An established AI player is in nasty trouble – in this market? What? Why?

AI is so hot right now, and assumed to be the future of everything. But troubles at an Australian AI developer show the field is not all sunshine and roses. The firm in question is called Appen, and specializes in sourcing and preparing data for AI models. The outfit created a million-strong crowdsourced team of contributors …

[Sceptic Tank]

Ask Dr Theopolis

Couldn't their models predict this? Or come up with a working business model?

[breakfast]

Re: Ask Dr Theopolis

The trouble is that they're models, you know what I mean? They do their little turn on the catwalk.

[Zack Mollusc]

Re: Ask Dr Theopolis

On the catwalk?

On the catwalk?

[amanfromMars 1]

Whenever the honest brutal truth be told to markets about unicorns and Ponzis .....

Vapourware practices are a dodgy product with a crazy shelf-life/indeterminate third party attraction lifespan.

[Anonymous Coward]

Why pay for "curated" data to feed your AI parrots when you can give them any old crap for free without affecting your sales ?

[claimed]

Remember a couple of years ago when it was all about quality training data? Garbage in, garbage out?

OpenAI have shown you can do just fine with volume, as usual, these guys were a bit slow. I bet the models they trained were really good, but actually it turns out you’ll need a human to review anyway, so speed is better than accuracy, again

[Dinanziame]

Yeah, there's a bunch of people who've been doing AI for years who've been completely blindsided by GenAI. Not that what they were doing was necessarily useless, but what they do is definitely not trendy anymore, so sometimes everybody just runs away from them.

[Bebu]

The old story....

Easy, fast... and wrong.

Hard, slow... and less wrong.

Only through attracting the inscrutable interest of The Lady (la Dea Fortuna) of the emerald eyes that you might get it right or misled to believe you have.