LXT’s Phil Hall on the 2023 AI Boom, Covering 750 Languages, and ChatGPT
LXT Chief Growth Officer, Phil Hall, on covering 750 languages, emerging competitors, and why he agrees that data-for-AI companies are the shovel providers in a gold rush.
data annotation
Summa Linguae Buys Poland-Based Life Sciences LSP Get It
Summa Linguae acquires fellow Poland-based LSP, Get It. Looks to build out capacity via more M&A, not only in localization but also NLP, data-for-AI, now main source of revenue.
Spanish NLP Data Labeling Platform Argilla Raises USD 1.6M in Seed Funding
The open-source platform helps users build and refine datasets without hand-labeling training examples. Funding round co-led by Caixa Capital Risc and Zetta Venture Partners.
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.
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.
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.”
What You Need to Know About Bias in Machine Translation
As machine translation gets better, the problem of bias — especially gender bias — remains a source of embarrassment for the industry. Why MT bias matters and how major players are trying to fix it.
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.
For Dataset Creation, Humans Should Evaluate Machine Text — New Research
As more language service providers explore data collection and annotation, a new study shows large language models generate more diverse content, while humans excel at rating it.
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.
Creative AI Founded to Solve Crowd Management Issues with Data for AI Services
Creative Words announced the founding Creative AI, a new company that offers data collection, annotation, and validation services.
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.
Why Data-for-AI Providers Need a Problem-Solving Mindset
Language service providers Venga Global and e2f along with renowned publisher Oxford Languages discuss data-for-AI services, AI use cases, and supplier recruitment challenges.
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.
Oxford Languages President Casper Grathwohl on Language Data as a Service
Oxford Languages President Casper Grathwohl discusses all things data and AI related, from their business in lexical data to the fast-growing data annotation industry.
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?
Slator 2021 Data-for-AI Market Report
44-page report on the data-for-AI market, guiding LSPs on how to enter and scale in the fast-growing market of creating, collecting, and annotating data for artificial intelligence applications.
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.
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