Yahoo has introduced its revamped app for iPhone that incorporates Summly story summarising software, which was recently acquired for $30m from a UK teenager.

The Yahoo! App, which is initially launched in the US for use on iPhones and iPod touch devices, incorporates natural-language algorithms and machine learning from Summly to offer rapid story summaries.

yAHOO REVAMPED APP

Yahoo CEO Marissa Mayer said in a statement Summly technology has been introduced in the company’s first mobile application.

"And, with the immersive imagery of our virtually endless newsfeed, the new Yahoo! app has both great technology and beautiful design front and centre," Mayer said.

"Because searching for great content is also core to the Yahoo! experience, we’ve also improved the search experience with better video and image search."

In recent months, Yahoo has been expanding its mobile push, and recently launched the new email and weather forecast applications for tablets and smartphones through the Apple’s App Store.

In addition, Yahoo has signed a four-year cooperation agreement with Israeli translation software provider Babylon in the Internet sector as well as on mobile devices.

The agreement allows both firms to share revenues from internet advertising.

Babylon said in a statement the company’s management estimates this agreement will have a substantial contribution to the company.

"At this stage management cannot assess the amount of this contribution," the statement said.