Investment thesis is not on Meta - it's enterprise adoption on A.I.
Meta was just a massive money tap to fund product development and ploughed $150m in R&D past four years. As Armughan says the only competitors Appen has are start-ups in LLM's and Generative A.I was worth barely $5b two years ago. Chat GPT got the market excited but we still have a long way to go for generative A.I to commercially scale but scale it will eventually.
Industry simply not ready - yet.
Ann: 2023 Half-Year Results and 2023 Outlook, page-74
Add APX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
51.0¢ |
Change
-0.010(1.92%) |
Mkt cap ! $114.5M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 53.0¢ | 50.8¢ | $702.5K | 1.357M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 53991 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 43468 | 11 |
View Market Depth
| Last trade - 14.09pm 05/06/2024 (20 minute delay) ? |
|
|||||
|
Last
51.0¢ |
Change
-0.010 ( 2.15 %) |
||||
| Open | High | Low | Volume | ||
| 53.0¢ | 53.0¢ | 51.0¢ | 523223 | ||
| Last updated 14.35pm 05/06/2024 ? | |||||
| APX (ASX) Chart |