Unfortunately trading will continue to be tough as cost of capital at 5% is expensive to invest big in new projects - business economy has yet to adjust to high rates; we are $20m revenue short at break even - this is also the cost of product development where Appen needs to keep persuing and pushing.
Businesses are still tightening their purse strings; but on the flipside, as we have seen recently market not interested in Cloud and Digital advertising growth anymore. Microsoft showed growth in A.I and jumped whereas GOOG and META beat top and bottom line growth in Digital Advertising but market not impressed as not viewed as long term growth drivers unlike Microsofts A.I.
I think this quarter so far has proven that Big tech need to get moving with A.I as market is impatient.
$1 Party, page-101
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