May 10 (Reuters) - Appen Ltd (APX) , one of the world's largest AI training providers, said it expects to return to profit by the end of fiscal 2023 and announced a series of cost-saving measures on Wednesday.
The company also launched a set of data products and services aimed at the wildly popular generative AI market in a bid to diversify its revenue.
Its profit and revenue fell sharply in the first four months due to unfavourable economic conditions.
News: APX Australia's Appen expects return to profit by end of 2023
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