Termination Hits Appen, Impact on Revenue Drop and Workforce
Alphabet's contract termination severely impacts AI training firm Appen, reducing revenue and affecting thousands of subcontracted workers.
Appen faces financial struggles, with a 30% revenue decline in 2023, compounded by executive departures and stock plummets.
Google's move reflects the industry's shift towards large language models, diminishing reliance on traditional AI training firms like Appen.