Originally posted on January 28, 2023 @ 1:43 pm
In today’s globalized world, the ability to communicate in multiple languages is becoming increasingly important. However, traditional methods of translation can be time-consuming and costly. In recent years, there has been a rise in the use of artificial intelligence (AI) to improve and automate the translation process. One such company is Lengoo, which recently raised $20 million in a Series C funding round. In this article, we will take a look at the impact of AI-powered translation services like Lengoo and explore the implications for the industry.
What is Lengoo?
Lengoo is a German-based startup that uses AI to automate the translation process. The company’s software uses machine learning algorithms to analyze and understand text in various languages. This allows Lengoo to provide high-quality translations in a fraction of the time it would take a human translator. Lengoo’s services are used by businesses and organizations in a variety of industries, including automotive, finance, and legal.
The Impact of AI-Powered Translation Services
The use of AI in translation has the potential to revolutionize the industry. By automating the process, AI-powered services like Lengoo can significantly reduce the time and cost of translations. Additionally, the use of machine learning algorithms allows for continuous improvement in translation quality.
The growing popularity of AI-powered translation services has also led to increased competition in the industry. As more companies adopt AI technology, the demand for human translators may decrease. However, it should also be noted that AI-powered translation services are not yet at the level of human translators and still requires human proofreading, revision and post-editing.
Implications for the Translation Industry
The rise of AI-powered translation services like Lengoo has the potential to disrupt the traditional translation industry. However, the use of AI technology can also bring significant benefits to businesses and organizations that rely on translation services. Additionally, it can also create new opportunities for those with skills in AI and machine learning.
Conclusion
The use of AI in translation is becoming increasingly important in today’s globalized world. Companies like Lengoo, which recently raised $20 million in a Series C funding round, are at the forefront of this trend. While the rise of AI-powered translation services has the potential to disrupt the traditional industry, it can also bring significant benefits and create new opportunities.
