Wavii – a new personalized news stream service has been launched by some of technology’s most respected developers. It searches the net – including tweets, news stories and blogs – to offer a customized feed. It automatically creates status updates about its user’s interests.

It is offered via the web or as a smartphone app, and was created by engineers who had previously worked for Amazon and Microsoft. It is likely to compete with Facebook’s news feed, prompting speculation that it could become a takeover target.

Mark Zuckerberg’s social network made headlines on Monday when it announced it was buying 18-month-old rival Instagram for $1bn (£629m).

While Facebook’s feed is mainly based on status updates and content shared by friends, Wavii highlights what’s happening in the world at large by creating personalised news streams based on data taken from across the web.

Check out Wavii.

Source: BBC News