TransPerfect Grows in 2024 as Diversification Offsets Declining Translation Business – slator.com
TransPerfect has announced that it has achieved USD 1.23bn in revenues for the 2024 financial year, representing an increase of 3% (approximately USD 35m) compared to FY23. The Super Agency attributed its growth to “several standout performances” in its AI consulting and data annotation division, DataForce, and double-digit growth in licensing revenue for its technology […]
Generative AI Takes Localization from Cost Center to Growth Driver – slator.com
Generative AI, a.k.a. GenAI, has made the leap from digital experimentation “sandboxes” to daily use and C-suite plans for the year ahead. But beyond the point of pride that comes with displaying “AI” prominently on a website, the question remains: How can AI — and more specifically, large language models (LLMs) and GenAI — translate […]
Hiring Translators Is Getting Easier, McKinsey State of AI Report Finds – slator.com
On March 12, 2025, McKinsey & Co. released its latest “State of AI” report showing a downward trend in “difficulty of hiring” for translators and several other “AI-related roles.” McKinsey’s survey has included translators in a list of “AI-related roles” since 2022, highlighting their awareness of AI’s immense influence on the translation field in the […]
The 10 Fastest-Growing Translation, Localization, and Interpreting Companies of 2024 – slator.com
Slator released the Slator 2025 Language Service Provider Index (LSPI) at the end of February 2025, the eighth annual iteration of our flagship index. Currently featured in the Slator 2025 LSPI are more than 290 language service providers (LSPs) ranked by 2024 (USD) revenue. The combined revenues of Slator 2025 LSPI companies grew 6.6% in […]