Verbit, an Israeli AI transcription startup, has launched a new version of its AI transcription platform called Legal Real-Time, specifically designed for use in the courtroom. The platform aims to provide accurate and reliable real-time transcriptions for legal proceedings at a fraction of the cost of traditional stenography. Verbit already provides automated captioning and transcription services to over 2,000 businesses worldwide. Legal Real-Time covers depositions, hearings, arbitrations, examinations, trials, and other legal proceedings, delivering immediate rough drafts and expedited final transcripts. Verbit's technology is used globally to transcribe almost 4 million hours of speech a year in 51 languages. The company is valued at $2 billion and is considered one of Israel's unicorns [51aafa6d].
This new development aligns with Verbit's focus on leveraging AI technology in the transcription industry. The launch of Legal Real-Time demonstrates Verbit's commitment to providing efficient and cost-effective transcription solutions for the legal sector. By offering real-time transcriptions and expedited final transcripts, Verbit aims to streamline the legal process and improve accessibility to accurate legal records. With its extensive experience in AI transcription, Verbit is well-positioned to meet the increasing demand for reliable and efficient transcription services in the legal field [51aafa6d].
Verbit's Legal Real-Time platform is expected to have a significant impact on the legal industry by replacing traditional court reporters with AI technology. The platform's ability to deliver real-time transcriptions and expedited final transcripts can greatly enhance the efficiency and accuracy of legal proceedings. Moreover, the cost-effectiveness of the platform compared to traditional stenography makes it an attractive option for legal professionals. Verbit's AI transcription technology has already gained traction globally, transcribing millions of hours of speech in multiple languages. With the launch of Legal Real-Time, Verbit aims to further solidify its position as a leader in the AI transcription industry [51aafa6d].
Versaterm, a global leader in public safety solutions, has also made advancements in the field of AI technology. They have expanded their AI-powered non-emergency reporting solution to other industry records management systems (RMS) under a new name, Versaterm CommunityReport. This solution allows the public to easily submit non-emergency reports via a mobile app or web, reducing the workload for emergency call centers and law enforcement agencies. Versaterm's CommunityReport is now compatible with third-party RMS, aiming to improve community engagement. To provide more information on the solution, Versaterm will host an educational webinar on June 26, 2024 [1ae9b074].
The launch of Versaterm CommunityReport demonstrates Versaterm's commitment to leveraging AI technology to enhance public safety. By expanding their non-emergency reporting solution to other RMS, Versaterm aims to increase accessibility and streamline the reporting process for the public. This advancement in AI technology has the potential to revolutionize the way non-emergency reports are handled, reducing the burden on emergency call centers and law enforcement agencies. Versaterm's expertise in public safety solutions positions them as a leader in the industry, and the expansion of their AI-powered solution further solidifies their reputation [1ae9b074].
Herzliya-based aiOla has won the 'Best Speech to Text Solution' at the 7th annual AI Breakthrough Awards. The startup's voice-capture technology combines natural language processing (NLP) with automatic speech recognition to recognize over 100 languages, including slang and jargon, even with accents and background noise. aiOla's solution aims to automate business workflows, reduce operational costs, and increase production in various industries. The company beat more than 5,000 nominees from over 20 countries to win the award. The CEO of aiOla, Amir Haramaty, expressed gratitude for the recognition and highlighted how their solution can adapt digital and paper processes into AI speech-driven systems, enhancing workflow efficiency [4178a85b].
The recognition of aiOla's voice-capture technology at the AI Breakthrough Awards highlights the significant advancements in the speech-to-text industry. By combining natural language processing and automatic speech recognition, aiOla's solution offers accurate and efficient transcription capabilities in over 100 languages, including slang and jargon. The ability to adapt digital and paper processes into AI speech-driven systems can greatly enhance workflow efficiency across various industries. Winning the 'Best Speech to Text Solution' award further solidifies aiOla's position as a leader in the field and showcases the potential of their technology to revolutionize business workflows [4178a85b].