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Oct 6 (Reuters) - Artificial intelligence firm Appen Ltd said on Thursday its fiscal 2022 earnings could drop as much as 84%, hurt by weaker advertising revenue and a slowdown in spending by some of its major customers.
The company's forecast is indicative of the prolonged cost-cutting measures that global tech giants have had to undertake in the wake of soaring inflation and elevated borrowing costs.
Appen, which runs artificial intelligence tra...
>>> Read more: UPDATE 1-Australian AI firm Appen flags up to 84% drop in annual earnings
Oct 6 (Reuters) - Artificial intelligence firm Appen Ltd said on Thursday its fiscal 2022 earnings could drop as much as 84%, hurt by weaker advertising revenue and a slowdown in spending by some of its major customers.
The company's forecast is indicative of the prolonged cost-cutting measures that global tech giants have had to undertake in the wake of soaring inflation and elevated borrowing costs.
Appen, which runs artificial intelligence tra...
>>> Read more: UPDATE 1-Australian AI firm Appen flags up to 84% drop in annual earnings
