AI Tide Impacts the Translation Industry: Harvard and Monterey Institute of International Studies Announce Closure of On-Campus Programs
The Monterey Institute of International Studies will close its on-campus graduate programs in 2027. Known as the "Harvard of the Translation World," the institute made this decision due to a sharp decline in enrollment and financial pressure. However, students, faculty, and industry professionals generally believe that the rapid development of artificial intelligence translation technology is the fundamental reason, as AI is profoundly changing the working models of the translation industry.