“Microsoft has developed a “universal translator” that not only converts English speech into Chinese in real-time, but does so while preserving the speaker’s own voice. Demonstrated in China recently, the technology is based on joint research into Deep Neural Networks by the software giant and the University of Toronto, Microsoft’s chief research officer Rick Rashid writes, using an hour’s worth of prerecorded speech example data to cut together a new, translated mashup.”

http://www.slashgear.com/microsoft-universal-translator-chatters-chinese-in-your-own-voice-09256313/

http://www.youtube.com/watch?v=Nu-nlQqFCKg&feature=player_embedded

http://research.microsoft.com/en-us/projects/transcriptor/

http://www.youtube.com/watch?v=FFe7xVHMl_s&feature=player_embedded