16 yr. old Nick D’Alosio has the financial backing of several celebrities, including Yoko Ono, for a news summary mobile app called “Summly”. The British teen has been creating apps since he was 12, and wanted a way to better access news content on his mobile device. He got backing from a small group of investors last year, which led to more funding from Yoko, Ashton Kutcher, Mark Pincus and others.
D'Alosio has used the $1 million to hire "some serious scientists" to improve on his original algorithm, which works by selecting words from a given article to build a summary that will perfectly fit onto the screen of an iPhone--no more scrolling to read or waiting to load.