Innodata Inc Q1 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Dana Buska - Feltl - Analyst : What you were saying and you wrote in your press release, just sounds amazing. I have a question around the large language models with them being so new. It sounds to me like you're creating the road map as you go. And I was -- which I think is a very, very exciting place to be. And I was just wondering what type of advantages does that give you that you are over your competitors that you're working with these large companies being, should we say, the first mover doing this type of stuff?

Question: Dana Buska - Feltl - Analyst : Excellent. That also sounds wonderful and amazing. I recently saw a paper that was out of Stanford talking about being able to use large language models to do reinforced learning. Is that something that you think would potentially be some type of issue for you? Or do you do not consider that to be a threat to your business?

Question: Dana Buska - Feltl - Analyst : Yes, Stanford University that said that large language models could be used to do reinforced learning.

Question: Dana Buska - Feltl - Analyst : Yes, reinforcement learning, sorry.

Question: Dana Buska - Feltl - Analyst : Okay. And then when we start -- when you start looking at building like your prompt engineering practice, do you have those people on staff right now? Or is that someplace where you're going to have to start hiring people? How do you look at creating these new -- almost new jobs that you're going to need these new positions that you're going to need to fulfill your ambitions?