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Artificial intelligence startups, and (thanks to GPT and Open AI) specifically those helping humans communicate with each other, are commanding a lot of interest from investors, and today the latest of these is announcing a big round of funding. DeepL, a startup that provides instant translation-as-a-service both to businesses and to individuals — competing with Google, Bing and other online tools — has confirmed a fundraise at a €1 billion valuation (just over $1 billion at today’s rates).
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#DeepL primarily provides translation as a service to businesses rather than individuals, and its forte up to now has been working primarily with smaller and medium organizations. Some of those have the potential for a lot of scale: DeepL powers translation on Mastodon, for example.
The company has long competed with the likes of Google and Microsoft on the translation front with the smaller upstart often comparing favorably.
https://www.deepl.com/translator