There are between 30,000-50,000 members of this advanced community of global crowd contributors deployed at any one point in time. Lionbridge AI has also developed a proprietary data annotation platform that is used in combination with a crowdsourced community of more than one million professional annotators, qualified linguists and in-country language speakers across six continents. Headquartered in Waltham, Massachusetts, Lionbridge AI has more than 750 employees working from countries around the world, including in the US, Ireland, Finland, India, UK, Japan, Denmark, Costa Rica and South Korea. Data annotation is the essential process of labeling data to make it usable for AI systems, and Lionbridge AI annotates data in text, images, videos, and audio in more than 300 languages and dialects for some of the world’s largest technology companies in social media, search, retail and mobile. a privately-held company with more than 20 years of industry experience - Lionbridge AI is one of only two globally-scaled, managed training data and data annotation services providers in the world. “As a unified team and company, we will be strongly positioned to meet the end-to-end needs of today’s technology hyperscalers and industry disruptors in machine learning and AI systems to develop smarter products and services, and deliver exceptional customer experiences.”Īs a division of Lionbridge Technologies, Inc. “With the addition of Lionbridge AI, TELUS International will further progress its penetration of the fast-growing new economy services market that will enable our team to support important AI applications as demand for high-quality, multilingual data annotation continues to increase,” continued Entwistle. “We look forward to welcoming Lionbridge AI’s skilled team members to the TELUS family as we continue to elevate our world-leading customer experience and innovative technologies for the valued brands we partner with around the world.” We continue to move forward with our plans for the TELUS International IPO, which is targeted for the first quarter of 2021,” said Darren Entwistle, President and CEO of TELUS. The acquisition will add key capabilities and diversity to TELUS International’s suite of next-generation digital solutions consistent with the ongoing execution of its growth agenda. “Today’s announcement advances TELUS’ commitment to harness the power of technology to provide outstanding customer experiences on a global basis, while accelerating the digital transformation and strategic growth journey of TELUS International. Closing is expected to occur on December 31, 2020. The acquisition will be at a purchase price of approximately C$1.2 billion (approximately US$935 million) consisting of debt and equity, subject to customary closing adjustments. Vancouver, Canada - Today, TELUS Corporation (T-TSX NYSE-TU), announced that TELUS International, a digital customer experience (CX) innovator that designs, builds and delivers next-generation solutions for global and disruptive brands, has entered into an agreement to acquire Lionbridge AI, a market-leading global provider of crowd-based training data and annotation platform solutions used in the development of AI algorithms to power machine learning. Lionbridge AI to enhance TELUS International’s ability to support leading global technology brands developing the next generation of artificial intelligence (AI) and data annotation TELUS Corporation announces agreement to acquire Lionbridge AI through TELUS InternationalĪcquisition supports the evolution of TELUS’ digital transformation strategy
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