Innodata Contracted For New Programs From "Magnificent Seven" Big Tech Customer Valued At ~$44M In Annualized Run Rate Revenue
Portfolio Pulse from Benzinga Newsdesk
Innodata Inc. (NASDAQ:INOD) has secured two new large language model (LLM) development programs from a 'Magnificent Seven' Big Tech customer, expected to generate $44 million in annualized run rate revenue. This follows previous program expansions announced in April and May.
June 03, 2024 | 12:54 pm
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Innodata Inc. has been awarded two new LLM development programs by a 'Magnificent Seven' Big Tech customer, expected to add $44 million in annualized run rate revenue. This is in addition to previous program expansions announced earlier this year.
The new contracts are expected to significantly boost Innodata's revenue, adding $44 million annually. This follows previous expansions, indicating a strong and growing relationship with a major tech customer.
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