Alphabet cuts ties with Australian AI firm that helped train Bard and Google Search
Publishing timestamp: 2024-01-23 14:41:38
Summary
Alphabet has terminated its contractual ties with Appen, an artificial intelligence data firm that helped train Google's chatbot Bard and other AI products. This decision will impact at least two thousand subcontracted Alphabet workers. Appen has struggled in recent years with loss of customers, executive departures, and declining financials. The company's shares have plummeted more than 99% since its peak in August 2020. Despite its enviable client list, Appen has faced challenges in pivoting to generative AI and has had conflicts with Google in the past. Appen will now focus on managing costs and turning its business around.
Sentiment: NEGATIVE
Tickers: GOOGL, ADBE, AMZN, APX-AU, NVDA, META, AAPL, MSFT,
Keywords: adobe inc., breaking news: technology, internet, nvidia corp, artificial intelligence, business news, generative ai, technology, alphabet inc, appen ltd,