SlatorPod #237 DeepL Voice Launch and Interpreter Job Surprise
Jan 17, 2025
Florian and Esther dive into the latest trends in the language industry, highlighting over 50 mergers and acquisitions so far in 2024. They celebrate the launch of DeepL Voice, transforming real-time speech translation. The growth of interpreters is emphasized, with LinkedIn ranking it as a hot job in the UK. Discussions on OpenAI's ChatGPT reveal its newfound prowess in translating complex legal texts, though with some speed bumps. They also explore the latest advancements in AI translation technology and what it means for human interpreters.
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2024 M&A Report Reveals Trends
- The 2024 language industry M&A report shows over 50 deals, mostly trade sales between companies.
- Increased motivated sellers and a buyer's market characterize this transitional phase amid AI adoption.
Florian's GPT-01 Translation Test
- Florian tested OpenAI's GPT-01 model translating complex German legal texts, impressed by its accuracy.
- Despite slower processing, it shows major progress in LLM translation capabilities for major languages.
Esther's GPT-01 Financial Report Test
- Esther tested GPT-01 with a 20-page financial report; it processed and retained formatting extremely fast.
- She suspected the English version was already online, but the result impressed her with formatting recovery.