Welde: AI translation still requires humans for mission-critical business content
Jack Welde · 1002 How He Makes $10m+ Speaking Every Language on Earth · Apr 22, 2018 · at 3:47
Smartling co-founder and CEO Jack Welde explains why machine translation and AI alone cannot replace human linguists for high-impact content.
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“There's definitely humans involved, and while, while AI and machine translation, you know, computer-generated translation, like something like Google Translate, you know, has gone, undergone some really incredible advances in the last year or so the translation is still one of those things that really requires humans, particularly when you're talking about marketing content and high-impact content that's mission critical to your operation.”
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“I think great SaaS companies, great, great SaaS companies are paying something back inside of a year. You know, acceptable SaaS companies are paying something back inside of between two to three years.”
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“So our, you know, our customers pay us anywhere from, you know, 10,000 dollars a year, all the way up to, you know, a couple million dollars a year, million, million dollar plus a year.”
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“Yeah, 10,000 contracted translators around the world.”
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“We raised four rounds of capital. We've raised sixty three million dollars over this entire period.”
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“We got three customers. Then we went out to the marketplace and we're able to raise four million dollars.”
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“Well, I think by the time we finished it up, by the time we started the round, you know, I think we were in, you know, and we had by then about you know, seven to 10 customers paying us, you know, many, you know, tens of thousands of dollars on a, on an annual…”