Language education business is supported by 'Openai' whose value is doubled to one billion dollars

The value of “speaking”, a beginning that uses artificial intelligence to help people learn languages, is estimated at one billion dollars to a new financing round, which doubles its evaluation compared to what it was 6 months ago. The company announced on Tuesday that it has raised $ 78 million led by the ‘Accel’ Investment Company ‘Accel’, with the participation of current investors such as the ‘Openai Startup Fund’ and ‘Khosla Ventures’ and ‘Y Komber’. According to the company, SPECT has raised $ 162 million so far. Despite the dominance of competitors such as “Rosetta Stone” and “Duolingo” in the language learning market, “Speak” is on artificial intelligence to help people achieve greater fluency in a new language. Instead of trying to turn the learning process into a game, the beginning focuses on developing real talking skills. Learning languages ​​with artificial intelligence Through the ‘Speak’ application, users can train on a new language by verbally communicating with an artificial intelligence system. The San Francisco -based speech form adapts to user dialects, allowing the application to make notes immediately. “Historically, it was the only way to effect real fluency to employ a teacher or human teacher. Until the past few years, the technology has not yet been present to build a chat partner based on artificial intelligence or software,” said Andrew Hasu, co -founder and CEO of technology. The capital collection of “Speak”, the second this year, is a bright point in the field of artificial intelligence assigned to consumers. Although new businesses in the field of artificial intelligence allocated to institutions raised $ 16.4 billion this year, artificial intelligence businesses have allocated consumers less than half of this amount, according to Pitchbook data. Speak’s income “There are many companies that chase the promises of artificial intelligence addressed to the consumer, but the opportunities in which these promises became very little real income,” according to Ben Kawazu, the partner in the company “Axel” who led the investment in “Speak” and joined the directors of directors. Speak has an income income form, as it provides a distinctive service that starts to cost $ 20 a month. CEO Connor Zwik said the company was near the achievement of profitability, and that its revenue had reached the number of millions. While the primary focus of Spic has been historically on the consumer market, it also offers solutions to companies that have become popular according to Connor Zwik. He said: “Many companies around the world pay the costs of teaching their employees in the English language, and we noticed that 8 of the ten largest work authorities in Korea chose to use service (talk for business).” The emerging company plans to use the new financing to expand in Southeast Asia, Europe and the United States, and to support most common languages ​​by the end of next year.