🤖 Meta’s New Speech and Text Translator

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Welcome back AI enthusiasts!

In today’s AI Report:

• 🔊Meta’s New Speech and Text Translator

• 💥40% of the Workforce Requires AI Reskilling

• 🛠5 Trending Tools

• 💰Venture Capital Updates

• 💼Who’s Hiring?

Read Time: 3 minutes

🗞RECENT NEWS

META

🔊Meta’s New Speech and Text Translator

Meta recently introduced SeamlessM4T, the first all-in-one multimodal and multilingual AI translation model, allowing people to communicate and understand information in any language.

Key Details:

• Speech recognition for nearly 100 languages

• Speech-to-text translation for nearly 100 input languages and 36 (including English) output languages

• Text-to-text translation for nearly 100 languages

• Text-to-speech translation, supporting nearly 100 input languages and 35 (including English) output languages

Why It’s Important:

• This AI model is Meta’s latest step in their ongoing effort to build an AI-powered tool that helps connect people across languages.

• SeamlessM4T can promote healthy cross-cultural norms, social customs, and linguistic nuances.

IBM

💥40% of the Workforce Requires AI Reskilling

An IBM study titled: “Augmented work for an automated, AI-driven world” revealed that generative AI models like Google Bard wouldn’t replace jobs but augment them.

Key Details:

• The company surveyed 3,000 C-level executives and 21,000 workers, discovering that 87% of executives expect AI to enhance their roles.

• The study also concluded that 40% of the global workforce must reskill in the next three years.

• IBM reported that leveraging AI models boosted revenue by 15% when supplementing low-level tasks.

• IBM concluded, “AI won’t replace humans—but people who use AI will replace people who don’t.”

Why It’s Important:

• This report unveiled a recent paradigm shift in desired skills. Over the past decade, STEM skills have been prioritized in the hiring process.

• Now, companies emphasize people skills like team management, effective communication, and adaptability.

• This shift in desired skills results from open-source AI models allowing employees to achieve more technical tasks with less training.

🛠TRENDING TOOLS

🚀B2B Rocket revolutionizes your sales process by autonomously navigating the entire sales lifecycle, from lead to conversion.

🗃Research Studio delivers rapid, AI-powered research analysis for UX, Marketing, and Product people.

📝Reword helps your team collaborate ethically with AI so you can write outstanding articles for your readers.

👏Klap transforms your YouTube content into digestible short videos for TikTok, Reels, and Shorts.

🎧Trint transforms audio and video files into text in 30+ languages. Tell stories faster by transcribing, translating, and editing in a single workflow.

💰VENTURE CAPITAL UPDATES

• DP Technology, a Chinese AI firm, secures $100M in the latest funding round to enhance science-based platforms.

• Prins AI raised $22M in Series A+ funding round.

• Intel agrees to drop the $5.4B Tower Semiconductor acquisition.

💼WHO’S HIRING?

• Salesforce (San Francisco, CA): Ethical AI Principal

• Bowery Farming (New York, NY): VP, Data, and AI

• Scandit (Remote, Italy): Senior C++ Engineer, Computer Vision Algorithms

🤖PROMPT OF THE DAY

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📒FINAL NOTE

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