APX
Click for more information
4.08% 47.0¢ appen limited

Appen is gonna flop now that Google has left, others possible to follow.

  1. fedextreme
    1,321 Posts.
    lightbulb Created with Sketch. 103
    clock Created with Sketch.
    29/01/24
    08:41
    Post #: 72102579

    Google cancels contract with an AI data firm that’s helped train Bard

    /

    Appen’s work with Google comprises a significant chunk of its revenue.

    A graphic showing Bard’s logo with Gmail, Drive, Docs, and other apps
    Image: Google

    Google ended its contract with Appen, an Australian data company involved in training its large language model AI tools used in Bard, Search, and other products, even as the competition to develop generative AI tools increases. “Our decision to end the contract was made as part of our ongoing effort to evaluate and adjust many of our supplier partnerships across Alphabet to ensure our vendor operations are as efficient as possible,” Google spokesperson Courtenay Mencini said in a statement sent to The Verge.

    Appen notified the Australian Securities Exchange , saying it “had no prior knowledge of Google’s decision to terminate the contract.”


    Human workers at companies like Appen often handle many of the more distasteful parts of training AI and are often the lower-paid, often ignored . At Appen, contractors help rate data quality and answers from AI models. wrote last year that some Appen employees who are members of the Alphabet Workers Union had been petitioning Appen to increase wages from $10 an hour to $15. While the union won wage increases, the final number fell short of its goal. Many of these workers were then laid off, with Appen citing business conditions.

    reported that Appen has also helped train AI models for Microsoft, Meta, and Amazon. The company said in its ASX filing that its work with Google has had a significant impact on its revenue. Appen’s revenue from Google alone in the fiscal year 2023 amounted to $82.8 million. It made $273 million last year.


    Mencini added that Google is working closely with Appen to make the transition “as smooth as possible.”

    Employees at another Google contractor, Accenture, to join the Alphabet Workers Union — which represents Google contractors — after refusing to handle “obscene, graphic, and offensive prompts” for the then-unreleased Bard chatbot in November last year.

    And it isn’t just an issue for Google. Content moderators working in Kenya for data-labeling firm Sama for paying people $2.20 an hour to view disturbing images and videos.

    https://www.theverge.com/2024/1/23/24048429/google-appen-cancel-contract-ai-training-bard
    APX Price at posting: 32.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NIM Nimy extends sulphide targets at Mons with new anomalies identified
right-arrow Created with Sketch.
CMX ChemX Materials kicks off first stage works at WA high purity alumina pilot
right-arrow Created with Sketch.
LYC Lynas eyes first dysprosium, terbium HREE production in CY25
right-arrow Created with Sketch.
SXL Southern Cross says no to buy up of Australian Community Media assets
right-arrow Created with Sketch.
TBN Tamboran is developing the NT Beetaloo Basin. To get there, it's listing at $36/sh on the NYSE
right-arrow Created with Sketch.
NEWS Microcap Wrap: 5 explorers with news out today
right-arrow Created with Sketch.
watchlist Created with Sketch. Add APX (ASX) to my watchlist
(20min delay)
Last
47.0¢ 		Change
-0.020(4.08%) 		Mkt cap ! $104.5M
Open High Low Value Volume
48.5¢ 49.5¢ 47.0¢ $1.169M 2.448M

Buyers (Bids)

No. Vol. Price($)
8 119772 47.0¢
 

Sellers (Offers)

Price($) Vol. No.
48.0¢ 2110 3
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
APX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.