AI Data Leader Appen Appoints New CEO, Armughan Ahmad
Data-for-AI leader Appen announces the appointment of Armughan Ahmad, former KPMG executive, as CEO.
Appen
Appen Moves Operations Offshore as Shares Continue to Decline
Share price falls after release of trading update; expecting disappointing full-year 2022 revenue and EBITDA results.
Here are the Best and Worst-Performing, Publicly-Traded LSPs in 2022
Zoo Digital outperforms competitors again. Keywords Studios’ globalization unit strengthens video game localizer’s position. Appen’s stock continues to plunge.
Appen Shares Plunge on Disappointing H1 2022 Results and Full-Year Outlook
Appen reports H1 2022 revenues to be down 7% and EBITDA down 69% versus the comparable period last year. CEO of data-for-AI provider blames sector slowdown rather than competition.
Language Industry Hires at Language I/O, DigitalTolk, Appen, Blend, Unbabel
Language I/O hires a CMO; DigitalTolk, a CFO and a Head of Sales; Appen, a Senior Director of AI Specialists; Blend, a CFO and a VP of HR; and Unbabel, a Chief Product Officer.
Slator 2022 Language Industry M&A and Funding Report
44-pages on 2022 translation and localization industry acquisitions and translation startup investments, with valuations, deal rationale.
Appen Updates Investors on Productizing Linguistic Expertise
Among the platforms and workflows featured in Appen’s 2022 Investor Technology Day: Ontology Studio, which “productizes core components” of Appen’s “linguistic expertise.”
Lionbridge AI Buyer, Telus, Abruptly Abandons USD 700m Appen Bid
Australia data annotation provider, Appen, gets buyout offer from Telus, buyer of Lionbridge AI business. In surprising about-face, Canadian call center giant walks away.
Appen Share Prices Tumble After Data-for-AI Leader Releases FY 2021 Results
Record annual revenue of USD 447m unable to offset investor disappointment in ASX-traded company after downgraded EBITDA guidance and plunge in net profit after tax.
The Best and Worst Performing Listed Language Service Providers of 2021
While the overall language industry put in an exceptionally strong year, investors in listed LSPs and companies operating LSP units were handed a decidedly mixed bag in 2021.
Appen Shares Fall 25% After First Half 2021 Results Disappoint Investors
Despite growth in New Markets, AI data leader Appen reports 2% revenue decline in H1 2021, with net profit after tax down 55%, sending the share price down to 2018 levels.
Appen Pivots to Product-Led Strategy; Shares Down 49% Year to Date
AI data leader Appen sees share price drop 11% in May amid continuing retreat from all-time highs of 2020. Company splits reporting into separate Services and Product segments.
Appen Shares Plunge, TRSB Buys Anglocom, Evaluating MT, Huge RFP in Sweden
Appen’s shares plunge, TRSB acquires local rival Anglocom, Google MT evaluation paper released, USD 72m interpreting tender in Sweden, Slator Job Index rises again.
Appen Shares Tumble After Disappointing Results and 2021 Outlook
While Covid’s impact on clients’ priorities limited Appen’s revenue growth to 12%, the data-for-AI giant hopes new clients and the Chinese market will boost future performance.
6 Structural Reasons Why LSPs Are Set to Win in Data-for-AI Services
Workforce management is essential to an LSP’s core activities of translation and localization and may also be the golden ticket to new revenue streams in data-for-AI services.
Here’s How 6 Major LSP Client Segments Use Data for AI
Data-for-AI services are a new and highly specialized sub-industry of AI. But how exactly are text, image, and speech data used in an LSP’s end-customer segment?
2020 Performance Ranking and Analysis of Listed Language Service Providers
2020 brought extreme pressure on businesses and listed language service providers (LSPs) were no exception. Which LSPs fared better in 2020 and which suffered most amid Covid-19?
Appen Downgrades Earnings Guidance as Q4 Flouts Tradition
Australia-listed language data provider Appen downgrades FY EBITDA guidance by ca. 16% after disappointing November, California lockdowns, and absence of pre-Christmas spike.
Women in Localization Welcomes Appen as Silver Sponsor
Appen, a global leader in high-quality training data for machine learning systems, is a Silver-level sponsor of Women in Localization for 2020-2021.
Lionbridge Sells AI Division to TELUS for USD 935 Million
Lionbridge sells data annotation division to Canada's TELUS in major payday for private equity owners H.I.G. Capital. Translation and localization business to remain with Lionbridge.
Appen Shares Retreat From All-time High on Soft Language Data Business
Data annotation provider Appen posts 25% revenue growth for first half 2020 as Relevance division booms. Weakness in language data business contributes to share price retreat.
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