Innodata Inc. (INOD), a global data engineering company specializing in AI data preparation services, saw its stock soar 5.09% in the pre-market trading session on Thursday. This surge comes amid growing interest and demand for AI infrastructure and services, particularly in the field of generative AI models.
Despite the recent volatility in the AI sector, fueled by concerns over DeepSeek's AI model, major tech giants like Meta Platforms and Microsoft have reaffirmed their commitment to investing heavily in AI infrastructure. This renewed confidence has provided a boost to companies involved in AI-related services and technologies.
Innodata, through its Digital Data Solutions (DDS) segment, is well-positioned to capitalize on this demand. The company offers a range of services, including collecting and creating training data, annotating data, and training AI algorithms for customers. Additionally, Innodata provides support for AI model deployment and integration, making it an attractive partner for companies developing advanced generative AI models.
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