Day: March 27, 2024

TransPerfect acquires TheSpeech

March 27, 2024 / NewsShark

TransPerfect, a provider of language and AI solutions for global business, today announced that it has acquired TheSpeech, a remote simultaneous interpretation platform for multilingual events. Financial terms of the transaction were not disclosed.

TheSpeech’s self-service platform enables customers to have their live events interpreted from multiple source languages to multiple target languages and broadcast live to any size audience, anywhere around the world. Key features of TheSpeech include:

Support for live, online, and hybrid events
150+ languages
Closed captions for deaf and hard-of-hearing viewers
Support for nearly all platforms and configurations
Data collection and statistics for meeting organizers to be informed on engagement while being GDPR compliant
No hardware rental required and nothing to physically install

TheSpeech will continue to be led by CEO Peter Cselenyi, who will join TransPerfect’s management team. Cselenyi has served as CEO since founding the company in 2015 with partners Peter Vincze and Virag Vinceffy. TransPerfect was advised on the transaction by DLA Piper Hungary. TheSpeech was advised by Andersen Legal Hungary.

https://www.transperfect.com ■ https://thespeech.app

Databricks launches DBRX

March 27, 2024 / NewsShark

Databricks announced the launch of DBRX, a general purpose large language model (LLM) they say outperforms established open source models on standard benchmarks. DBRX democratizes the training and tuning of custom LLMs for enterprises without relying on a small handful of closed models. Paired with Databricks Mosaic AI’s unified tooling, DBRX helps customers rapidly build and deploy generative AI applications that are safe, accurate, and governed without giving up control of their data and intellectual property.

DBRX was developed by Mosaic AI and trained on NVIDIA DGX Cloud. Databricks optimized DBRX for efficiency with a mixture-of-experts (MoE) architecture, built on the MegaBlocks open source project. For a look at model evaluations and performance benchmarks compared to existing open source LLMs like Llama 2 70B and Mixtral-8x7B, and to see how DBRX is competitive with GPT-4 quality for internal use cases such as SQL, visit the Mosaic Research blog.

DBRX is available on GitHub and Hugging Face. On the Databricks Platform, enterprises can leverage its long context abilities in retrieval augmented generation (RAG) systems, and build custom DBRX models on their data. DBRX is also available on AWS and Google Cloud, as well as directly on Microsoft Azure through Azure Databricks.

https://www.databricks.com/blog/introducing-dbrx-new-state-art-open-llm

Gilbane Advisor 3-27-24 — GenAI product cycle, TCO focus

March 27, 2024 / Frank Gilbane

This week we feature articles from Kunal Sawarkar, and Steve Jones.

Additional reading comes from Avi Bar-Zeev, Cobus Greyling, Dean Allemang, and Michael Parekh.

News comes from Verndale & Yaksa, Chetu & Brightspot, RWS, and Clarifai & Deepgram.

All previous issues are available at https://gilbane.com/gilbane-advisor-index

Opinion / Analysis

Key technological trends shaping enterprise GenAI in 2024

A common theme among analysts during the recent prediction season was that 2024 would be the year GenAI applications transitioned from speculation and sandboxes to deployments in production environments. Kunal Sawarkar agrees, but has some solid advice for executive decision-makers. (8 min)

https://medium.com/towards-generative-ai/key-technological-trends-shaping-enterprise-genai-in-2024-65937a86f53c

Why increased productivity can cost more

Steve Jones also has some good, and perhaps surprising, advice for executives planning GenAI implementations…

““GenAI will drive 30% improvements in productivity”, now as a blanket statement that is wrong, but lets for a second assume that its right, and I’ll explain how mathematically I can improve the productivity of everyone in the software development lifecycle and still spend way more money delivering the same outcomes.” (4 min)

https://blog.metamirror.io/why-increased-productivity-can-cost-more-97460a314b16

Content technology news

Verndale acquires Yaksa

Yaksa brings ecommerce expertise in digital commerce and digital experience platforms (DXP), including Optimizely, Umbraco, Orckestra Commerce.
https://www.verndale.com ■ https://www.yaksa.ca/en

Chetu partners with Brightspot

Global software developer joins content management system provider’s partner network to offer CMS solutions to businesses worldwide.
https://www.chetu.com/news/chetu-partners-with-brightspot.php■ https://www.brightspot.com

RWS launches Component Content Alliance (CCA)

Educational resources where professionals can collectively shape the future of content componentization and structured content authoring.
https://www.rws.com/about/news/2024/rws-launches-component-content-alliance/

Clarifai and Deepgram announce partnership

Clarifai developers can integrate Deepgram’s ASR technology, reducing the time required to build AI applications with speech recognition functionality.
https://www.clarifai.com/press-release/clarifai-and-deepgram-announce-strategic-partnership

All content technology news

The Gilbane Advisor is authored by Frank Gilbane and is ad-free, cost-free, and curated for content, computing, web, data, and digital experience technology and information professionals. We publish recommended articles and content technology news weekly. We do not sell or share personal data.

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