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CEO of Luminance on Legal #NLProc

CEO of Luminance on Legal #NLProc | Language Tech Market News | Scoop.it
Moreover, this perhaps underlines the huge potential legal AI companies of this type may have. I.e. Luminance does not just have a chance to tap into the legal needs of firms working in English, but the world’s legal market. Given that the global legal market is estimated to be $700 billion in value, then even if only a very small fraction of this were to be considered as legal AI document analysis territory, then we are still looking at a future multi-billion dollar industry in the making.
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Language Tech Market News
Language Tech Market News keeps you up-to-date on news from Europe's language technology (LT) industry.
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SYSTRAN Introduces World’s First Automatic Translation System for Classic Korean Literature

SYSTRAN International (Chairman Lucas Ji, www.systrangroup.com) has provided an artificial intelligence-based automatic translation (NMT) solution to Korea's National Information Society Agency(NIA) for translating Korean classics into modern language.

LT-Innovate's insight:

Apparently part of a "neuro-translate the classics" project that could go global. But where's the money?

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Amazon Plans to Launch Translation Business?

Amazon Plans to Launch Translation Business? | Language Tech Market News | Scoop.it

Andy Jassy, CEO of Amazon Web Services and Infrastructure.
Amazon's cloud computing division has been working on a translation service that developers could use to make their websites and apps available in multiple languages It wi:ll make its current internal system available through Amazon Web Services,. Amazon could announce the service before its annual re:Invent conference in Las Vegas in November.

LT-Innovate's insight:

Why not monetize your internal product, especially when you have loads of data, a big cloud-computing service, and a potential listening post (Alexa) in homes in different countries?

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NAVER to Acquire Xerox Research Centre Europe

The research expertise at the European centre is perfectly aligned with NAVER’s. We expect immediate, powerful synergies,” said Chang-hyeon Song, CTO of NAVER, and CEO of NAVER Labs. “XRCE's world class R&D achievements in AI technology, including computer vision and machine learning, will significantly strengthen NAVER Labs’ research in ‘ambient intelligence’ including autonomous vehicles, AI/deep learning, intelligent 3D mapping, robotics and natural language processing.”

With such a strong foothold in Europe, NAVER expects to considerably accelerate its development of ambient intelligence technologies around the globe and in particular in AI

LT-Innovate's insight:

Xerox fielded a major #NLProc team at the Grenoble site.

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Spanish Edtech Lingokids Raises $4M in Fresh Funding

Edtech startup Lingokids has raised $4 million from Holtzbrinck Ventures and JME Ventures Capital with participation from Bessemer Venture Partners, Sabadell Venture Capital, Big Sur Ventures, and announced a new a distribution agreement with Oxford University Press. The Spanish-founded company, formerly known as Monkimun and now based in San Francisco, provides a subscription service for live language tutoring lessons for at-home learning. 

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New #ASR Transcription Advances 

New #ASR Transcription Advances  | Language Tech Market News | Scoop.it
Two companies—Trint, a start-up in London, and SwiftScribe, a subsidiary of Baidu based out of its U.S. headquarters in Silicon Valley—have begun to offer browser-based tools that can convert recordings of up to an hour into text with a word-error rate of 5 percent or less.
LT-Innovate's insight:

Microsoft has just added Dictate as a Word add-on enabling transcription for all. Indivudals can improve their own ASR systems, but the machines just have to guess the content of some video sound tracks.  

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Actonomy to Launch Adaptive Semantic Search Tech Learning from the User Behaviour

Developing semantic technology for HRM applications over the last 10 years, Actonomy now brings semantic search to a next level by learning what the user is looking for.
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ABBYY LS and Traktat Merge to Form Russia’s Largest Translation Provider

ABBYY LS and Traktat Merge to Form Russia’s Largest Translation Provider | Language Tech Market News | Scoop.it
. On June 16, 2017, ABBYY Language Solutions (ABBYY LS) and Traktat announced they are going to combine operations. The merger creates Russia’s largest language service provider (LSP) with pro-forma annual revenues for 2017 of around RUB 1bn (USD 18m). The firm is headquartered in Moscow.
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Using AI to Sort Out Trademark Law

Using AI to Sort Out Trademark Law | Language Tech Market News | Scoop.it

Finnish legaltech company TrademarkNow: All of our core AI components concerning trademark analysis have been (and are continuously) developed in-house for this specific purpose. We have also put a considerable effort into the trademark data and cleaning it up, like trying to figure out all the hundreds of ways ‘a Delaware corporation’ can be (mis)spelled in Greek to establish the identity of each individual trademark owner.

LT-Innovate's insight:

Interesting view of complexities of names and how highly bespoke tech is needed to help automate trademark recognition.

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European Leaders Call for ‘Immediate’ Open Access to All Scientific Papers by 2020

European Leaders Call for ‘Immediate’ Open Access to All Scientific Papers by 2020 | Language Tech Market News | Scoop.it

E.U. member states today agreed on an ambitious new open-access (OA) target. All scientific papers should be freely available by 2020, the Competitiveness Council—a gathering of ministers of science, innovation, trade, and industry—concluded after a 2-day meeting in Brussels. But some observers are warning that the goal will be difficult to achieve. The OA goal is part of a broader set of recommendations in support of open science, a concept that also includes improved storage of and access to research data.

LT-Innovate's insight:

Less restrictive copyright on many types of data sets would enable others to double test results available in "open" scientific papers.

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A Norwegian Legal Challenge: Using AI to Anonymise Court Docs

A Norwegian Legal Challenge: Using AI to Anonymise Court Docs | Language Tech Market News | Scoop.it

A tech team in Norway is now using #NLProc and machine learning to remove people’s names from public court documents. Court docs are open to the public and have to be anomymised prior to pubvlication.  In a globalised Norway with people from all over the planet it’s not sufficient to just do a search for the most popular traditional names. Moreover, forenames and surnames get misspelt in court records and don’t always get picked up even if you know what you’re looking for.

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Conversational User Interfaces: Case Studies on Engagement

Conversational User Interfaces: Case Studies on Engagement | Language Tech Market News | Scoop.it
We will take existing chatbots, both consumer and business focused, and dissect them. We will see how these companies are taking advantage of this new communication medium and how are they using some of the principles of Conversational User Interface to create engagement.
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@WEGLOT Raises €0.45 Million for Web Translation Service Solution

@WEGLOT Raises €0.45 Million for Web Translation Service Solution | Language Tech Market News | Scoop.it

The French startup WEGLOT (Translation as a Service)-has received 0.45 million euros in a first round of funding. Cofounded in 2016 by Augustin PROT , Rémy BERDA , WEGLOT is based in the Paris area. This 0.45 million euros round was led by Side Capital,.

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"Cognitive" Search Now Outperforms Traditional Enterprise Search 

"Cognitive" Search Now Outperforms Traditional Enterprise Search  | Language Tech Market News | Scoop.it

Mike Gualtieri, an analyst with Forrester and the author of the report, "The Forrester Wave: Cognitive Search and Knowledge Discovery Solutions, Q2 2017," says that cognitive search capabilities from companies like Attivio, HPE and Sinequa is bringing new energy to business search by using natural language processing and machine learning to vastly improve and accelerate how information is sorted and evaluated.

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Flitoo Exports Its Translation Data to Baidu

Flitoo Exports Its Translation Data to Baidu | Language Tech Market News | Scoop.it

Flitto, a startup company in South Korea, is exporting translation data for Chinese and Japanese to Baidu, the biggest search portal in China. These data will be used to enhance ‘Baidu translate’, which is a translation service for Chinese. Flitto is planning to expand its global partnership based on its platform that covers both AI (Artificial Intelligence) translation and human translation.

LT-Innovate's insight:

The constraints on accessing translation data suggests there should be a new effort at creating a proper market for such data. Meanwhile, deals like this will occasionally occur. 

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LexisNexis Launches Legal-focused Lexis Answers, Infusing #NLProc Automation

LexisNexis Launches Legal-focused Lexis Answers, Infusing #NLProc Automation | Language Tech Market News | Scoop.it
the Lexis Answers service allows users to enter their query in the form of a natural language question. With the input of a couple of words, the Lexis Answers service can begin anticipating and recommending Suggested Questions to the user. After analyzing millions of annotated legal documents and other content, Lexis Answers delivers the single best possible answer via a Lexis Answer Card. Each Lexis Answer Card links directly to the specific text within the document—rather than just the document itself—significantly speeding up the research process for common legal questions.
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Speech Translation Using Your Own Voice Profile

Speech Translation Using Your Own Voice Profile | Language Tech Market News | Scoop.it

San Francisco-based startup BabelOn is developing speech synthesis technology that will let you translate anything you say into other languages, in your own voice. To achieve this, it’ll use its own software and custom-built hardware (no mic necessary) at its San Francisco studio to capture various attributes of how your voice sounds, and create a unique BabelOn Language Information Profile (BLIP). BabelOn’s system will then be able to synthesize speech in languages you don’t speak, and is presently targeting English, French, Spanish, German, Portuguese, Mandarin, Japanese, and Hindi.

LT-Innovate's insight:

Near-unique human voice profiles will theoretically not generate data that can be generalised via learning. What is the business model?

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Almost One Million Businesses Worldwide Will Adopt AI Technologies by 2022

Almost One Million Businesses Worldwide Will Adopt AI Technologies by 2022 | Language Tech Market News | Scoop.it
ABI Research predicts the number of businesses adopting artificial intelligence (AI) technologies worldwide will grow considerably, up from 7,000 this year to nearly 900,000 in 2022, a CAGR of 162%. AI is no longer limited to science fiction and movies, with significant strides being made in cloud processing, storage capacity, and machine learning algorithms to enable computer systems to surpass humans in winning strategy games and television shows. Increasingly, businesses are applying these technological advancements to deliver automation and innovation that equal or exceed human capabilities.
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Germany’s Kuka Plans Move into Personal Assistant Robots

Germany’s Kuka Plans Move into Personal Assistant Robots | Language Tech Market News | Scoop.it

Kuka, Germany’s largest maker of industrial robotics, plans an ambitious move into the world of personal assistant robots with the help of Midea, the Chinese appliance maker that acquired it for €4.5bn last year. Till Reuter, Kuka chief executive since 2009, told the FT he sees potential to draw on Midea’s consumer expertise to create robots that would help out on household tasks. 

LT-Innovate's insight:

That means developing the right sort of user interface.

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Customer Conversation ContactEngine Launches into US Market

Customer Conversation ContactEngine Launches into US Market | Language Tech Market News | Scoop.it

The US expansion for UK firm ContactEngine comes off the back of a $3 million Series A from venture capital firms Beringea and Amadeus Capital. The US headquarters in Washington DC will focus on winning business in the telecoms, cable, home services, utilities and white good sectors, with ContactEngine having already secured an initial contract with one of the largest US telecommunications corporations.

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LawBot Goes Global in Seven Countries, Adds Case Prediction Capability

LawBot Goes Global in Seven Countries, Adds Case Prediction Capability | Language Tech Market News | Scoop.it

LawBot, the legal chat bot started by a group of Cambridge University law students, is to launch in seven countries. It is also adding a case outcome prediction capability to assess the chance of winning a legal claim that the bot has analysed. It will now cover law in Great Britain, USA, Canada, Hong Kong, Singapore, Australia and New Zealand.

LT-Innovate's insight:

Great opportunity to collect data (both user and case) from various legal regimes. But only in English, it seems. 

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AI to Create 800,000 jobs and $1.1T Revenue by 2021?

AI to Create 800,000 jobs and $1.1T Revenue by 2021? | Language Tech Market News | Scoop.it

From 2017 to 2021, the Salesforce-sponsored IDC study predicts that AI-powered CRM activities will boost business revenue by $1.1 trillion, and create more than 800,000 direct jobs and 2 million indirect jobs globally, surpassing those lost to AI-driven automation. This will be led primarily by increased productivity and lowered expenses due to automation, which account for $121 billion and $265 billion of the $1.1 trillion sum, respectively, according to the study.

LT-Innovate's insight:

#NLProc is thought to largely contribute. 30% will adopt Voice/speech recognition (41% of early AI adopters) and 27% will adopt text analysis and natural language processing (34% of early AI adopters). Sounds as if bots will be behind every job...

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Snips, an AI Voice Platform Provider, Raises $13M Series A 

Snips, an AI voice platform provider based in Paris and New York City, has raised $13 million in Series A funding. The round was led by Korelya Capital and MAIF Avenir, with participation from BPI France and previous backer Eniac Ventures. This brings the total amount raised by the startup to $21 million in the past two years.
Snips also announced the official launch of its Voice Platform for connected devices.

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Debate over Irish Language is Central to Power-sharing Talks in Northern Ireland

Debate over Irish Language is Central to Power-sharing Talks in Northern Ireland | Language Tech Market News | Scoop.it

One of the central sticking points of the talks (between UK Conservative Party and Borthern Irish DUP) is the Irish language – also known as Irish Gaelic – and whether there is a need for an Irish Language Act for Northern Ireland. In late May, thousands marched in Belfast in support of an Irish Language Act. The issue, bound up with divisions in society over national identity, has divided political parties which draw their support from the nationalist and unionist communities. The two unionist parties, the DUP and the Ulster Unionist Party, have been reluctant to support an Act whereas the nationalist parties, Sinn Féin and the Social Democratic and Labour Party, have traditionally been in favour of legislation.

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VÉgA – User-friendly Online Dictionary of Egyptian Heiroglyphs

VÉgA, or Ancient Egyptian Vocabulary, is an online digital dictionary, produced by the Université Paul-Valéry Montpellier 3. It aims to become an indispensable and constantly updated research platform, as well as a media for international scientific collaboration. Users (researcher, student or amateur) can study the words of the Egyptian vocabulary by accessing the most recent academic information online.

LT-Innovate's insight:

Free until Sunday June 17,  then €5 to 10 per month.

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#ASR for Consumer Electronics to Grow at CAGR 28.25% to 2021

The analysts forecast global Speech Recognition for Consumer Electronics market to grow at a CAGR of 28.25% during the period 2017-2021.
LT-Innovate's insight:

Presumably driven by the Amazon, Google & Apple home listening station segment.

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