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Lionbridge Sells AI Division to TELUS for USD 935 Million – HI-COM

Lionbridge, one of the world’s leading language service providers, has sold Lionbridge AI, its data annotation business, to Canadian communications and information technology company TELUS for approximately CAD 1.2bn (approximately USD 935m).

Slator estimates the AI segment’s revenues to be around USD 200m. The unit employs more than 750 employees, according to TELUS’ press release. The deal is expected to close on December 31, 2020.

Marie CASTANOLionbridge Sells AI Division to TELUS for USD 935 Million – HI-COM
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Current situation and trends of translation technology – HI-COM

It is debatable whether the translation industry as a whole has responded to rapid globalization, but content has certainly increased as a result. Is the industry making full use of technology to improve its capabilities and maintain profitability?

Or does the explosion of so much content marginalize translation technology?

Marie CASTANOCurrent situation and trends of translation technology – HI-COM
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