In the dynamic landscape of Artificial Intelligence, a promising startup located in Albania is ready to make waves. Over the year 2023, Nullius in Verba has worked on Neura, the first-ever Albanian-focused AI app that offers text-to-speech and speech-to-text services exclusively for the Albanian language. The founders recently shared insights about Neura's capabilities, features, benefits, and the challenges they've overcome in an interview for AlbaniaTech.
As a free-to-access platform, Neura offers the possibility to users to transcribe automatically voice to text and vice versa. The competitive advantage lies in the fact that the platform transcribes the content with remarkable speed and accuracy — currently achieving for the latter a staggering 95% precision in the Albanian language. Notably, they emphasized their app's superior language accuracy compared to established players like Microsoft and Google. The tool is also built to recognize punctuation and paragraph structures, and to provide transcripts for specific time frames within audio or video files.
The team acknowledges some areas for improvement, particularly dialect language and slang words, which will be a focus area in the weeks to come.
When asked about the user pool, and their reaction to the app, Ergys Malo, Co-Founder at Nullius in Verba provided the following insights:
“Neura has a tremendous potential for implementation across almost every industry in Albania. It is a very flexible solution, for both businesses and individuals, who wish to save time, money, and resources. We received so far a positive response and interest on the Albanian market, with users and clients acknowledging the high benefits of using an AI tool for automating their workflows, streamlining their processes, and utilizing their resources more efficiently.”
While the app currently excels in text-to-speech and speech-to-text, the team envisions integrating their Albanian-language model into various businesses' internal programs and systems, expanding the app's utility.
This is expected to include industries such as telecommunication, customer service, media, journalism, law firms, or public institutions.
When asked about integrating with ChatGPT, the founders clarified that their current focus is on training their own model in the Albanian language. They emphasized that the artificial intelligence models were exclusively developed by their team, with data generated entirely in-house.
The startup plans to generate revenue through various channels, including monthly subscriptions, API offerings, and customized AI web application services. While Nullius in Verba has been bootstrapped thus far, the founders expressed openness to seeking investment post-launch based on the app's performance and user adoption. Realistic data and high demand for their solution position them well for potential future investment rounds.
With Neura's launch last month, the startup appears ready to leave a lasting impact on the Albanian AI landscape, positioning the country in the spotlight of the growing adoption of Artificial Intelligence and showcasing its potential as a key player in the global AI movement.
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Nullius in Verba is the first AI startup company in Albania. Their AI solution, Neura, encompasses the most accurate, fast, and efficient Text to Speech and Speech to Text Tools for Albanian language worldwide. NIV’s goal is to empower the future of Albania through innovation and the discovery of AI solutions.
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