Real Life Babelfish being developed?

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The 'smart earpiece,' as the company calls it, and corresponding app, uses speech-recognition technology to translate in real time, so that two people speaking different languages can have a conversation without missing a beat.

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Of course, in order for the technology to work, both people need to be 'hooked up,' so to speak—which is why the set comes with two earpieces, one for each participant. The idea is that when language gets in the way, both people would put in an earpiece and speak in their preferred tongue.

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