Microsoft makes strides in direct speech translation, we hope to see it in Windows Phones (video)

It is essentially on-the-fly converting of your words to a different language, and with your own voice to boot. It is not perfect yet, and gets one in eight words wrong on average, but just think about never having to learn a foreign language, and still practice your best sarcastic remarks on the locals when they serve you food that still looks like it's moving.
Just over two years ago, researchers at Microsoft Research and the University of Toronto made another breakthrough. By using a technique called Deep Neural Networks, which is patterned after human brain behavior, researchers were able to train more discriminative and better speech recognizers than previous methods.
[...] We have been able to reduce the word error rate for speech by over 30% compared to previous methods. This means that rather than having one word in 4 or 5 incorrect, now the error rate is one word in 7 or 8.
[...] We have been able to reduce the word error rate for speech by over 30% compared to previous methods. This means that rather than having one word in 4 or 5 incorrect, now the error rate is one word in 7 or 8.
via TNW