The language industry’s definitive monthly news and data briefing featuring key M&A transactions and fundings, financial results, key hires, company KPIs, product launches, social media highlights.
Among the dozens of AI writing tools built on GPT-3 and launched over the past year, Jasper takes the funding crown as it pockets USD 125m in a unicorn-making series A.
California-based media services company Blu Digital Group expands further into media localization, acquiring London localization company Haymillian.
In a court-ordered sale, TransPerfect acquires French media localization provider, Hiventy; aims to accelerate media localization growth.
Share price falls after release of trading update; expecting disappointing full-year 2022 revenue and EBITDA results.
The language industry’s definitive monthly news and data briefing. Features key M&A transactions and fundings, financial results, key hires, company KPIs, product launches, social media highlights.
Open-source AI model Whisper uses multilingual, diverse datasets, and weak supervision to build an ASR system that can transcribe and translate.
Genoveva Ruiz Calavera shares key challenges and strategies in delivering interpretation in more than 24 languages for the European Commission.
Increased foreign investment, revamped visa laws, and new audiovisual production and training facilities make Spain fertile ground for media localization providers.
Netflix shares what it takes to become an approved audio localization provider for its original series and films under the NP3 program.
European Union to inject EUR 18m directly into video games industry as new European Commission financial tool aims to stimulate VC investment.
Swiss SaaS platform, Neur.on, designed for localization users, buyers in legal and finance sectors, announces USD 1.6m investment round.
UiPath acquires AI startup Re:infer, adding communications mining expertise to robotic process automation capabilities.
Asana’s Chi-Wei Chang and Qualtrics’ Giulia Tarditi discuss data-driven SaaS localization strategies.
Appen reports H1 2022 revenues to be down 7% and EBITDA down 69% versus the comparable period last year. CEO of data-for-AI provider blames sector slowdown rather than competition.
Medical interpreting just got a boost in Australia. New guidelines from Department of Health pave way for general practitioners to increase their use of healthcare interpreters.
STAR7 continues strategic M&A, buys Italian language service provider, Vertere, in USD 0.8m deal after last year’s IPO in Milan.
Speech-to-text company Speechmatics raises USD 62m; declines “frothy” valuation; aims for GBP 100m in annual recurring revenues.
Slator Language Industry Job Index (LIJI) climbs 1.5 points in July 2022 as hiring activity in translation, localization, and interpreting continues.
Gaming services provider Keywords reveals new operational structure, showcases expert-in-the-loop solution, and moves heavily into media localization.
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