- AI translation company DeepL has announced plans to cut around 250 jobs as part of a restructuring effort aimed at transforming the company into an “AI-native” organization. The move comes after DeepL introduced a new specialized large language model (LLM) designed for enhancing text translation and editing quality.
- DeepL, known for its competitive pricing and high-quality translations, is pivoting to build a more AI-centric business model following the acquisition of Hyperscience in July 2023. This strategic shift aims to capitalize on the growing demand for AI-driven solutions across various industries.
- The layoffs are expected to impact multiple departments within DeepL, including those responsible for customer support and translation services. The company claims this move is necessary for aligning with its new vision of becoming a leader in AI-native technology, positioning itself as an industry leader in the evolving field of machine translation.
Originally published at the-decoder.com. Curated by AI Maestro.
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