DeepL targets Taiwan, HK with new AI translation for Extinct Chinese
DeepL, the Cologne-based mostly fully mostly AI translation unicorn, has added Extinct Chinese to its language portfolio, strategically expanding its presence in Asian markets.
Since its originate in 2017, DeepL has emerged as Europe’s Google Translate rival. But unlike Google, the startup is essentially focusing on industry potentialities.
“Translation is de facto crucial for companies,” Jarek Kutylowski, founder and CEO of DeepL, told TNW in a old interview.
“This present day, companies originate going global and expanding into other markets in a short time, so they gain potentialities in various areas.”
DeepL’s expansion in Asian languages
To this level, the startup supports over 20 European languages. It first entered the Asian market with Simplified Chinese and Japanese in 2020. It added Indonesian in 2022, and Korean in 2023.
Extinct and Simplified Chinese are two various written forms of the language. The latter version became as soon as presented within the Fifties by the Folks’s Republic of China to be able to toughen literacy charges within the nation.
On the opposite hand, Extinct Chinese remains the reliable script in Hong Kong and Macau in China to boot to in Taiwan, the keep it’s additionally the indispensable originate of written verbal replace for companies.
Hong Kong and Taiwan, in pronounce, symbolize key industry markets, housing sturdy finance and technology sectors. For context, Hong Kong is amongst the realm’s top monetary centres, while Taiwan’s leading tech companies comprise chip-making giant TSMC.
“We impress the significance of these regions in global replace,” Kutylowski stated in a statement. He added that the addition of Extinct Chinese can wait on native companies to develop larger globally and worldwide companies to enter the Asian markets.
DeepL’s new translation toughen follows a length of noteworthy voice for the startup. Closing week, the firm launched its new broad language model (LLM), which it claims outperforms each Google Translate and ChatGPT.
Earlier this 300 and sixty five days, DeepL raised a new funding of $300mn (€277mn), reaching a $2bn valuation. It now covers 33 languages and counts over 100,000 industry users.
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