Somewhat pessimistic take on the future of machine translation from an editor at Forbes.
Computers Will They Ever Learn?
Forbes, Vol.186 #2, p.44 (August 9, 2010)
Ask most computer programmers what would happen if, suddenly, their computers got a thousand times faster. Most would rhapsodize about being able to immediately put that extra power to good use.
Ask Franz Josef Och the same question, though, and he says that even with a machine a thousand times more powerful than today’s his program wouldn’t run significantly better than it does right now, as far as most people could tell. Which is quite an admission, because Och is responsible for one of the most amazing computer programs in the world: He is head of the division at Google that runs Google Translate.