BUZZ-Australia's AI firm Appen gains on positive outlook

Reuters05-24

** Shares of Appen Ltd rise 10.2% to A$0.65, set for their best day since May 10, if gains hold

** The AI services provider sees positive signals on AI algorithm Large Language Model (LLM) related growth in 2024, including from its global customers

** Says co's target is to reach cash EBITDA positive on a run-rate basis in the early second half of FY24

** Stock down 6.4% YTD, as of last close

(Reporting by Ayushman Ojha in Bengaluru)

((Ayushman.ojha@thomsonreuters.com;))

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