A leading global provider of data for Artificial Intelligence, Appen
(ASX:APX) have just released their CEO statement.
It shows the total potential value creation by AI is $3.5 trillion to $5.8 trillion.
Appen is well positioned in a high growth market and is investing in people and technology.
Revenue is up 50 per cent to $166.6M for the financial year 2017.
Underlying EBITDA of $28.1M is up 62 per cent, statutory EBITDA up 29 per cent.
They are also investing in Silicon Valley to develop advanced, machine learning-based toolsets to streamline and automate data collection for future margin expansion.
Shares in Appen
(ASX:APX) are trading 2.14 per cent higher at $10.26
