Today's story is about Jarek Kutylowski, the CEO of DeepL. DeepL is a platform that provides high-quality machine translation and AI-based writing tools, supporting multilingual communication for businesses. It was also one of the few companies to develop a product based on AI long before AI became widely popular. Recently, it concluded a fundraising round with a valuation of $2 billion. Jarek, the CEO, moved from Poland to Germany during his childhood. He didn't speak a word of German. Although it was only a few months, Jarek remembers that time vividly. Later, after completing his PhD and working, he discovered that European companies were spending significant amounts due to language barriers. Speed was important to him, and the company grew rapidly. This video contains insights into DeepL's strategy and decision-making to stay ahead of the competition at a fast pace.

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00:00 Intro
00:56 Sponsor
01:47 Chapter 1. An immigrant who couldn't speak German
03:53 Chapter 2. Bridging Language Barriers with AI
08:33 Chapter 3. Speed Matters
11:02 Chapter 4. Choosing the Right AI: General vs. Specialized 

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Subtitles for this video were created using [XL8.ai](http://xl8.ai/) machine translation.

Jarek Kutylowski, founder and CEO of DeepL, shares the story of building a successful AI-based translation startup valued at $2 billion. He emphasizes the importance of speed in bringing innovative solutions to market and scaling the business. DeepL's free translation service has grown to serve hundreds of millions of users monthly and over 100,000 companies. Kutylowski also discusses the significance of choosing the right type of AI model—general purpose or specialized—for different business needs, focusing on delivering consistent quality and efficiency.

How I built $2B AI Translation Startup | DeepL, Jarek Kutylowski