iFlytek supports CIIE event with AI translator
iFlytek, a leading artificial intelligence firm, expects consumer business revenue to contribute half of the company’s total revenue.
Totally 2,000 iFlytek portable translators, supporting 58 languages, have been delivered to hotels and other sites in Shanghai in advance of the second China International Import Expo (CIIE).
“iFlytek wants to contribute to building a community of shared future for mankind,” said Liu Qingsheng, senior vice president of iFlytek’s consumer business.
Currently, iFlytek’s consumer business covers products like translators and robots, featuring voice recognition or translation features.
The company's consumer base is now 10 times greater than three years ago. In the long term, consumer business will account for 50 percent of the company’s total revenue, compared with about 20 percent now, Liu said during an interview with Shanghai Daily.
In the first nine months, revenue reached 6.6 billion yuan, 24.4 percent growth year on year. Net profit was 374 million yuan, 70.5 percent up from a year ago.
iFlytek’s translators will be used in 1,762 expo hotels and other CIIE sites. The Translator 3.0 supports 58 languages for real-time translation. The database covers finance, medicine, sports, trade and computing.
More than 1.6 million developers and organizations are using iFlytek’s translation services, making it smarter and more accurate, said Liu.