Lionbridge AI is one of only two globally-scaled, managed training data and data annotation services and platform providers in the world.
Lionbridge AI is a leading and global provider of scalable data annotation services for text, images, videos, and audio. The company sources multilingual training data in more than 300 languages and dialects to build premium, ground truth data for some of the world\u2019s largest technology companies in social media, search, retail and mobile. Lionbridge AI has also developed a proprietary data annotation platform that is used in combination with a crowdsourced community of one million professional annotators, qualified linguists and in-country language speakers across six continents.<\/p>\n\n\n\n
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<\/a>\u201cThe integration of digital CX services and solutions, powered by artificial intelligence (AI) and machine learning, has quickly become a key differentiator for brands in today\u2019s experience economy, driving significant benefits by way of increased customer loyalty and satisfaction, larger market share and revenue growth,\u201d said Jeff Puritt, president and CEO of TELUS International. \u201cThe caveat is that these next-gen capabilities, such as intelligent chatbots, voice-activated virtual assistants and optimized search engines, must be trained on large amounts of accurate, reliable and unbiased data in order to be effective. With Lionbridge AI integration activities well-underway since the start of the year, TELUS International is able to meet these heightened and critical requirements while simultaneously meeting our clients\u2019 digital transformation needs across the full customer experience value chain, ultimately defining a new market category at the intersection of digital IT and digital CX.\u201d
\u201cAs part of the TELUS International family, we are already seizing the significant opportunities inherent in the merging of our firms\u2019 capabilities and services. By integrating our digital CX and AI solutions, we are further deepening the high-value relationships we enjoy with some of the world\u2019s largest and fastest growing companies across many industries,\u201d said Ed Jay, president, Lionbridge AI. \u201cWe are excited to build upon our momentum in the market as the prevalence of AI-powered technologies and solutions continues to grow. Together as a unified company, we will remain focused on delivering the highest-quality AI training data and crowdsourced talent to help the brands we support deliver the best, most engaging and human-informed AI experiences and initiatives to consumers.\u201d
\u201cAdjacent to supporting our clients\u2019 development and deployment of AI algorithms comes the responsibility to mitigate harmful biases that could have far-reaching ethical implications for consumers and society as a whole,\u201d continued Puritt. \u201cOur team\u2019s commitment in this regard includes fostering a diverse, experienced and tenured team of human annotators, ensuring the optimum demographic distribution for each project, and establishing clear guidelines that focus on uniformity and consistency of data labeling, but that also consider the flexibility required to address the inevitable ambiguity of real world data.\u201d
The completion of this transaction has been carried out after clearance of the acquisition by the Committee on Foreign Investment in the United States (CFIUS).<\/p>\n\n\n\n