It is amazing the difference in valuation of Scale AI vs...

It is amazing the difference in valuation of Scale AI vs Appen...

It is interesting to other parties in the market also forecasting significant growth.

Telus (Lionbridge AI) released the following commentary earlier this year:

IDC estimates that total spending on AI technologies to reach $110.1 billion by 2024 growing at approximately 22% from $50.1 billion in 2020. Based on market research surveys, we estimate that the data annotation market is sized at approximately $2 billion to $3 billion in 2020. Currently the market demand is driven by large technology companies, however, demand is growing from other enterprises as AI adoption increases. We believe the data annotation market is expected to grow at a compound annual growth rate of approximately 21% reaching to a size of approximately $3.5 billion to $4.5 billion by 2023.

Great future in this industry!