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Stockreport

Embattled AI firm Appen loses more executives, months after Alphabet cut ties [CNBC]

Amazon.com, Inc. (AMZN)  More Company Research Source: CNBC
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
Andrew Ettinger, who was the Australian company's chief revenue officer, and Alicia Hale, who was marketing chief, stepped down from their roles last week, according to an internal memo viewed by CNBC. Both executives joined the company last year. “Strengthening our sales and marketing function remains a top priority for the business,” CEO Ryan Kolln wrote in the memo that was shared with CNBC. “There is no change to our strategy to grow revenue from existing and new customers.” The departures follow Alphabet 's announcement in January that it was cutting all contractual ties with Appen, which once helped train Google's chatbot and other AI products. Two weeks after that decision, Appen CEO Armughan Ahmad left after just 12 months on the job. Although generative AI is booming, Appen, once an industry darling, has been losing out on business as tech companies spend billions of dollars training their own large language models (LLMs) or building atop the leading AI platforms. They [Read more]
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Stockreport

Embattled AI firm Appen loses more executives, months after Alphabet cut ties [CNBC]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: CNBC
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
Andrew Ettinger, who was the Australian company's chief revenue officer, and Alicia Hale, who was marketing chief, stepped down from their roles last week, according to an internal memo viewed by CNBC. Both executives joined the company last year. “Strengthening our sales and marketing function remains a top priority for the business,” CEO Ryan Kolln wrote in the memo that was shared with CNBC. “There is no change to our strategy to grow revenue from existing and new customers.” The departures follow Alphabet 's announcement in January that it was cutting all contractual ties with Appen, which once helped train Google's chatbot and other AI products. Two weeks after that decision, Appen CEO Armughan Ahmad left after just 12 months on the job. Although generative AI is booming, Appen, once an industry darling, has been losing out on business as tech companies spend billions of dollars training their own large language models (LLMs) or building atop the leading AI platforms. They [Read more]
IMPACT SNAPSHOT
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AMZN
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Price Change %
Volume Shares
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Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
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EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
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High:
Low:
MAX DOWN
Low:
%
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%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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TICKS
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PERFORMANCE SINCE EVENT
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