Appen's business model is at severe risk of being disrupted and no longer of any use to their customers.
The CTO of Facebook, Mike Schroepfer, tweeted on MAy 1 the following breakthrough:
"Here’s our new computer vision system achieving state of the art results in image segmentation, without needing any labeled training data. This new model was trained on random, unlabeled data, but quickly achieved state-of-the-art results. It’s awesome.
But it gets even more interesting. The model learned to categorize objects in images and organize them into groups based on physical properties — animal species were clearly separated, for example
What’s happening here is one of the defining AI advances of recent years — self-supervised learning — enabling new systems to develop much deeper and more generalized understandings of the data they’re trained on."
HOLDERS CHECK WHAT YOUR INVESTMENT THESIS IS. It may have broken on May 1.
- From Sean Rapley of Rapley Investments
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- Appen Strategic Valuation
Appen Strategic Valuation, page-140
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