$1 Party, page-47

Nothing has changed about the company or the industry since its half year report. If anything AI market is growing and demand for data annotation which is Appen's bread and butter still remains. Markets such as search engine evaluation and text and image recognition for Automobiles will continue to grow. Only thing that has slowed is Ad relevance and this is more to do with macro-economic factors and NOT AI replacing Appen's work. Unfortunately for Appen large portion of its revenue came from this source in its record revenue years.

In generative AI space, almost every company that deals with LLMs has recognized the need for humans in LLM training and need for RLHF. CEO has identified this massive opportunity and they are trying to tap into this market. I'd rather have a CEO who is more proactive and trying to do something than someone who is sitting on his butt until conditions improve. I truly believe if anyone can turn this around it will be Armugham.