The Editions app launched in the US today. It was developed by AOL's mobile first team, who were tasked with creating a 30- to 40-page daily magazine based on the preferences of each iPad user.
The internet giant has teamed up with several publishers but no key advertisers are believed to be involved in the launch edition.
David Temkin, head of mobile at AOL, said: "Our goal for Editions was to take the best of the online and offline reading experiences and fuse them into a single, sleek magazine unlike anything else that exists today.
"By combining custom features with technology that learns about you as you use it, Editions delivers a magazine every day that's full of the things you care about most."
Every Edition of the daily will contain a cover, a list of top articles and a final page that features the reader's daily horoscope.
Users can choose content from topics including design, tech, business, family, health and fitness, sports, entertainment and travel.
The Flipboard app, a personalised social magazine iPad service which also allows users to click through to brand websites, launched in July 2010.
It teamed up with advertising partner Conde Nast in July this year to include content from the publisher's UK and US titles on the app.
The AOL Editions app will not be available to download in the UK until later in the year.