RealTime IT News

Intel, Lernout & Hauspie Announce Venture

Intel Corp. and Lernout & Hauspie Speech Products Thursday signed a joint venture deal to develop e-commerce and telephony solutions using the Belgian company's speech and language technologies.

The new venture will combine voice recognition tools and automated translation in computing platforms.

Intel also finalized its $30 million investment in Lernout & Hauspie, announced April 5.

"Combining Intel's leadership in the high performance, connected computing platforms together with L&H's leading technologies presents exciting possibilities for web-based products and services," said Ron Whittier, senior vice president and general manager of Intel's Content Group.

"A voice interface presents a natural, intuitive method for people to get the information they need via PCs, connected smart devices and the telephone."

"The combined technologies of L&H and Intel can to make e-commerce and other applications more attractive by supporting natural speech commands, human-sounding synthesized speech, accurate machine translation and faster, simpler data query and retrieval," said Jo Lernout, co-founder of Lernout & Hauspie.

Intel Corp. will have the majority 51 percent stake in the venture, with 49 percent held by L&H. Each company will have representation on the board of directors. The new company will be based in Ieper, Belgium and in Santa Clara, Calif.

We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.