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Israeli startup aiOla (opens in a new tab) recently won the “Best Speech to Text Solution” award at the 7th annual AI Breakthrough Awards (opens in a new tab) that recognizes the world’s most innovative achievements in the artificial intelligence industry.
The Herzliya-based company beat more than 5,000 nominees from over 20 countries to clinch the prestigious prize. Among AI Breakthrough’s previous winners are OpenAI and Deloitte.
The company’s voice-capture technology combines natural language processing (NLP), which understands human language as it’s spoken and written, with automatic speech recognition, which uses AI to process human speech into readable text.
Thanks to this advanced model, aiOla’s technology can recognize more than 100 languages, including slang and jargon, even with accents and background noise.
aiOla COO Alon Peleg is a Technion alumnus.