AI and humans bring down prices – Part 2

AIThe partnership between human expertise and AI is at the core of our HumanAI product, which ensures that translations are not only accurate but also culturally and contextually appropriate.

HumanAI, our cutting-edge product, seamlessly integrates human expertise with advanced AI algorithms to deliver unparalleled translation quality. By leveraging the strengths of both human translators and AI, HumanAI ensures that every translation is not only accurate but also culturally and contextually appropriate. 

The AI component handles the initial translation, utilising vast language models trained on diverse datasets. Human translators then meticulously review and refine the output, correcting any nuances that the AI might miss. This collaboration drastically reduces the time and effort required for translations, while maintaining the highest standards of quality.

The impact of HumanAI on costs has been remarkable. For Language Service Providers (LSPs) and our customers alike, the combination of AI efficiency and human oversight has brought down translation costs by an astounding 90%.

The AI handles large volumes of text quickly and efficiently, reducing the need for extensive manual labor. At the same time, the human review process ensures that the quality remains top-notch, preserving brand identity and customer satisfaction. This cost reduction is passed on to our customers, making high-quality translations more accessible and affordable than ever before.

So our new product has brought down costs by 90% and so that should be an amazing thing for us and an amazing thing for our customers, right? But customers still think it’s too good to be true. Surely we are cutting corners by automating the process with technology?

Their brand content, and especially their brand identity, is dependent on the highest possible translation quality
. Surely, at AI-created bottom prices this is going to suffer?

In some ways I can see their point and it’s not just about lower price points. High-profile data scandals, such as the Cambridge Analytica scandal, have eroded trust in companies’ ability to safeguard personal information and, more importantly, their brand identity

Despite these challenges, we know that customers are warming up to AI-driven experiences. As AI technology continues to evolve and become more sophisticated, we are innovating the customer experience. This has to happen from the top and then communicated to our sales teams.

By educating customers about the benefits of AI and addressing their concerns upfront, we are fostering trust and confidence in AI-driven solutions. In the realm of pricing, AI has revolutionised traditional pricing strategies and driven down costs for consumers.

Dynamic pricing algorithms analyse market trends, competitor pricing, and consumer behaviour in real-time to offer the most competitive prices. This not only benefits consumers by ensuring they get the best deals, but also enables businesses to maximise profitability and efficiency.

However, the challenge lies in convincing customers of the fairness and transparency of dynamic pricing models. Concerns about price discrimination and algorithmic bias are legitimate and must be addressed by companies such as ours.

Implementing safeguards such as price transparency policies and regular audits of pricing algorithms can help mitigate these risks and build trust among consumers.

In conclusion, while AI has the potential to bring prices down and enhance the overall shopping experience, convincing customers of its benefits remains a significant hurdle. 

However, by striking the right balance between generative AI and human interaction and prioritising transparency and communication, we are unlocking the full potential of AI in driving down prices and delivering value to customers.

It’s the only way to do business in 2024 and we know that eventually our customers will trust and embrace generative AI as much as we do.

AI And Humans Bring Down Prices – Part One

(Written without AI by Frederik R. Pedersen, Founder and CEO, EasyTranslate

human

Human beings, not AI, love to put themselves on a pedestal, they believe that all sentient life devolves from them and they are, literally, the best things on the planet. Look at the furore surrounding generative AI and how humans have reacted to its evolution.

Time perhaps thinks otherwise. In the age of the Anthropocene, humanity now has become the problem and that pedestal has never been so weak. Those ‘machines of loving grace’ as espoused by the American poet Richard Brautigan have never seemed more attractive. We need to be saved from ourselves perhaps.

I’m the CEO and founder of a translation platform and recently spoke to TechCrunch about how EasyTranslate is augmenting Large Language Models (LLMs) with human expertise to gain an edge over pure AI translation services.

‘Human quality’ in translation was always high level, but not without mistakes. I believe that the standard for on-brand (strategy) translation will be a perfect meld of human and AI. Humans-in-the-loop and AI-in-the-loop.

But let’s look at the bigger picture away from my silo of translation and why such a relationship between AI and human works in every business and why the challenges, especially customer perception, need to be addressed all the way to sales teams. 

In the ever-changing world of ecommerce, the advent of generative AI has revolutionised the way businesses operate. From predictive analytics to personalised recommendations, AI is a game-changer in optimising processes and cutting costs.

However, despite its potential to bring prices down, convincing customers of its benefits remains a challenge. In recent years, AI has permeated various sectors from e-commerce giants to brick-and-mortar stores. 

Retailers are leveraging AI-driven solutions to streamline operations, enhance customer experiences, and ultimately, drive sales. 

So far, so predictable, but as is usually the case with new technologies, it takes time for everything to align and for the real implications to emerge. Those teams that drive sales have another challenge and that is to convince customers that AI-powered price deductions are a real thing and not a race to the bottom.

Take Amazon, for instance, a pioneer in AI-powered retail. The tech behemoth employs algorithms to analyse customer data and tailor product recommendations, leading to increased conversion rates and customer satisfaction.

Moreover, AI-driven pricing strategies enable dynamic pricing, allowing retailers to adjust prices in real-time based on demand and market conditions. Yet, despite the evident advantages of AI in reducing costs and improving efficiency, customers remain sceptical.

One reason for this scepticism is the perceived loss of human touch. Traditional shopping experiences, characterised by face-to-face interactions and personalised services, are increasingly being replaced by automated processes and algorithms.

As a result, some consumers feel alienated and disconnected from brands, preferring the familiarity of human interaction over AI-driven interactions.

Furthermore, concerns regarding data privacy and security pose additional hurdles in convincing customers of AI’s benefits. With AI systems relying heavily on vast amounts of data to make accurate predictions and recommendations, the issue of data misuse and breaches looms large.

As the founder of a translation company that has used generative AI to transform our business and previously stated, I have always been an adherent of humans-in-the-loop and believe the juxtaposition of humans and AI to be the perfect way to service our customers.

However, human translation has been put on a pedestal in spite of machine learning being part of the process for more than a decade. 

Our sales teams know that humans prevent AI error and AI prevents human error – it is the perfect blend. It is better than it has ever been for translation, but we still face challenges in our customers’ perception of AI.

Based on 250,000 translated words, humans only edit a minority of the content, but they are paid to look through everything. And human quality, how good is that actually? 

Our data shows that humans make one mistake per 200 words, based on 2.000 random QA covering more than a million words. Generative AI completely fixes that and it has completely revolutionised the cost of doing so.

This transformation in the translation process has also paved the way for a new role within our industry—Language Leads. As AI takes on more of the repetitive tasks in translation, the role of human translators has evolved from merely converting text to overseeing and guiding the entire translation workflow. 

Language Leads now play a strategic role, ensuring that the overall quality and efficiency of translations meet the highest standards. They work closely with AI systems, not just to correct errors but to refine and enhance the AI’s capabilities over time. 

This partnership between human expertise and AI is at the core of our HumanAI product, which ensures that translations are not only accurate but also culturally and contextually appropriate.

HumanAI, our cutting-edge product, seamlessly integrates human expertise with advanced AI algorithms to deliver unparalleled translation quality. By leveraging the strengths of both human translators and AI, HumanAI ensures that every translation is not only accurate but also culturally and contextually appropriate. 

The AI component handles the initial translation, utilising vast language models trained on diverse datasets. Human translators then meticulously review and refine the output, correcting any nuances that the AI might miss. This collaboration drastically reduces the time and effort required for translations, while maintaining the highest standards of quality.

The Hof and PlanetPlay make Green Tuesday Moves

hofLegendary actor and singer David Hasselhoff – AKA ‘The Hoff’ – has joined the world’s leading video game studios in supporting not-for-profit PlanetPlay’s ever-growing Make Green Tuesday Moves (MGTM) initiative.

This enables players to make a real-world impact in the fight against climate change. which enables players to make a real-world impact in the fight against climate change.

Starting today, Tuesday July 2nd 2024, each participating game is launching specially created green items featuring The Hoff, which will be exclusive to the MGTM movement and remain live until the next monthly activation begins

Proceeds from the sale of The Hoff’s content – which can comprise new and/or upcycled DLC goods such as characters, skins and items – will be invested into fully certified sustainability projects by PlanetPlay’s eco-donate platform.

Watch these exclusive video messages from The Hoff, explaining how MGTM works and why he’s backing the initiative: Video #1 | Video #2 | Video #3

The Hoff, star of global smash hit TV series’ Knight Rider and Baywatch, is proud to be MGTM’s first ‘Star of the Month’ from the world of entertainment, supported by a huge social media campaign, helping to inspire gamers all around the world to ‘Make Green Tuesday Moves’.

Among the games featuring The Hoff’s green DLC as part of July’s MGTM are Avakin Life (Lockwood Publishing), Bowling Club (Boombit), Car Driving School (Boombit), Cook & Merge (Supersolid), Crazy Defence Heroes (Animoca Brands), Darts Club (Boombit), Dawn Of Ages (Boombit), Fishing Clash (Ten Square Games), Hunt Royale (Boombit), Nitro Nation (CM Games), Peridot (Niantic), Piper Pets Cafe (Tripledot), Solitaire (Tripledot), Subway Surfers (SYBO), The Great Ocean (Actrio), Tile Dynasty (Tripledot), Top Drives (Hutch), Train Station 2 (Pixel Federation), Triple Title (Tripledot) and Wooduku (Tripledot).

For a full list of MGTM games & partners click here.

Google is also supporting the innovative MGTM movement with a dedicated page on the GooglePlay app store, featuring an overview of the mission, a showcase of The Hoff’s videos, and all participating games from July 2-15 across all English-speaking territories.

These games collectively have over 36 million daily players1, with games that have been played over 4 billion times2.

All gamers need to do to get involved in MGTM is harness their #PassiveActivism, by continuing to play the games they love to contribute to amazing sustainability causes – all supported by The Hoff!

These sustainability causes include the Hongera Project, which helps families in Kenya improve their living conditions by manufacturing and distributing clean cookstoves, and the WAI Wanaka water conservation project in New Zealand.

For more information about PlanetPlay and Make Green Tuesday Moves, click here.

The Hof said: “As someone who has spent years entertaining audiences around the world, I know the power of influence. Climate change isn’t just a distant threat; it’s here and now. By joining the Make Green Tuesday Moves initiative, we can turn our everyday gaming into a force for good. Let’s make every play for our planet. Together, we can create a legacy of sustainability for future generations. Stay cool, stay green, and make a difference!”

Jessica Jung, Product Manager for Peridot at Niantic, said: “We’re excited to partner with PlanetPlay for initiatives like Make Green Tuesday Moves. At the core of Niantic’s mission, we believe that we can leverage the power of gaming to help people get outdoors, healthier, and meet new people. It’s amazing when this mission can also work in tandem to make for a greener planet.”

Tamzin Taylor, Head of Google Play Partnerships, Western Europe, said: “PlanetPlay’s Make Green Tuesday Moves initiative is a fantastic example of how the games industry can leverage its massive reach to make a positive impact. We’re proud to support MGTM by featuring it on the Google Play store, making it easier for millions of gamers to get involved and play for the planet.”

Rhea Loucas, CEO at PlanetPlay, said: “The Make Green Tuesday Moves initiative embodies the incredible potential of the games community to drive meaningful change. With David Hasselhoff as our first ‘Star of the Month,’ we want to inspire millions of players to join our mission to help keep global warming below the 1.5 degree threshold. I also want to welcome all our new studio partners, who are integrating sustainability into their game experiences to empower players to contribute to real-world environmental solutions. We are thrilled to have The Hoff on board and can’t wait to see the impact this collaboration will achieve.”

About PlanetPlay

PlanetPlay, the first climate conscious games marketplace, is a not-for-profit digital platform that allows everyone around the world to contribute to climate action through in-game purchases and gameplay with affiliated game studios. PlanetPlay is a unique platform through which to inspire, educate and mobilize players in support of the planet. The games industry has enormous potential to support positive climate action globally. Having driven over $2.2 million in climate project funding in its first year, PlanetPlay is partnering with the world’s forward thinking games studios to fight the climate crisis and are constantly developing new initiatives to launch. For more information, visit www.planetplay.com

Sphaira plays for climate changes

SphairaSphaira Innovation is one of those climate nonprofits that have teeth, not a charity that is sitting on the fence.

There is little doubt that climate change is having an increasing effect on the health and lifestyles of humans on our planet. According to the UN, 2023 saw the warmest year on record with the global average temperature ‘1.45°C above the pre-industrial baseline’.

We are seemingly careering towards the 2°C limit that was agreed at COP21 in Paris and precariously close to the 1.5°C that world leaders have subsequently set as a figure that must not be breached by the end of the century.

Naturally, everybody is trying to save the world. Extraordinary nonprofits such as Friends Of The Earth and Greenpeace have their own particular approaches to doing so and there are any number of global guerilla groups that are more strident in their exploits in making the world aware of this global catastrophe.

Others are trying to do it in a different way and in the process stretching the concept of what a nonprofit does and how it can work in the most efficient and commercial way.

One such nonprofit is Sphaira Innovation, which is bringing people power and technology together to make positive change. It does this by leveraging a platform through which consumers can contribute to combating climate change while enjoying their usual entertainment, such as playing a game.

Sphaira recently tasked its auditors EY to examine the ways the effectiveness of eco-donate platforms can be measured, particularly how  nonprofits can grow and do good things by harnessing technological innovation.

To that end, last week Sphaira acquired videogames market insights specialist Playmob. The deal, for an undisclosed sum, creates a formal relationship between Playmob and Sphaira’s PlanetPlay, which is bringing the games industry and players together to fight climate change, including working closely on initiatives with the UN Development Programme.

Playmob CEO Jude Ower now becomes Chief Strategy Officer of Sphaira UK and will be working with Sphaira CEO Rhea Loucas to take the new entity to the next level.

Playmob has previously worked closely with PlanetPlay on the launch of the latter’s Make Green Tuesday Moves campaign, which helps games studios and players make important real-world impact in the fight against climate change.

In 2021, Ower worked with the UN Development Programme on the ‘People’s Climate Vote’, the biggest survey of consumer attitudes towards climate change, which was facilitated through Playmob’s game insights platform and reached 33 million gamers worldwide. The survey had 1.2 million validated votes in 50 countries around the world.

Recently returned from the UK Government’s Department for Business & Trade GREAT FUTURES event in Riyadh, where she discussed how the UK video games industry can work with Saudi Arabia in areas such as gaming and sustainability, Ower has always been interested in taking games beyond entertainment. 

“I had always loved games and played a lot when I was younger,” she explains. “At University I created a startup with friends, developing games for education and training. To me this was the ‘aha’ moment of games being used beyond entertainment. 

 “This then led to thinking about how games can be used to turn online actions into offline impact, at a time when social gaming was starting to boom. The new model of free to play (this was pre-mobile and mainly on Facebook) was opening up opportunities to bring in millions of players, and monetise through micropayments, giving a % of this to good causes.”

 In 2012, and after running a number of activations with the likes of EA, Ubisoft, Rovio, Niantic, Pixelberry and others, Ower discovered that there was a great opportunity to engage with players at scale and learn about what they care about.

 Six years later in 2018, the UN approached Playmob with its Climate Promise initiative and began exploring how they could use games to enable players to speak up on climate action, so they could then give that data to world leaders to help inform their climate policy decisions. 

 Playmob developed a playable ad for the UN called Mission 1.5, and rolled this out to over 60 countries, reaching 33 million people and gaining 1.2 million validated votes. This was the world’s largest ever study on climate attitudes. 

Under the Sphaira Innovation umbrella, Ower will once again be working with the UNDP to find out whether people consider climate change to be a global emergency, and how they would like their countries to tackle the issue.

At a time where we hear so much about climate change, but are unsure what to do and in some cases face climate anxiety, we are offering something that really engages a mass population,” adds Ower.

“Because of this want and need, we see incredible results for participating games studio partners, such as new players, deeper engagement, re-engagement, monetisation and more virality. Even with in-game surveys we see around 60% engagement and 50%+ completion.”

 As Sphaira continues to scale by means of other partnerships in the USA/MiddleEast/Asia, proving how a nonprofit can grow by acquisitions and innovations that other major charities and non profits may find difficult, Loucas and Ower will have a crucial role to play at the highest-possible level in implementing those aims.

Together they may be two of the special few who will actually help save the world.

CarCloud Q&A – Geoff Turral, Co-Founder

carcloudWelcome to Mob76 Outlook and its readers, Geoff. Can you tell us a bit more about CarCloud?

Thanks for having me. We’re based in the UK but we’re addressing a problem that impacts and affects a global audience.

We are using technology and content to flip car ownership from legacy (sales commission-driven) distribution to customer-led informed and confident decision-making. 

We are disrupting an industry that has needed to be updated for a long time and solving a problem that impacts a global audience.

Our current Seedrs raise is 115% subscribed and we’re confident we can add to that substantially before the deadline later next month.

Can you go into a bit more detail?

There are three compelling external factors that make owning a car financially onerous.  Firstly, average UK car ownership costs £482 per month, and while money can be switched from mortgages to energy and broadband, this huge monthly cost is resolutely sticky.

Secondly, the insane price of insurance. It is up 58% year on year and is still rising. For most, the increases make no sense at all versus their record, risk profile and driving behaviour.

Finally there is the disgrace of car finance mis-selling – historic commission gouging and PCP intervention with the Lloyds Banking Group making a £450 million provision for compensation.

How are you righting these three terrible wrongs?

CarCloud’s mission is to deliver the lowest possible monthly car costs to the world’s car drivers. Our customers tell us that every time they engage with car ownership services providers, it feels like they are taking a pen knife to a gunfight. 

The odds are stacked against them and they understand that short-term commission trumps their longer term needs, for a key (and increasingly expensive) part of their lives.

Owning a car is becoming increasingly complex, because it’s a revenue magnet. Rather than addressing car ownership as an interconnected whole, drivers get sliced into multiple revenue streams.

For most, car ownership is all over the place – a V5 in a drawer, insurance documents in a glove box, another box file full of paper receipts, searching emails to work out who it’s insured with and so on.

CarCloud solves the problem by putting car in one (digital) space and using our industry insider insights to save customers time and money. We combine vehicle, driver and behavioural data with industry insider insight, to deliver an intuitive ‘in one place’ solution.

What’s the business model?

CarCloud provides web and app car ownership services via a freemium model. We give users peace of mind, ensuring they never miss a key date (7.1 million drivers missed their MOT in 2023 by an average of 3 weeks).

We combine car, driver and behavioural data to eliminate the need to fill overlapping forms and getting rid of the frustration of being forgotten beyond the point of sale.

Now walk me through the user experience

    • Enter registration
    • Complete account (form or social sign-in)
    • You have access to your ‘garage’ and you never miss a key ‘stay legal’ date
    • Add up to three cars for free
    • CarCloud MultiCar subscription (£4.99 pcm) 
    • CarCloud pre-populates car and driver data to take time and hassle out of buying the stuff you have to have to run your car
    • Access 160 insurers via our partnership with MoneySuperMarket
    • Understand your vehicle equity position with the UK’s first consumer vehicle equity calculator
  • Challenge your finance deal – refinance to stay in the same car for less or optimise finance on your next through CarCloud’s bespoke Experian automotive finance panel
  • Manage multiple family and company vehicles at home and on the go

How does CarCloud stand out from its competitors?

We have signed up more than 100,000 vehicles in 10 months, B2B Partnerships – Experian, MoneySuperMarket, Reach Media, BNP Paribas and we are addressing a market for 1-15 year old UK cars, that’s 25 million cars with a £12 billion annual spend. We’ve also just signed our first European market NDA that will be announced shortly

How much funding do you have in total?

We have raised £1.8 million and a recent second Seedrs crowdfund raised 100% in less than three days. We’re targeting a 2025 institutional round circa £2.2 million

How did you end up at this place and where do you expect to take it?

I have 30 years’s car manufacturer experience, starting at Vauxhall and ending up as CEO of Porsche GB Ireland. In those 30 years, despite the consumer tech revolution, the car industry model is stuck in a historic legacy commission driven model that creates customer dissatisfaction and ongoing frustration.

Our highly experienced team shares a driving passion to sort it out, not by transferring the car industry, but by transforming the way customers access it. We are driven by making ‘the better way car’ an accessible reality. And we’re going to make it happen.

Thanks, Geoff, if you can bring down my insane insurance rate, then you will have done me the greatest favour. Thanks for coming in.

My pleasure, thanks for having me.