The Year in Review and 2025 Predictions!

Hosted by Florian Faes and Esther Bond, with guest Anna Wyndham, in their SlatorPod year-end 2024 episode, key language industry trends over the course of the past year, including trends, drivers, and predictions, 2025, will be discussed.

First, language industry news of the week: LXT acquired clickworker with the goal of doubling revenues by 2025 by expanding its AI data capabilities. Esther also shares how EzDubs, a speech translation startup, raised USD 4.2m in seed funding.

Florian comments that RWS published revenues for 2024 that are stable with £180m from AI-powered products and services. Additionally, YouTube announced the rollout of AI dubbing, enabling content creators to reach new language-speaking audiences, but admitted limitations at this point, including poor voice quality.

https://youtu.be/CtrVDikK7lE

In their discussion, the trio talked about the UK House of Lords inquiry into court interpreting and translation, highlighting pay issues for interpreters, quality issues, and how AI is being deployed for quality assurance.

Reflecting on 2024, Anna outlines three major trends: speech-to-speech translation, "translation as a feature," where translation capabilities are integrated into everyday software like project management tools, and the evolution of localization roles toward AI-driven skills.

Looking forward, Anna foresees rapid adoption of AI by the public sector given the cost constraints and the need for scalability, whereas Florian envisions further breakthroughs in machine translation quality estimation and, possibly, IPOs in the language tech industry. Esther predicts higher levels of M&A activity in the industry, where niche providers seek stability and scalability in a competitive market.

Humanless LSP as a Fun Weekend Project

Florian and Esther discuss the language industry news of the week, giving a recap of SlatorCon London and exploring some use cases from the Slator Pro Guide: Language AI for Consumers.

Florian talks about Andrew Ng’s recent project on agentic machine translation, which involves using large language models (LLMs) to create a virtual language service provider (LSP).

The duo touched on Apple’s recent Worldwide Developer Conference, where Apple Watch is set to get a translation widget and also recently announced a new translation API.

Florian shares RWS’s half-year financial results, where despite declines in revenue, the company’s stock rose by 20%, likely due to investor perception of AI-enabled services and new product offerings like Evolve and HAI gaining traction.

Esther talks about DeepL’s USD 300m funding round, which valued the company at USD 2bn, a testament to the growing interest in AI models. She also covers Unbabel’s launch of TowerLLM, which claims to outperform competitors like Google Translate and DeepL.

In Esther’s M&A corner, Keywords Studios eyes a GBP 2.2bn deal from Swedish private equity firm EQT, Melbourne LSP Ethnolink buys Sydney-based competitor Language Professionals, and ZOO Digital acquires Italian dubbing partner LogoSound.

Esther gives a nod to the positive financial performances of companies like ZOO Digital and AMN’s language services division, with more mixed results for Straker.