Latest news with #AkshatPrakash
Khaleej Times
21-04-2025
- Business
- Khaleej Times
UAE among few places in world where businesses want to relocate, say AI startup founders
Artificial intelligence (AI) is still considered 'a fancy word' in some parts of the world, but the UAE means business and is leading in building solutions for the region and the world, said industry players. Speaking during the Dubai AI Week on Monday, the startup founder said Dubai and UAE are among the few places in the world where companies want to relocate amidst global geopolitical issues. The ongoing tariff war between the US, China, and other countries has caused uncertainty globally in terms of policies and taxes. The UAE enjoys the status of a tax haven as there is no income tax in the country. 'Dubai has always been early when it comes to AI. The UAE set up the Ministry of AI before anywhere else on the planet. It shows the maturity and insight into what this region is thinking about. "As we have grown, what good I've seen is that the UAE ecosystem has started moving away from fancy to real business use cases, which will matter a lot. There are zones and hot spots in the world where AI is still a fancy word. It's refreshing to see that in the UAE, it's a means of business, and this is the ecosystem that we want to integrate,' Akshat Prakash, CTO and co-founder of said during a panel discussion at the Dubai AI Week on Monday. Prakash added that the UAE is the best amalgamation of the Eastern and Western worlds, culturally and geographically, because it is a highly multicultural society .'Geographically, given the political climate of the world, there remain few places that you want to relocate to and build a company. To state very unapologetically, if you look at Asia, Europe, Africa and other regions, Dubai stands out in terms of attracting talent. When we relocated to Dubai, nobody said 'no' to relocating here in our team. Cultural and geographical aspects are strong that put Dubai at the forefront and next hub for AI,' co-founder said during the panel discussion. Nuha Hashem, co-founder of CozmoX AI, said during the dotcom era, there was a gap in terms of adopting technology in this part of the world. 'What you see in terms of technology companies here, they started building AI even before it became a hot topic. They are not just building solutions for region but for global audiences. We are seeing a shift where the gap is becoming smaller. Dubai is doing the right thing by attracting talent to build AI solutions here. They have resources and opportunities to build the future right from the region,' she said during the panel discussion on the topic of 'Fueling the Future: Investing in AI Startups within Dubai's Ecosystem.'
Yahoo
13-02-2025
- Business
- Yahoo
Legible & CAMB.AI Unlock New Revenue Streams with Global Multilingual Audiobook Access
VANCOUVER, British Columbia and DUBAI, United Arab Emirates, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T). On Wednesday, February 12, 2024 ("Legible' / 'Company'), and Ltd. (' signed an agreement to enhance the digital reading experience, leveraging artificial intelligence ('AI') on demand to instantly convert millions of eBooks into high-quality audiobooks in over 160 languages. This accessibility tool is poised to unlock global markets, delivering previously unavailable content to readers around the world. With millions of eBooks available across all genres, this collaboration represents an extraordinary market opportunity—hundreds of millions of hours of potential audiobook content available to readers anytime, anywhere as seamless reading and listening experiences, —enabling publishers and authors to reach international audiences with new speed, efficiency, and savings. AI-driven voice localization and instant translation technologies will be integrated into Legible's platform, enhancing the accessibility and commercial viability of every eBook. 'This is an exciting development in accessibility for books,' said Kaleeg Hainsworth, CEO of Legible. 'By partnering with we're enabling publishers and authors to create high-quality, multilingual audiobooks faster and more affordably than ever before. With this integration, books on our platform can reach new markets in multiple languages faster than ever before and can do so across any device, expanding access and revenue potential globally.' This AI-driven solution will be commercialized as a premium add-on to Legible's subscription service, and also accessible via Legible's apps, browser-based platform, and in-car infotainment systems, with revenues and savings being directly passed on to publishers and authors. This ensures a truly international accessibility offering, enhancing the reading experience for users worldwide. User Journey & Offering: Instant toggling between eBook text and audiobook mode. AI-powered voice synthesis delivering narration in over 160 languages. Publishers retain full control, ensuring opt-in participation without disruption. Traditional audiobook production costs can be substantially reduced while maintaining professional quality including tone and intonation. Voice actors can license their voices for AI-generated narrations, ensuring fair compensation and ethical AI integration. 'Legible's vision aligns perfectly with our mission to eliminate language barriers and promote global literacy,' said Akshat Prakash, CTO & Co-Founder of 'Our proprietary AI models enable publishers and content creators to instantly translate their works into multiple languages, reaching wider audiences on an unprecedented scale via Legible's platform.' By drastically lowering audiobook production costs for multiple language audiences, while maintaining voice quality, this partnership removes long-standing barriers in the publishing industry. Authors and publishers can now reach international markets in record time, tapping into new revenue potential. Legible and are committed to ethical AI use, ensuring publishers and voice actors retain full control in this ecosystem. This guarantees creative integrity, fair compensation practices, and a sustainable model for the future of publishing. About in 2022, leads content localization with a five-year foundation in advanced AI research in speech and translation. Our team comprises AI experts from top level companies and institutions. We've pioneered the zero-shot AI Dubbing platform, delivering hyper-realistic content translation in 160+ languages. empowers content creators and owners across media, sports, and education, to transcend language barriers and make content universally relatable on a global scale. About LegibleLegible is a mobile-centric global company specializing in eBooks and audiobook entertainment. Its extensive partnerships encompass four of the Big 5 Publishers, the world's largest eBook distributor, and a wide range of outstanding and innovative publishers of all sizes, enabling Legible to seamlessly deliver millions of multilingual eBooks and audiobooks, transforming any smart device into a source of cutting-edge infotainment. Legible is advancing mobile-centric eBook and audiobook experiences with interactive AI-driven content in Living Books, including comics and manga. Legible's recent release, FrankensteinAI, third in the Company's AI Classics series, reimagines Mary Shelley's masterpiece with animated AI art developed by digital artist Remo Camerota and immersive character-driven AI chat, offering readers a uniquely engaging journey through the classic horror tale. Legible is also the exclusive publisher of the My Model Kitchen series of video-enriched Living Cookbooks by former supermodel, talk show host, bestselling author, and celebrity chef, Cristina Ferrare, with an embedded AI Sous Chef for each recipe, which have been featured three times on the Drew Barrymore Show and in many other major US media outlets. As a first mover in the rapidly expanding automotive infotainment market, Legible has partnered with media providers Appning by FORVIA, Harman Ignite, LiveOne, ACCESS Twine4Car, and Visteon. Legible has the only Android Automotive app with the capacity to deliver both audiobooks and eBooks to drivers and passengers into tens of millions of vehicles around the globe, positioning Legible at the forefront of the new world of in-car infotainment experiences. The 2024 EdTech Breakthrough Award winner for eLearning Innovation of the Year, Legible is reshaping the digital publishing landscape, committed to gaining a significant market share by providing innovative 21st-century publishing solutions and enriching global reading experiences. Becoming a member of Legible Unbound for only US$9.99 provides readers access to unbeatable value on unlimited reading and listening, plus exclusive member-only access to Legible's unique Living Books. Please visit and discover the place where eBooks come to life. Contacts Legible Deborah Harford, EVP, Global Strategic PartnershipsTel.: +1-604-283-2028Email: invest@ Krupp Kommunications, Kathy Giaconia, VP Media RelationsTel.: +1-213-324-5665Email: kgiaconia@ Grigorij Richters, PREmail: grig@ Katie CaseEmail: katie@ Website: Cautionary Note Regarding Forward Looking InformationThis Press Release contains certain statements which constitute forward-looking statements or information ('forward-looking statements'), including statements regarding Legible's business. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Legible's control, including the impact of general economic conditions, industry conditions, currency fluctuations, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Legible believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. As such, readers are cautioned not to place undue reliance on the forward- looking information, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Legible does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary in to access your portfolio
