At the heart of Appen’s woes, analysts say, is one simple fact – it is still a services business.
The deal had been a buy-versus-build equation for the company, with Figure Eight’s tech-based annotation software able to annotate videos like dash-cam footage 50 times quicker than a human.Mr Brayan said at the time it would have taken Appen five years and $4 million to build a similar platform.backed the deal, saying if it was integrated well, it would help alleviate some of the big risks to Appen.
Still one of Appen’s largest shareholders with 7.5 per cent of the business, along with his wife and Appen founder Dr Julie Vonwiller, Mr Vonwiller told“I don’t subscribe to the theories that somehow annotated data will be replaced by machine automation. I think we’ll always have a human in the loop in data annotation requirements,” he said.
But within 10 hours of the public announcement, Telus had withdrawn from discussions, leaving Appen management in the dark about why it had walked away.The company’s statement a day later revealed no answers. However, analysts speculated that either Telus was spooked by the approach being leaked or it had not anticipated the trading update Appen gave simultaneously, which indicated that revenue had slipped below last year’s levels.
One possibility for Telus’ ongoing growth, Mr Ahmed said, was the decision by the Canadian business to combine its AI data labelling services with other business processes it offers, such as call centre services and content moderation.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lewis Hamilton says porpoising injuries are unacceptable before Canadian GPLewis Hamilton may not be in contention for the race win in Canada but he is happy the FIA are set to address the problem of porpoising
Read more »
'Small price for unity': Dominic Perrottet backs $25 million costing for Aboriginal flag planThe Premier says he is not sure why the project costs so much, but backs it as an 'important decision' for the state and country.
Read more »
‘Moulin Rouge: The Musical’ makes Sydney debutThe show-stopping musical 'Moulin Rouge' has premiered in Sydney and audiences are already saying it’s one not to be missed.
Read more »
Why Yassmin Abdel-Magied is a big proponent of the marriage contract'I was very clear about what I wanted from a relationship: that my money is my money, and that I did not want to give up my life'
Read more »
Plot foiled: Why the little man who wants to be a big tsar put me on his listAs one of several Australian journalists sanctioned by Russia, The Age and the Herald’s Tony Wright laments the end of his conspiracy to bring down the regime.
Read more »
Digital maps to drive out rascally rabbits from Phillip IslandLandcare managers are using digital technology to tackle Phillip Island’s rabbit problem. 🐇 | bpreiss
Read more »