Artificial Intelligence (AI) is an ever-growing industry with vast potential for future applications in various fields.
As major technology companies continue to invest in research and development, the demand for AI and the need for language expertise to ensure its success will only increase.
Recently, Jane Nemcova, COO at Veuu Inc., spoke as part of Lion People Global’s new series “End Game: Growth Solutions Masterclass” to share her insights on the future of the AI market and the role of language experts in its development.
While the overall size of the AI market is difficult to quantify due to the many different categories that fall under its umbrella, it is clear that the potential for AI is enormous, amounting to billions of dollars.
One of the key drivers of this growth is the investment that major technology companies have made in AI.
These companies have built their entire product suites around AI and are continuing to invest in research and development to find new applications for the technology. While we can’t predict exactly where this investment will lead, it is clear that there is a growing demand for AI in many areas of our lives.
Jane also noted that there are different categories of data that have varying levels of demand. Some workflows and types of data are well-established and will always need to be refreshed on an ongoing basis, while new technologies such as natural language processing and speech recognition rely more on the quality of the data than the quantity.
As these technologies become more sophisticated and widely used, there will be an increasing need for language expertise to help ensure their success.
In fact, as the AI industry enters its next phase of development, which Jane describes as “generative AI,” the role of linguists and other language experts will become even more critical.
While AI is currently able to generate a significant amount of content on its own, it still lacks the contextual and cultural knowledge that is necessary to produce truly meaningful content.
As a result, linguists will play a key role in developing AI systems that can accurately interpret language and understand its cultural context. This will require a deep understanding of not just the language itself, but also the nuances of different cultures and domains.
As AI systems become more sophisticated, linguists will also need to adapt to new technologies and data formats to ensure that they are able to work effectively with these systems.
Overall, the potential of the AI market is vast and growing, and the need for language expertise will only increase as the technology becomes more sophisticated. While the exact nature of this demand may change over time, it is clear that linguists and other language experts will play a critical role in ensuring the success of AI systems.
As the industry continues to evolve, it will be important for linguists to stay up-to-date with the latest developments and to be prepared to adapt to new challenges and opportunities.