The Slator 2024 LSPI is the industry’s first look at the state of the market in 2023. We will publish a brand new Language Industry Market Report in early Q2 2024, with market-sizing and in-depth vertical analysis.

Oct 9, 2024 · US-based Propio Language Services (Propio) acquired United Language Group (ULG) in September 2024, Propio CEO, Marco Assis, confirmed to Slator.. Propio is listed in the Slator 2024 Language Services Provider Index (LSPI) in the Leader category with interpreting as its core service and 2023 revenues of USD 125m.. The company has also ranked a few times in the Inc. 5000 list of fastest-growing ...

On November 21, 2024, Microsoft announced the preview of Microsoft Translator Pro, an enterprise-level, standalone speech-to-speech (S2S) and document machine translation (MT) app available first to a few “applicants” that meet certain criteria, including having an Azure enterprise account. The mobile translation app will be available initially on iOS 15 or later.

Sep 2, 2024 · The Slator Pro Guide: Translation AI is a must-have for language service providers and localization teams, providing a concise snapshot of the latest practical applications of large language models (LLMs) in translation.. This guide provides an update on the 10 practical LLM use cases that we presented in the previous year’s edition.Plus we’ve added 10 new LLM use cases that have ...

2 days ago · Slator is the leading source of research and market intelligence for translation, localization, interpreting, and language AI. Slator's Advisory practice is a trusted partner to clients looking for M&A services and independent analysis. Slator has offices in Zurich (HQ) and London, and Analysts based in Asia, Europe, and the US.

Nov 12, 2024 · Human-only workflows involved either a single human translation step or included an additional one or two human review steps. Machine-only workflows ranged from single-step AI translations using top AI systems — MT systems or LLMs — to more complex workflows, where AI translations were refined by an LLM.Hybrid workflows combined human expertise and AI efficiency; in some cases, AI ...

Oct 9, 2024 · The new ALC report surveyed 127 language service companies (LSCs) from 28 countries*. The results underscore the expanding role of machine translation in the services offered by LSCS to key industries such as healthcare, law, and education.

Nov 18, 2024 · Let Me Work It Out. October 2024 was a month dotted with news of leadership changes at a few LSPs. At a time when AI translation is not only altering the nature and day-to-day tasks of many jobs but also becoming a feature in products like never before, everyone can probably agree that change is the one constant in language industry jobs.. Take what Reddit has done with AI translation to ...

Nov 6, 2024 · Rome-based language AI and services provider, Translated, has announced that it has partnered with NVIDIA and Italy’s largest supercomputing center, CINECA, to power its next generation of machine translation technology powered by AI. CINECA — a not-for-profit consortium made up of 70 Italian universities and over 50 research and public institutions — will support Translated with 10 ...

A 2024 linguist survey similarly found that 77% of linguists were paid by source word; and 13%, by target word. (It’s worth noting that 70.9% of those same linguists said translation is the service they perform most often.)