R&D Organization to Focus on
Developing New Technologies in Search and Other Core Yahoo! Businesses
SUNNYVALE, Calif.–(BUSINESS WIRE)–Jan. 19, 2004–Yahoo! Inc. (Nasdaq:YHOO),
a leading global Internet company, has announced the formation of Yahoo!
Research Labs (http://labs.yahoo.com), a research organization focused on
inventing new technologies and solutions relevant to strategic Yahoo!
The group will pursue a portfolio of topics that include pay
for performance search, web search, vertical businesses and platform
technologies. The organization will be led by Yahoo!’s Head and Principal
Scientist Dr. Gary William Flake, former chief science officer of Overture and
founder of Overture Research.
Yahoo! Research Labs engineers and
scientists will work collaboratively with Yahoo! business, product and
technology teams to stimulate and synthesize new ideas that will serve Yahoo!’s
partners, advertisers and consumers. Core research areas include machine
learning, statistical data mining and efficient algorithms.
“As the most
visited destination on the Web, Yahoo! has always focused on using technology
and science to advance the use of the Internet in daily lives and to continually
improve the user experience,” said Farzad Nazem, executive vice president and
chief technology officer, Yahoo!. “As we move to the next phase of the Internet,
we are excited to establish Yahoo! Research Labs, dedicated to inventive
computer science solutions that will help make the Internet experience more
efficient, productive, individualized, and even more entertaining. Whether
developing new algorithms or employing existing technologies in new ways, Yahoo!
Research Labs will partner with Yahoo!’s global technology resources to
accelerate our ability to both improve the quality of our existing network and
introduce entirely new online products.”
“Our mission is to help Yahoo!
pioneer the next wave of the online world through innovation, invention and
scientific contribution,” said Dr. Flake. “By partnering with technology
resources both inside and outside of Yahoo!, we aim to cultivate knowledge and
expertise, solve fundamental technology problems and translate theory into
practice to help maximize the social and economic potential of the Internet for
consumers and businesses.”
Yahoo! Research Labs staff will focus on
long-term strategic projects and fundamental research, technology evaluation and
transfer, and short-term projects that allow Yahoo! to redeploy technology
pieces to add immediate value to the business. The group will also continue
Overture Research’s tradition of academic collaboration and scientific
contribution through publication, academic workshops and conferences, and
participating in the larger research community. It will continue to engage
academic partners to evaluate and capitalize on emerging trends in university
Dr. Flake joined Yahoo! with the acquisition of Overture in
2003. Prior to joining Overture, he was a research scientist at NEC Research
Institute and the leader of its web data-mining program. Flake, who earned his
Ph.D. in computer science from the University of Maryland, College Park, wrote
the award-winning textbook The Computational Beauty of Nature.
Yahoo! Inc. is a leading provider
of comprehensive online products and services to consumers and businesses
worldwide. Yahoo! is the No. 1 Internet brand globally and the most trafficked
Internet destination worldwide. Headquartered in Sunnyvale, Calif., Yahoo!’s
global network includes 25 world properties and is available in 13 languages.
Yahoo! and the Yahoo! logo are registered trademarks of Yahoo! Inc. All
other names are trademarks and/or registered trademarks of their respective