Solution

Listen is a New Read

Audio book development using artificial intelligence is a revolutionary technology that can assist e-book publishers in lowering production costs and shortening e-book time to market by more than 90%. We created a Text-to-Speech AI model (TTS)With Thai natural language. In general, the quality of AI voice is pretty similar to that of human reading voice.

Our methodology is to train an AI model using millions of pairs of text and speech in order to teach AI how to synthesize voice in Thai. The AI will be trained to mimic the genuine Thai language voice as closely as feasible.

After we have finished training the TTS model, we will train her to read the script of our e-book, which is in machine-readable format (ePub, text). Then, using a unique technology, we will capture our AI's voice in the form of an audio book. This significantly reduces the production time of a one audio book from weeks to minutes.

The majority of the production costs are spent on training AI; if she is good enough to read, we will no longer require human voice actors for audio book creation.

Technical Scope of Works

Perhaps what pulls its back was the inherent difference between thai and english voice. Wavenet, while highly remarkable in english, depends mostly on its acoustic features, something that requires well-trained linguists to extract. This complication in data preparation makes it hard to provide sufficient amount data to feed the ravenousness of these deep learning models, especially for thai voice.

Market Size

The Rise of Audio Books

The average consumer has less time to consume information. When data transfer technology over the Internet became faster, "Listening" became popular as an alternative to "Reading." According to statistics, audio book sales have increased dramatically in recent years.

Thailand Audio Book

The number of audio book publishers in Thailand is fairly low. According to 2021 data, we only have roughly 1,000 audio books in our online store, which is less than 1% of all books sold in the market.

Big Opportunity Ahead

According to Statista, in 2016, 79,000 audio books were released in the United States, which has the most audio book listeners in the world, which is 34% more than general e-book published.

Business Model

Sale of Audio Book

Our audio book business model is fairly simple: we connect with book publishers in Thailand and produce audio books using our TTS model. We devised the following revenue sharing scheme: -

  • 20% to Vulcan

  • 80% to book publishers

Subscription Fee (Future)

We also designed an audio book revenue model in the form of a subscription model, which allows monthly subscribers to listen to our audio books unlimitedly. However, we must study the legal constraints on revenue sharing among different parties.

Competitive Advantages

  • Low production cost

  • Fast time to market

  • Social innovation

  • Advance audio book platform

References

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