The internet has united us in a way that has never been possible before. While it has made us more united, there has still been a divide between people from many different countries, due to the language barrier. The current translation tools have been mediocre at best. However speech recognition on mobile devices like OK Google and Apple Siri is fantastic. For the most part it is usually very accurate.
Although I have not used Skype Translator, if the video lives up to the hype, we could very well be a step closer to a more united and peaceful world.