You cant go into insolvency with no debt you just cut costs - it has $20m revenue per month coming in and FY24 will have $64m of costs taken out of the business.
Its biggest cost outside the crowd is ammortization from product development.
Appen doesn't need to capture 10% of the A.I market - it's going to be a $44T global market by 2030.
It doesn't need to be in data but t 100% needs to be engaged and on the A.I curve and be ready to swoop on opportunities when A.I is being commercialised.
Open A.I is opening the GPT store next week which is going to be similar to the Apple store.
Anyone will be able to create their own GPT's with Chat GPT as the API backbone and this will come in the form of revenue sharing. It will be a side hussle for many as GPT's are easy to build.
The revenue environment and opportunity will be different in 12 months and will be even more substantial by the end of 2025.
You cant go into insolvency with no debt you just cut costs - it...
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