DeepL CEO Plays Down IPO Talk, Citing Advantages of Staying Private

According to Tech.eu, Kutylowski said public markets are currently a difficult environment for AI and technology firms, pointing to major shifts in the markets this year. He said he values stability in a company's development and does not view listing as an easy option for an AI company at present, particularly ahead of the planned listings of larger players in the sector. He added that he expects considerable turmoil and potential knock-on effects depending on how the market moves.

DeepL provides AI-based text translation and voice-to-voice translation services. In the same podcast, Kutylowski discussed European sovereignty, the company's acquisition of Mixhalo, its deal with the legal technology firm Harvey, job cuts, and the response to its decision to use Amazon Web Services rather than processing data solely on its own servers.

OpenAI says its new Grid Protectors Program will cut data center electricity use during peak periods, with testing underway in Georgia.