AWS added new languages to its Amazon Transcribe product, offering speech foundation model-based transcription for 100 languages and a slew of new AI capabilities for customers.
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Business
Gold price increases by Rs2600 per tola in Pakistan
The association stated that after the increase of 2600 rupees, the price of per tola gold in the country has reached Rs2,21,000.
Karachi: The price of gold in Pakistan Wednesday recorded an increase.
According to All Pakistan Gems and Jewelers Association (APGJA), the price of per tola gold in Pakistan has increased by Rs2600.
The association stated that after the increase of 2600 rupees, the price of per tola gold in the country has reached Rs2,21,000.
Similarly, the price of 10 grams of gold has increased by Rs2,229, after which 10 grams of gold is being sold in the market for Rs1,89,472.
Business
Crude oil prices rise again in global market
According to the international media, the price of Russian oil per barrel has fallen below 60 dollars in the market.
Moscow: The crude oil prices in the global market have increased marginally after a continuous decline.
According to global media, Brent crude futures rose 03 cents to settle at $81.71 per barrel, while US West Texas Intermediate (WTI) crude futures rose 17 cents, or 0.2 percent, to settle at $76.58 a barrel.
According to experts, investors became cautious ahead of the OPEC meeting, while supply disruptions due to storms in the Black Sea boosted prices.
It is pertinent to note that after US and British crude oil in the global market, the price of Russian crude oil is also decreasing.
According to the international media, the price of Russian oil per barrel has fallen below 60 dollars in the market. The limit of 60 dollars per barrel of Russian oil has been set by the European Union, but the price of Russian oil in the market is below the specified limit.
It is also reported that the prices of crude oil are currently at the lowest level of four months, under the influence of which a large reduction in the prices of petroleum products is expected in Pakistan from December 1. However, the final announcement of petroleum product prices for the next 15 days will be made with the approval of Prime Minister.
Technology
AWS’ transcription platform is now powered by generative AI
Amazon Transcribe can now recognize 100 languages and transcribe speech-to-text with higher accuracy, the company said.
Announced during the AWS re: Invent event, Amazon Transcribe can now recognize more spoken languages and spin up a call transcription. AWS customers use Transcribe to add speech-to-text capabilities to their apps on the AWS Cloud.
The company said in a blog post that Transcribe trained on “millions of hours of unlabeled audio data from over 100 languages” and uses self-supervised algorithms to learn patterns of human speech in different languages and accents. AWS said it ensured that some languages were not overrepresented in the training data to ensure that lesser-used languages could be as accurate as more frequently spoken ones.
In late 2023, Amazon Transcribe supported 39 languages.
Amazon Transcribe improves accuracy by 20 to 50 percent over its previous version across many languages, according to AWS. It also offers automatic punctuation, custom vocabulary, automatic language identification, and custom vocabulary filters. It can recognize speech in audio and video formats and noisy environments.
The Verge reached out to AWS for information on which foundation models it used for Amazon Transcribe.
With better language recognition, AWS said advances with Amazon Transcribe also bleed into better accuracy with its Call Analytics platform, which its contact center customers often use. Amazon Transcribe Call Analytics, now also powered by generative AI models, summarizes interactions between an agent and a customer. AWS said this cuts down on after-call work creating reports, and managers can quickly read information without needing to go through the entire transcript.
Of course, AWS is not the only company offering AI-powered transcription services. Otter has been providing AI transcriptions to consumers and enterprises for a while and released a summarization tool in June. While not exactly the same, Meta announced it is working on a generative AI-powered translation model that recognizes nearly 100 spoken languages.
AWS also announced additional capabilities to its Amazon Personalization product, which allows clients to offer products or show recommendations to customers, like how streaming services can suggest new shows based on previous activity. AWS added Content Generation, which will write titles or email subject lines to thematically connect recommendation lists.
Correction, November 28 3:20 PM PT: Corrected to reflect the number of languages supported by Transcribe in 2023 and clarified accuracy information.
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