The platform's unique approach involves creating a short-term memory with an LLM, allowing it to translate between different types of English while preserving the text's meaning. Pedersen explained that the platform identifies parts of the content with a low confidence score and uses humans to correct it, increasing productivity. Despite the advancements in AI, Pedersen believes that AI still needs human feedback to improve. EasyTranslate, which has raised a total of €3 million to date, offers its services at €0.01 per translated word to global businesses such as Wix and Monday.com.
Key takeaways:
- EasyTranslate has developed a new, generative AI-driven platform called 'HumanAI' that uses large language models (LLMs) and short-term memory to translate content more accurately.
- The platform reduces translation times and costs by only involving humans where necessary, and uses a mix of LLMs, including the one offered by OpenAI, as well as its own recommendation systems.
- EasyTranslate's founder, Frederik R. Pedersen, claims that HumanAI can reduce translation costs by 90%, and the service is priced at €0.01 per translated word.
- Despite the advancements in AI, Pedersen believes that AI still needs human feedback to improve, and the goal of EasyTranslate is not to become a pure AI service, but to combine the value of humans and AI.