AI-Media and Speechmatics Announce Strategic Partnership to Evolve Captioning and Language Providers Applied sciences

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BROOKLYN, N.Y., Sept. 13, 2024 (GLOBE NEWSWIRE) — AI-Media – the worldwide chief in audiovisual encoding know-how and AI-driven transcription and translation options, and Speechmatics – the market chief in speech recognition know-how, at present announce a strategic enlargement of their multi-year partnership to ship new and higher AI-driven merchandise to market.

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This partnership brings collectively Speechmatics’ main speech-to-text know-how and AI-Media’s distinctive iCap-based encoding home equipment and safe community that seamlessly embeds the know-how inside clients’ current workflows and automation programs.

By integrating these capabilities, AI-Media’s LEXI 3.0 has been the primary AI product to overhaul the standard of human-in-the-loop alternate options within the dwell video market – at a fraction of the price.

Tony Abrahams, CEO of AI-Media, shared his ideas on the partnership:

“Our information derived from the efficiency of LEXI 3.0 has proven Speechmatics to be considered one of our most trusted engines over the past two years, constantly delivering correct outcomes that proceed to enhance. This partnership brings our two corporations even nearer as we co-develop and ideate revolutionary options for the way forward for captioning and translation.

Collectively, we’ll create options which are correct, dependable and adaptable to the various wants of our world clientele.

This collaboration deepens the partnership that has seen AI-Media’s iCap encoding ecosystem emerge because the main alternative of broadcasters and authorities clients all over the world seeking to get the very best efficiency from these sport altering AI applied sciences from Speechmatics.”

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By leveraging Speechmatics’ superior speech recognition engine and AI-Media’s cutting-edge workflow and encoding applied sciences, this partnership addresses the various and sophisticated wants of varied industries, from broadcasting to authorities and enterprise sectors.

The partnership broadens Speechmatics’ attain by integrating its core know-how into AI-Media’s LEXI 3.0 product.

Extending the success of LEXI 3.0 into the European broadcast market is a close to time period goal – Speechmatics’ rising multilingual capabilities align completely with AI-Media’s development plans.

A Imaginative and prescient for the Future

This new partnership elevates AI-Media to develop into Speechmatics’ largest dwell captioning market associate, marking a major milestone of their collaboration.

“Speechmatics has develop into the main Computerized Speech Recognition (ASR) supplier inside broadcast due to our excessive accuracy and low latency throughout a number of languages, each dwell and offline. AI-Media has efficiently built-in our know-how into their market main broadcast infrastructure to realize spectacular development of their chosen markets, and this strategic partnership brings nearer collaboration to permit for extra fast innovation and agility. Because of this, world broadcasters will proceed to get one of the best captioning service available on the market and our mixed power in AI pushed captioning may be utilised in a broader array of verticals,” mentioned Katy Wigdahl, CEO of Speechmatics.

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Collectively, AI-Media and Speechmatics are dedicated to integrating best-in-class applied sciences to set new business requirements. This collaboration is not only a technical integration however a partnership of imaginative and prescient and innovation, geared toward constantly evolving and adapting to the dynamic calls for of the worldwide language providers market.

Go to AI-Media at IBC 2024

Expertise AI-Media’s newest improvements at IBC 2024 and uncover why broadcasters and organisations worldwide belief AI-Media and LEXI to remodel their captioning workflows. To e book a 1:1 assembly click on HERE. For extra info, go to ai-media.television.

About AI-Media

Based in Australia in 2003, AI-Media is a pioneering know-how firm specialising in AI language and captioning workflow options. 

As a worldwide chief, AI-Media gives high-quality AI-powered dwell and recorded captioning and translation know-how and options to a various vary of consumers and markets worldwide. 

For the primary time in February 2024, AI-Media unveiled groundbreaking information showcasing the prevalence of its AI captioning product, LEXI, over conventional costlier human workflows within the dwell video market.  

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With deep business expertise and complex AI know-how to create options which streamline and simplify processes, AI-Media empowers main broadcasters, enterprises and authorities businesses globally to make sure seamless accessibility and inclusivity of their content material. 

AI-Media (ASX: AIM) commenced buying and selling on the ASX on 15 September 2020.   

Go to Speechmatics at IBC 2024

Be a part of Speechmatics at IBC 2024 and discover the newest developments in Computerized Speech Recognition (ASR) know-how. Uncover why main broadcasters and organizations like AI Media belief Speechmatics for real-time, correct, and scalable ASR options. To schedule a 1:1 assembly, click on HERE. For extra info, go to speechmatics.com

About Speechmatics

Speechmatics is a worldwide chief in Computerized Speech Recognition (ASR) know-how, trusted by the largest manufacturers within the media and broadcasting business. Our cutting-edge ASR options ship the bottom latency and highest accuracy available in the market, offering broadcasters with the quickest, most dependable real-time transcription providers out there.

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Pioneering Innovation in ASR: We constantly push the boundaries of ASR know-how to make sure our clients keep forward. Our options not solely seize spoken phrases but additionally acknowledge audio occasions resembling laughter, applause, and music, setting us other than the competitors.

We’re excited to introduce Ursa 2, our newest breakthrough mode, providing an 18% discount in errors throughout 50 languages, together with enhanced assist for Arabic dialects, Irish, and Maltese—bringing our language protection to all 24 official EU languages. With latency decreased to underneath 1 second, Ursa 2 enhances real-time transcription at lightning-fast pace with out compromising accuracy.

For broadcasters and organizations aiming for precision and pace of their captioning workflows, Speechmatics is the go-to alternative.

Media Contact: Fiona Habben – Fiona.habben@ai-media.television

A photograph accompanying this announcement is on the market at https://www.globenewswire.com/NewsRoom/AttachmentNg/5929ce95-d0a8-4632-a788-8e90065db860

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