APX 1.90% 80.5¢ appen limited

Ann: Customer update and FY23 preliminary results, page-278

  1. 79 Posts.
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    Word on the street is that Google is terminating just Appen's contract due to poor quality. Google is going to continue with other suppliers like Telus and WeLocalize. Appen's work would be reshuffled to them in near future.
    I blame CEO for this debacle. Data annotation is still Appen's bread and butter and he should have done everyhing to protect this revenue until generative AI business becomes profitable. Now Appen is at a real risk of another CR or going into liquidation.
    At one point I truly beleived this CEO is the one to turn things around but now he looks like a big fraud. All his updates in linkedin are about preaching why humans need to be in AI loop. He seems to be just building his own brand and dont think he cares too much about making Appen profitable. I think we will hear his departure notice during the annual report next month.

    Last edited by kanishka820: 24/01/24
 
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