Language data and search engine training company Appen delivers triple digit revenue growth on the back of Leapforce acquisition and strong organic performance. AI boom drives shares to all-time high.
Shares in Sydney-based Appen continue to rally and are up more than 600% since 2015 IPO. Strong 1H 2017 earnings mostly driven by booming unit which trains machine learning products.
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 services and data provider Appen continues to ride the machine learning and artificial intelligence boom, clocking up revenue growth of 34% versus 2016. While shares are up more than 300% since IPO, they are down slightly in 2017.
Shares in Australia’s Appen have shot up nearly 500% since the IPO in January 2015 boosting the company’s market capitalization to around USD 220m. Driving the bonanza are the personal digital assistants and big techs hunger for data.
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.
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.
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.
Australia-listed data annotation provider Appen shares Covid-19 update and guides investors on 2020 profit expectations.
Australia-listed data annotation provider Appen reports 2019 full-year results; machine learning platform Figure Eight contributes USD 22m to total revenues of USD 352m (+47%).
SlatorCon toured three global cities across Europe and the US in 2019 and featured 28 speakers representing the full breadth of the language industry.
Australia-listed data annotation provider Appen upgrades its full-year earnings for 2019, forecasting underlying EBITDA of close to AUD 100m (USD 68m).
Appen CEO, Mark Brayan, speaks at SlatorCon San Francisco 2019 on the expensive, complex, and crucial process of collecting language data for AI.
Industry leaders met at a sold out SlatorCon San Francisco to discuss market opportunities, technology, and investment trends, and to network with peers.
Machine learning training data provider Appen posts strong revenue and profit growth for H1 2019. Early integration of acquired data annotation platform Figure Eight proves tricky.
Over 120 language industry leaders will meet at the language industry’s premier executive forum in San Francisco on September 12. Browse the full agenda now.
Korean language services and data company Flitto raises USD 23m in IPO on electronic trading platform Kosdaq, Korea’s answer to Nasdaq; CEO heralds “AI boom era.”
Venture capitalists see opportunity as startups begin to apply breakthroughs in transfer learning and new language models, such as BERT, ELMo, OpenAI's GPT-2, and ULMFiT.
First, Appen. Now, Flitto. Language data startup Flitto, which is about to list on Korean electronic trading platform Kosdaq, has attracted high, early demand for shares.
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