Stat of the day: 24,000

Summly, an iPhone app designed by a 16-year-old boy in his bedroom, has been downloaded 24,000 times in under a week.

by Rebecca Burn-Callander
Last Updated: 09 Oct 2013

He's the latest 'boy genius' on the technology scene. London-born Nick D'Aloisio has designed three apps to date and has just won the backing of Li Ka-shing, the 11th richest person in the world.

The Chinese businessman, nicknamed 'Superman' because of his prowess in the boardroom found out about the teenage wunderkindt after he was featured in Wired magazine. Ka-shing's investment vehicle, Horizons Ventures, is backing the further development and commercialisation of the app (the amount is as yet undisclosed).

Nick D'Aloisio's Summly app has won praise from across the tech circuit for its intuitive usability and cutting edge sifting tools. The premise is simple: Summly uses complex algorithms to summarise web content into easily-digestible bullet points and keyword listings, which you can then share. In independent tests performed by researchers at MIT, D’Aloisio’s patent-pending app performed up to 30% better than other existing algorithms.

But the teenage app inventor isn't letting his new-found fame go to his head: 'I've been called the next internet genius but I don't want to get arrogant,' he says.

Find this article useful?

Get more great articles like this in your inbox every lunchtime

35 Women Under 35 2020: Nominations open

Management Today's 35 Women Under 35 showcases the country's rising stars in business. Here's how...

Practical steps for breaking silos

Briefing: Adam Williams, former CEO of influencer marketing agency Takumi, shares what he learned about...

The Power 50: Proof that you can be a part-time CEO

Just a few years ago, executives were reluctant to admit they worked part-time for fear...

The 9 worst things a leader can say

Actions may speak louder than words, but words can still drop you in it.

Why you overvalue your own ideas

And why you shouldn't.

When spying on your staff backfires

As Barclays' recently-scrapped tracking software shows, snooping on your colleagues is never a good idea....