Appen share price rockets 18% on guidance update
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The Appen Ltd (ASX: APX) share price is rocketing on Friday morning.
At the time of writing, the artificial intelligence (AI) data services company’s shares are up 18% to $1.45.
Why is the Appen share price rocketing?
Investors have been buying the company’s shares today following the release of a guidance update at its annual general meeting.
But before we move onto that, there may be some readers that aren’t aware what Appen does.
It describes itself as a global market leader in data for the AI Lifecycle. It has over 28 years of experience in data sourcing, data annotation, and model evaluation by humans, enabling organisations to launch the innovative artificial intelligence systems.
It notes that its…
