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Stock impact report

EasyTranslate thinks augmenting LLMs with humans will give it an edge over pure AI translation services [TechCrunch]

monday.com Ltd. - Ordinary Shares (MNDY) 
Company Research Source: TechCrunch
But voice translation was long ago preceded by another market, targeted some time ago by startups: content translation. Any company with an international presence needs to have their content translated around the world, so this remains a big market. This was evidenced by the $106 million raised to date by the likes of Unbabel in Portugal (which last raised $60 million EasyTranslate , which specializes in content translation, has been around since 2010, using machine learning models to identify which freelance translators were best suited to translate specific types of content. But now it's headed in a new direction with a new, generative AI-driven platform that it calls ‘HumanAI'. “We have pivoted the whole business model from a human service-based business model towards being an AI technology provider, driving down the cost and speeding up the process,” the company's founder Frederik R. Pedersen told TechCrunch. Most translation services offer machine-translated content, with a Show less Read more
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