Embattled AI firm Appen loses more executives, months after Alphabet cut ties
Publishing timestamp: 2024-05-22 19:17:41
Summary
Appen, an Australian AI firm that once worked with tech giants like Microsoft and Google, has lost its chief revenue officer and chief marketing officer. The departures come after Alphabet cut all ties with Appen in January. The company has been struggling as tech companies invest in training their own AI models, leading to a decline in revenue. Despite once being an industry darling, Appen has lost 99% of its market value since 2020.
Sentiment: NEGATIVE
Tickers: GOOGL, NVDA, ADBE, GOOG, AAPL, MSFT, META, APX-AU, AMZN,
Keywords: apple inc, meta platforms inc, adobe inc., microsoft corp, business news, generative ai, amazon.com inc, nvidia corp, artificial intelligence, technology, breaking news: technology, alphabet class c, alphabet inc,