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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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
