Appen shares crumble 40pc as Google walks
Jessica SierNorth Asia correspondent
Shares in data-processing outfit Appen collapsed on Monday after major customer Google terminated its contract, marking the struggling tech company as one of the first ASX-listed casualties of the ongoing artificial intelligence boom.
Appen – which scrubs large data sets and on-sells them to large companies experimenting with artificial intelligence – was informed of Google’s decision to terminate its contract on Saturday.
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