SlatorPod #245 Dealmaker Wows with 10M Translation Education Gift
Mar 28, 2025
Dive into the latest in the language industry, as insights reveal a 6.6% revenue growth among LSPs. A surprising $10 million donation for a new translation program at California State University steals the spotlight. Discover hiring trends as McKinsey's report shows a shift in translator roles amid AI evolution. Mergers and acquisitions are reshaping the landscape, with Teleperformance investing in accent translation technology and Lingo.dev securing funds for AI dubbing advancements. Exciting discussions await at the upcoming SlatorCon.
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2024 Language Market Insights
- The 2025 Slator Language Service Provider Index (LSPI) recorded a 6.6% combined revenue growth to $8.4 billion for 2024.
- Interpreting services outperformed text translation and US-based LSPs dominate the top 10, with life sciences a key market sector.
$10M Gift Launches Translation MA
- Mario Giannini, CEO of Hamilton Lane, donated $10 million to launch a new MA translation program at California State University, Long Beach.
- Funds primarily support scholarships and aim to integrate AI and advanced language model skills in the program.
Translators as AI-Related Roles
- McKinsey classifies translators as AI-related roles and reports hiring difficulty eased from 70% in 2022 to 55% in 2024.
- Hiring translators remains moderately difficult but is becoming easier globally.