#196 Translation and Localization in the New OpenAI GPT Store

January 12, 2024 Slator
#196 Translation and Localization in the New OpenAI GPT Store
Show Notes Chapter Markers

Florian and Esther discuss the language industry news of the week, with OpenAI recently launching its GPT store, allowing users to create their own GPT chat interfaces without the need for coding.

One move that underscores OpenAI's influence in the language space is Albania's consideration of using ChatGPT for translating documents related to its EU accession bid. Duolingo is also reported to be laying off human translators in favor of relying more on AI for content curation and translation, which has seen significant user backlash.

The duo talk about the challenges publicly traded LSPs faced in 2023, with none outperforming the MSCI world average. LSP stocks, including Honyaku Center, RWS, and Appen, experienced significant declines, while Duolingo's stock doubled despite its shift to AI.

Esther covered key mergers and acquisitions in 2023. Lastly, the podcast highlighted leadership changes at Argos Multilingual, with Alexander Ulichnowski taking over as CEO and Joanna Weitz promoted to COO.

Intro and Agenda
OpenAI Launches GPT Store
Albania Considers GPT for Translation
Duolingo Shifts to AI
Publicly Listed LSPs Performance in 2023
Top M&A Deals in 2023
Leadership Changes at Argos Multilingual