APX 4.82% 79.0¢ appen limited

Ann: Completion of Retail Entitlement Offer, page-153

  1. 10,726 Posts.
    lightbulb Created with Sketch. 1262
    Questioning the business model is all well and good.
    Deep Learning you need a crap tonne of structured data.

    As said previously the breakthrough models you see today from big tech is most likely from Tech Spend ramp up of 2020-2021. These LLMs go into training mode and learn for themselves over time but without the data to begin with there is no Gen AI.

    Gen A.I and Enterprise is the future for this company.

    Appen generates 30% of revenue from one Big Tech customer only on Gen A.I previously was 100% in Deep Learning.

    This is the type of transition that will likely occur with Big Tech. However Appen does need Big Tech to start commercialising Gen A.I and Enterprise to adopt it. Until then it is a waiting game... no problem for the business to improve efficiencies, process improvements and the like until the revenue environment improves. We are still in breakthrough mode not Revenue mode.
    Last edited by Calvo: 30/12/23
 
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