Florian and Esther discuss the language industry news of the week, with the world’s most popular YouTuber, MrBeast, launching a dubbing services company called Creator Global. MrBeast’s latest entrepreneurial move comes as YouTube confirmed it will roll out its multi-track audio to thousands more users.
Over in Australia, Ai-Media shared its financial results for the first half of 2023, with revenues remaining flat and EBITDA edging up a bit. When asked about ChatGPT, Ai-Media CEO Tony Abrahams said that it did not pose a threat to the access service provider.
Data-for-AI provider Appen released “far from satisfactory” results for full-year 2022 as revenues decreased 13% to USD 388.5m. Appen’s results may puzzle some as AI is undergoing perhaps the greatest hype cycle ever.
Researchers at Microsoft have been conducting experiments comparing large language model GPT to other machine translation (MT) systems. The results concluded that GPT models achieved competitive MT quality for high-resource languages, but did not perform well for low-resource languages.
AMN Healthcare revealed in a February 2023 earnings call that in-house Language Services has reportedly doubled its revenues since the 2020 acquisition of Stratus Video. Overall, AMN revenues were up 32% in 2022 to more than USD 5.2m, but declined by 17% in Q4.
The duo talk about the Slator 2023 Language Service Provider Index, which features nearly 350 companies in total, with a combined US-dollar revenue of nearly USD 10.4bn. Esther highlights the fastest growing LSPs and breaks down growth among Super Agencies, Leaders, Challengers, and Boutiques.