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Recently, the 2024 State of AI Report released by Appen has garnered significant attention. Based on a survey of over 500 IT decision-makers in the U.S., the report reveals that generative AI has grown by 17% in the past year. However, alongside this growth, companies are facing considerable challenges in data management. Si Chen, Appen's Head of Strategy, mentioned in an interview that as AI models are increasingly applied to more complex and specialized domains, the demands for data have risen significantly.

Google has announced the termination of its contract with Australian data company Appen, which provided training for large language model AI for Google products such as Bard and Search. The termination of the contract poses a significant revenue impact on Appen, and concerns about low wages for human workers have come to the forefront. A Google spokesperson stated that they will work with Appen to ensure a smooth transition. The concerns about wages and working conditions for human workers in the AI industry have become a hot topic of discussion.

The ChatGPT 3.5 version offers free voice conversations on mobile devices, sparking a wave of creativity among netizens. Douyin content creator 'AI Navigator - Yi Ting' challenges ChatGPT with a highly discussed question. The unexpected resonance of ChatGPT's response garnered 255,000 likes. The interactive fun of AI fosters a dialogue exploring life choices and independent thinking. ChatGPT has attracted attention on social media, bridging technology and humanistic care.

Australian AI company Appen has announced that it is considering the sale of part or all of its business to adapt to market changes and financial pressures. The company has raised AUD 30 million in equity and implemented a total cost-cutting plan of USD 60 million. As of the end of October 2023, the company's revenue and gross profit have decreased by 29% and 32%, respectively, with the stock price suffering and an entire overhaul of the executive team. To stabilize its financial situation, Appen has announced an additional cost-cutting plan of USD 14 million to address business challenges.

Venture capital founder Suissa anticipates that the artificial intelligence bubble may burst next year, but the technology itself will not disappear. He describes potential scenarios where AI chatbots might make racially discriminatory remarks, which could disrupt the AI industry. Suissa believes that AI will ultimately become a tool for businesses to enhance efficiency, much like blockchain. He is optimistic about secure data solutions and has invested in data analytics company Databricks, among others. However, PYMNTS analysis indicates that AI still faces profitability challenges due to high computing costs and low margins.

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