AI-based news summarization to generate 100,000 'shorts' per month
What's the story
India's highest rated news application Inshorts introduced Artificial Intelligence-backed algorithmic summarization on its app which will help in summarizing more than 100,000 articles per month. With this new feature called "Rapid60", Inshorts is another step closer to achieving the goal of creating a fully-automated AI system which can convert a full-length news article to a crisp, coherent 60-word "short". Here's more.
Training
'Rapid60' trained through database of articles summarized by Inshorts editors
The training set of data for "Rapid60" is the database of more than half a million articles which the editors at Inshorts have manually summarized in 60 words over the course of the last five years. As of now, the feature will generate articles in English only and the news aggregator plans to expand to vernacular languages in the future.
Words from CEO
Hopefully, we'll be able to create new benchmarks: Inshorts CEO
Azhar Iqubal, Co-founder and CEO, Inshorts, said, "We are hopeful that in the long run, we will be able to create new benchmarks in the ecosystem." Given an input article, "Rapid60" will generate shorts of 60 words, along with the headline and the card image automatically. Inshorts has the largest set of training data in the world for the AI to learn to summarize.
Quote
We had run lot of pilots to achieve accuracy: CTO
Anunay Arunav, Co-founder and CTO of Inshorts, said, "Before finalizing, we had to run a lot of pilots in order to achieve a certain level of accuracy. With the existing solution, we are sure that we have been able to remove inefficiencies from the system."
Inshorts
Inshorts has over 10 million downloads on Android, iOS
Inshorts is India's highest-rated news app, with more than 10 million downloads on Android and iOS. The app curates the most significant news items of the day across categories like national, world, politics, business, sports, technology, and entertainment. This enterprise was set up by a team of IITians, Azhar Iqubal and Anunay Arunav of IIT Delhi and Deepit Purkayastha of IIT Kharagpur in 2013.
Information
Inshorts recently became operationally profitable
Hitting a net revenue run rate of Rs. 25 crore in 2017, as compared to Rs. 3 crore in 2016, Inshorts is targeting a net revenue rate of Rs. 100 crore in FY2018, with revenue coming in through branded partnerships and sponsored content.