Innodata closes deal wth tech customer for AI LLMs

Innodata closed a significant deal with one of the five largest technology companies in the world for training the customer’s AI large language models. The company is a new customer for Innodata. Under the newly signed agreement, the customer has budgeted up to $8 million in spend for the remaining months of 2023. Based on discussions with the customer, Innodata anticipates potentially reaching an annualized run rate of $15 million or more with the customer by the end of 2023 and anticipates potential opportunities for further expansion in 2024.