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.
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.
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.
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 Words announced the founding Creative AI, a new company that offers data collection, annotation, and validation services.
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.
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.
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.
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 discusses all things data and AI related, from their business in lexical data to the fast-growing data annotation industry.
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?
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.
Australia-listed language data provider Appen downgrades FY EBITDA guidance by ca. 16% after disappointing November, California lockdowns, and absence of pre-Christmas spike.
Commenting on the acquisition of Lionbridge’s data annotation business, senior executives of telco giant TELUS make the case for why the acquisition was a compelling move.
Language service provider Summa Linguae Technologies grows 114% in Q3 2020, including acquisitions. Data annotation business triples.
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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