Welcome to our dedicated page for Veritone news (Ticker: VERI), a resource for investors and traders seeking the latest updates and insights on Veritone stock.
Veritone, Inc. (symbol: VERI) is a pioneering company specializing in advanced artificial intelligence (AI) computing solutions and services. Founded in 2014, Veritone has swiftly risen to prominence with its proprietary AI-based cognitive computing platform that allows for the seamless processing, transformation, and analysis of unstructured audio and video data. This innovative platform, known as aiWARE, integrates a robust ecosystem of various top-tier cognitive engines, enabling businesses to extract valuable insights from vast amounts of media data.
Veritone's core business revolves around the delivery of its software products and services. The company serves a diverse clientele, including Commercial Enterprises and Government and Regulated Industries. Through its aiWARE platform, Veritone offers a range of services, including content licensing, advertising agency functions, influencer management, and related professional services. These solutions are designed to support clients in deploying and implementing efficient AI-driven strategies.
With a strong presence across multiple continents, including the United States, the United Kingdom, France, Australia, Israel, and India, Veritone's reach and influence are widespread. The company's ability to generate revenue stems from both its Software Products and Services and its Managed Services. This dual revenue stream underscores Veritone's strategic approach to market penetration and growth.
Veritone has garnered significant recognition in the industry, evidenced by accolades such as the Red Herring Top 100 Award, the Edison Awards, and the SIIA Business Technology CODiE Award for Best Native Advertising Platform or Service. These honors highlight the company's commitment to innovation and excellence in AI technology.
Recent developments at Veritone include ongoing enhancements to its aiWARE platform, expanding its capabilities to provide even more profound and actionable intelligence from multimedia data. The company's continuous improvement efforts ensure that it remains at the forefront of the AI industry, delivering cutting-edge solutions to its clients worldwide.
Veritone, Inc (NASDAQ: VERI) has partnered with Bauer Media UK to enhance its project management and strategy teams' capabilities through Veritone Discovery. This AI solution quickly retrieves audio content buried within extensive libraries. The deployment aims to streamline marketing campaigns and improve efficiency by automating the search for relevant material. Veritone Discovery enhances the ability to track broadcasts and reduce manual tasks, allowing teams to focus more on delivering high-value campaigns.
Veritone, Inc. (NASDAQ: VERI) will host a conference call on November 9, 2021, at 4:30 p.m. ET to discuss its third quarter 2021 financial results, update on business operations, and hold a Q&A session. Interested participants can join via webcast or dial-in. Pre-registration is available to facilitate access. Veritone specializes in enterprise artificial intelligence, empowering organizations with its aiWARE platform to enhance efficiency and decision-making.
Veritone, Inc. has announced its first enterprise agreement for Veritone Attribute in New Zealand with MediaWorks, enhancing access to data-driven advertising insights. This AI-driven application will initially be deployed across MediaWorks' radio brands, offering advertisers near-real-time performance metrics to optimize campaigns and improve ROI. The partnership underscores the significance of AI-powered analytics in broadcasting, marking a substantial step in Veritone's expansion in the Asia-Pacific region.
Veritone, Inc. (NASDAQ: VERI) has released its first nationwide Transparency and Trust Report, surveying 3,000 U.S. citizens on law enforcement relationships. Key findings include that only 1 in 5 people support defunding the police, while 67% trust law enforcement agencies. The report highlights the role of technology in enhancing transparency and efficiency. Notably, 61% of respondents support using facial recognition for public safety. The report aims to bridge the perception gap between communities and law enforcement, emphasizing the need for improved transparency.
Veritone, Inc (NASDAQ: VERI) has announced a new three-year exclusive international licensing agreement with CBS News. This partnership aims to enhance content search and discoverability, allowing easy access to millions of hours of archival and breaking news content for the global creative community. Veritone's aiWARE technology will aid in digitizing CBS News archives, improving the user experience through advanced transcription and AI-driven metadata. This agreement strengthens their long-standing collaboration and supports Veritone's international expansion efforts.
Veritone has completed its acquisition of PandoLogic for $150 million in a cash and stock deal, expected to enhance its AI and human capital management capabilities. PandoLogic generated over $50 million in SaaS revenues and $25 million in EBITDA in 2021. This strategic acquisition is anticipated to provide immediate accretion and diversify Veritone's revenue streams while addressing significant hiring challenges across industries.
Veritone announced a three-year agreement with RECUR to create NFTs using Pac-12 Networks athletics video content, enabling fans to own digital collectibles. Veritone will facilitate NFT creation by coordinating with student-athletes under the Pac-12 NIL Licensing Program. This partnership aims to democratize NFT access and enhance fan engagement by allowing them to collect and resell memorable college sports highlights through the new NFTU marketplace. Veritone's aiWARE technology will support this initiative, emphasizing the company's leadership in AI and digital content licensing.
Veritone, Inc. (Nasdaq: VERI) has expanded its engineering and product development teams by hiring five new senior members. The company’s Compensation Committee has granted equity awards comprising options for 93,000 shares and restricted stock units for 64,000 shares, with exercise prices ranging from $17.40 to $21.66. These options will vest over four years, while the restricted stock units will vest over two to four years, contingent on the employees’ ongoing employment. None of the new hires are executive officers.
Veritone, Inc. (NASDAQ: VERI) has announced a partnership with Mythical Entertainment, enabling the creation and management of synthetic voice models through its MARVEL.ai platform. With a reach of 75 million subscribers on YouTube, Mythical aims to enhance content monetization and localization using Veritone's voice-as-a-service (VaaS) solution. This collaboration is part of a rapidly growing voice commerce market, projected to reach $80 billion by 2023, and reflects Veritone's commitment to innovative content creation and licensing services.
Veritone (NASDAQ: VERI) announced the registration of its AI Object Notation (AION) as a standard internet media type by IANA. This media type, application/vnd.veritone.aion+json, simplifies AI development, expected to drive enterprise adoption of aiWARE™. AION enables seamless integration of various AI models, enhancing operational efficiencies in data extraction from unstructured content. Veritone aims to facilitate a unified approach to AI model deployment, minimizing programming efforts for developers. The company's focus on operationalizing AI across enterprises is underlined by this new development.
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