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OpenAI-backed Speak raises $78M at $1B valuation to help users learn languages by talking out loud
Languages are typically taught by first exposing you to reading and writing, but native speakers always start learning languages by hearing and talking.
“Our 2022 investment in Speak was driven by a shared vision of revolutionizing language learning with AI,” said Ian Hathaway, a partner at OpenAI’s Startup Fund, in a statement. “Weʼre thrilled to see their world class AI talent and unique product vision create transformative learning experiences for a rapidly growing userbase worldwide.” As a guide, Hsu said Speak’s app has been downloaded more than 10 million times, and average usage is around 10-20 minutes/day, paying $20 per month, or $99 per year, typically a fraction of the price of hiring a human tutor to work on improving conversation.
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