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Natural language processing (NLP) is one of the biggest fields of AI development. Numerous NLP solutions like chatbots, automatic speech recognition, and sentiment analysis programs can improve efficiency and productivity in various businesses around the world. To train NLP algorithms, large annotated text datasets are required and every project has different requirements. For developers looking to build text datasets, here is a brief introduction to five different types of text annotation. For those of you looking to start annotating text data on your own, check out this list of text annotating tools.