Well there is some value where AU$400m revenue is being generated in an industry thats not yet established. Open AI, Cohere, Anthropic, Huggy Face, Scale A.I etc - all pure A.I companies have yet to list on the market. Only Appen has.
It will grow over the long term as A.I grows with the general economy. It's an established A.I Data and Tools business that's now established an appropriate Gen A.I business through Figure eights platform which will eventually be based on a SaaS business model when completed.
- the clueless nutjobs that want instant miracles and bought at $1+ and are now angry are just silly gamblers and market has rightly taken their shirt.
I'm in this for the long term as Enterprise continues to adopt A.I and they definitely will.
Ann: Withdrawal of Innodata's non-binding indicative proposal, page-68
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