This article discusses a new method of machine translation that seems significantly superior to the two primary methods used today. It is able to cut human translation speeds by one half (to achieve accuracy of a human translator), but it also does very well before it is fine tuned by a human. It requires more processing power than current machine translators, but as processing power improves exponentially, Meaningful Machines assumes this will not be a hurdle within a year. This article gives some good history on machine translation, where it is today and of course how Meaningful Machines fits into the landscape. I can wait for these to be perfect translators. How fun would it be to be able to travel the world and have the language barrier removed (besides all the practical uses in business and government)!
http://www.wired.com/wired/archive/14.12/translate_pr.html
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