Accoona launches search engine with Clinton's help
9 December 2004
Accoona, whose investors include China's state information agency, has unveiled its new web and business search system.
The Chinese government has granted Accoona a 20-year exclusive partnership with the China Daily Information Company, the government agency that runs an official Chinese and English website, giving the site data on some five million Chinese companies.
The new search engine launched jointly in the United States and in China this week.
Former president Bill Clinton helped unveil the new site, which claims its technology uses artificial intelligence to produce better results than Google. Accoona says its search engine will access webpages that may have no exact keyword matches but are still relevant to the query.
"I hope you all make lots of money," Mr Clinton told Accoona executives.
The new company's executives include chairman Eckhard Pfeiffer, the former chief executive of Compaq Corp, and Stuart Kauder, a former business development director at online advertising company DoubleClick.
"Accoona's artificial intelligence technology will elevate search engine performance to a new unprecedented level, allowing the most relevant search available today," Mr Pfeiffer said.
Accoona takes its name from the Swahili phrase, "accoona matata," roughly translated as "no worries".
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