Business

Study Finds Spanish Language Sales increased after Ebay added AI Translations

Published

6 years ago

May 20, 2019

In 2014, ebay had introduced AI translations for its product listings. And as per a recent study conducted by MIT and Washington University, this translation increased the sales from US to Latin American Nations that speak Spanish. To reach the conclusion, the data was taken from ebay. And it was found that the translation service by ebay reduced the language barriers, thereby making it easy for sellers and buyers to communicate.

Same case has also been observed with many other eCommerce platforms that cater to numerous customers speaking different languages. And it has also been highly recommended for other businesses as well to look into the translation services in order to reach a wider audience. For that regard, many experts have recommended Translation Services Singapore, based on the excellence they portray through their translation projects.

These services do much better work than automatic translations, which has also been observed in the case of ebay. Before 2014, it had enabled automatic translation options, which were not working efficiently. After it activated Artificial Intelligence translations, the sales went up by around 10%. Though there was no change in product descriptions by AI translations, but it helped translate search queries, as well as listing titles. And that accurate translations helped improve the sales much more than automated translations earlier.

Along with just the translations, ebay had also added other localization options, such as visibility of price in local language, local deals, promotions, and so on. It proved that localization helps companies expand their business more, since this way they would be able to connect with a wider audience much easily.

Business

Derik Fay: A Multifaceted Entrepreneur, Investor, and global business leader

Published

2 days ago

March 21, 2025

Matthew Wiles

Derik Fay is a renowned celebrity entrepreneur, investor, and business leader with a diverse portfolio of successful ventures and a deep-seated passion for empowering others. His journey from humble beginnings to his extraordinary achievements is a testament to his resilience, strategic thinking, and unwavering commitment to making a positive impact on the world.

Born on November 19, 1978 and raised in Westerly, Rhode Island, Fay’s entrepreneurial spirit emerged at a young age. He founded his first large company at 22 (Around the Clock Fitness) that quickly became Floridas largest, and most successful independently owned fitness chain in the state before selling it to the publicly traded company Towns Sports International in 2109.

Sine that time he has built and scaled over 30 highly successful companies, achieving remarkable exits in the 7-to 9-figure range. His expertise spans various industries, including health & fitness, real estate, financial services, hospitality, and technology to name just a few.

Fay is also the founder and CEO of his main holding company 3F Management, (founded 2094) a venture capital and operational management firm that provides operational infrastructure, financial support, strategic partnerships, and other value add services directionally focused towards scaling and exiting.

Under the umbrella of 3F Management, Fay currently owns, is a co-owner, or is a cap table advisory member of over 40 other successful and growing brands.

Tycoon Payments, Results Roofing, BKFC, ManCandy, Fort North Media, Spintel, SendBuzz, Ritas Italian ice, FayMS Films, Eratyc Entertainment, Tycoon Funded, Pure Peptide Solutions, and 3F Financial, are just a few of the rapidly growing companies and brands that fill Fay’s entrepreneurial days.

Beyond his business ventures, Fay is a dedicated philanthropist, actively supporting various charities and causes. He is passionate about empowering the next generation of entrepreneurs and believes in the power of education and mentorship to create positive change.

Fay’s personal life is as fulfilling as his professional achievements. He is a devoted father to his two daughters, Sophia Fay (18) and Isabella Fay (16), and is engaged to his fiancée, Shandra Phillips (35) and is to be married in January 2026, in Naples Florida.

He enjoys spending time with his family, traveling, and pursuing his life long passion of health and fitness thru weightlifting and bodybuilding.

Derik Fay’s multifaceted career and unwavering commitment to excellence has established him as a respected figure in the business world, and a has gained global notoriety as role model for aspiring entrepreneurs.

His story is such an inspiration to all who seek to overcome challenges, achieve their goals, and make a meaningful impact on the world that Netflix is in post production on the documentary style film about Fays life journey from poverty to global success.