Uploaded on Jul 8, 2024
Explore the latest developments in the language industry, including significant legal battles, bankruptcies, acquisitions, and new AI interpreting guidelines. This comprehensive article delves into these events' implications and thoroughly analyzes their impact on the market.
Legal Battles, Bankruptcies, Acquisitions, and AI Interpreting Guidelines
Navigating Legal B
attles, Bankruptcie
s, Acquisitions, and
AI Interpreting Gui
delines in the Lang
uage Industry
www.slator.com
Florian and Esther discuss this
week's language industry news,
highlighting a
legal battle in the UK regarding
public sector interpreting and
the classification of interpreters
as freelancers or workers. This
case could significantly impact
the business models of
language service providers
(LSPs).
www.slator.com
The duo explores Google Translate’s recent expansion to support
over 200 languages, adding 110 new ones using their large
language model, Palm 2.
Florian talks about the insolvency of Landexx, a German LSP,
following a pattern of recent bankruptcies in the language service
industry in Europe.
Meanwhile, Keywords Studios, a major player in game localization,
is set to be acquired by the private equity firm EQT, valuing the
wLSwPw a.ts laaptoprr.ocxoimmately USD 2.2 billion.
Esther gives an M&A corner, including Translate.One’s
acquisition of Enable2 in the UK, Valorem Group’s
purchase of Ireland-based TRANSLIT, and difuze’s acquisition of the
accessibility division of Blackstone Sight and Sound in Canada.
Additionally, Esther covers a pre-seed funding round by Dubme.io, a
Spanish startup specializing in AI-powered dubbing.
The podcast concludes with a discussion on the Interpreting
SAFE AI Task Force, which has released guidelines for the ethical use
of AI in interpreting, emphasizing the importance of maintaining
quality, accountability, and transparency in the industry.
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www.slator.com
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t rans la t ion, loca l iza t ion, and language technology industry. Our
Adv isory prac t ice is a t rusted par tner to c l ients look ing for independent
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and the US.
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