The development of artificial intelligence (AI) has revolutionized various facets of education, particularly the research domain. With the rapid growth of scholarly literature, the need for an efficient tool for summarization has become increasingly paramount. This study proposes a quantitative investigation into the efficiency of Scholarcy (www.scholarcy.com), an AI-powered summarizer used to aid researchers in summarizing academic literature. Thirty-five postgraduate students were involved in a survey research design. After five weeks of using Scholarcy, participants were asked to complete a survey questionnaire via their email addresses to give feedback on this tool. The results indicated a positive reception when postgraduates found this AI summarizer convenient and useful for reading academic papers. On the other hand, the participants identified several drawbacks when using it including concerns about summary quality, the absence of a mobile application, and high cost, along with suggestions for further application. With the highlights of both benefits and limitations, the study hopes to contribute valuable insights into the development of AI-powered summarization tools in the future.