Language Industry Data and News Briefing February 2023
Language industry’s definitive monthly news and data briefing; key M&A and funding, financial results, hires, company KPIs, product launches, social media highlights.
Language Industry News
Your source for day-to-day coverage of news, analysis, and research for the global translation, localization, and language technology industry.
No Raise in 17 Years — Massachusetts Court Interpreters Plan February 2023 Walkout
With the cost of living rising fast, court interpreters say barely livable per diem rates are driving professionals to leave the field. New rates expected to be announced by March 2023.
How Good Is ChatGPT at Translation?
Highlights from Slator’s 2022 M&A and Funding Report; ChatGPT translation capabilities, Paris 2024 looks for RSI platform, and Netflix’s multilingual mystery, 1899.
Slator Language Industry Buyer Tracker for February 2023
In the February 2023 edition of our buyer tracker, we provide Slator subscribers with a selection of some of the most important changes among buy-side decision-makers.
Mastering the Art of Transcreation With Craft’s Tanya Bogin
Craft London Managing Director, Tanya Bogin, on localizing global campaigns, improving workflow automation, and cultivating transcreation specialists.
Slator 2022 Language Industry M&A and Funding Report
44-pages on 2022 translation and localization industry acquisitions and translation startup investments, with valuations, deal rationale.
EasyTranslate Raises EUR 3m to Scale ChatGPT Content Generation Tool
Danish language software provider, EasyTranslate, has raised more than EUR 3m to build a ChatGPT-based content generation tool integrated into the translation workflow.
Revisiting Controlled Language for Better Machine Translation Quality
Researchers revisit controlled language as a means of improving MT quality. A new methodology based on stylistic quality is said to eliminate repeated fine tuning.
WIPO Is Hiring Translation Studies Graduates for USD 5k per Month Geneva Fellowship
For the 2023 iteration of the Geneva-based Fellowship, students or recent grads of Master’s and PhD programs can select among tracks for translation, terminology, and tech.
What is the True Cost of Website Translation and Localization?
What factors influence cost of translation? Let’s explore the value of your translation projects by outsourcing your labor.
Spanish NLP Data Labeling Platform Argilla Raises USD 1.6M in Seed Funding
The open-source platform helps users build and refine datasets without hand-labeling training examples. Funding round co-led by Caixa Capital Risc and Zetta Venture Partners.
EU’s DG CONNECT Awards EUR 8m Contract for Language Data Platform
EU’s DG CONNECT awards a EUR 8m contract to create a platform and marketplace for multilingual language data sharing and exchange.
Straker Drops Full-Year Revenue Guidance After Subdued Q3 FY23
New Zealand-based language service provider (LSP), Straker Translations, reports slowed growth as a result of worsening trading conditions and delayed IBM project.
Tencent Pits ChatGPT Translation Quality Against DeepL and Google Translate
Research by Tencent AI Lab compares ChatGPT’s performance in machine translation with Google Translate, DeepL, and Tencent’s TranSmart.
‘Healthy Demand’ for Localization Boosts Keywords’ 2022 Results
Game services provider Keywords expects to beat previous full-year revenue forecasts; posts 22% organic growth in second half of 2022 on the back of strong localization demand.
LXT’s Phil Hall on the 2023 AI Boom, Covering 750 Languages, and ChatGPT
LXT Chief Growth Officer, Phil Hall, on covering 750 languages, emerging competitors, and why he agrees that data-for-AI companies are the shovel providers in a gold rush.
Korean-Owned Piccoma Buys 70% Stake in Language Service Provider Voithru
Solidifying its plans to hold localization capabilities in-house, Kakao’s Piccoma acquires a majority stake in Voithru. The parent company also gets a sizable investment.
US DoJ Resolves Language Access Complaint with Louisiana Supreme Court
US Department of Justice works with Louisiana’s Supreme Court to solve lack of access to language services for court users of limited English proficiency.
No Post-Editing Output: Microsoft Releases Massive Machine Translation Test Set
Microsoft’s NTREX-128, the second largest human-translated test set, is another benchmark for the evaluation of massively multilingual machine translation research.
Slator 2022 Language Industry M&A and Funding Report
The Slator 2022 Language Industry M&A and Funding Report provides in-depth summary and analysis of the 62 M&A transactions and 18 startup and tech funding rounds covered by Slator.
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