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 (NASDAQ: VERI) has announced that law enforcement agencies acquiring body-worn cameras (BWCs) through a Bureau of Justice Assistance grant can access six months of its video redaction software at no cost. Veritone Redact simplifies the process of removing personal identifiable information (PII) from video evidence, enhancing transparency and trust between agencies and communities. The initiative addresses the rising demand for video release due to a 200% increase in public records requests since 2018, which has strained agency resources.
Veritone, Inc. (NASDAQ: VERI) is set to participate in two significant conferences this August: the D.A. Davidson Bison Select Virtual Conference on August 4 and the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 11. The latter includes a presentation scheduled for 10:15 am PT. Both events will feature virtual 1x1 meetings. Interested parties can access presentations and webcasts for replay here. Veritone specializes in AI technology, powered by its operating system, aiWARE™.
Veritone, Inc. (NASDAQ: VERI) announced its second quarter 2021 financial results conference call scheduled for August 3, 2021, at 4:30 p.m. ET. The call will cover the company's financial results, business updates, and a Q&A session. Interested participants can join via webcast or dial-in, with pre-registration encouraged to avoid wait times. Veritone specializes in AI technology, with its proprietary operating system, aiWARE™, providing solutions for various organizations by transforming data into actionable intelligence.
Veritone (Nasdaq: VERI) has unveiled key enhancements to its aiWARE™ operating system, aimed at improving performance, scalability, and cost-efficiency for AI and ML developers. The aiWARE 3.0 update features reduced infrastructure costs by up to 20%, faster job processing, and a centralized app management system. Enhanced tools like the Automate Studio now allow for better workflow integration and real-time automation. With numerous clients, including the San Francisco Giants, Veritone continues to position aiWARE as a leading platform in enterprise AI solutions.
Veritone, Inc. (Nasdaq: VERI) has partnered with Authentic Brands Group (ABG) to become the official video technology and licensing partner for Sports Illustrated. This collaboration focuses on monetizing Sports Illustrated's extensive video archive, comprising 1.6 petabytes of content. Veritone will utilize its aiWARE technology and Digital Media Hub to automate content management and enhance access to historical footage. The partnership aims to expand the brand's reach, particularly in Europe, while also improving content delivery on Sports Illustrated's digital platforms.
Veritone, Inc (NASDAQ: VERI) is advancing its GRID initiative by developing a device learning model for SMA Sunny Central solar inverters. This initiative aims to enhance clean energy adoption and simplify the integration of distributed energy resources (DERs). The predictive AI model will support utilities in managing energy more efficiently, ensuring asset longevity and grid resilience. The technology is designed to address reliability challenges posed by variable energy sources, ultimately aiming for an interconnected, autonomous electrical grid.
Veritone (NASDAQ: VERI) has announced the award of its 14th US patent for its Conductor technology, enhancing the aiWARE platform. This technology utilizes a proprietary deep neural network to dynamically analyze data and orchestrate optimal AI models, improving efficiency in model selection across various cognitive categories. Veritone aims to democratize AI, enabling faster deployment and cost-effective model performance. Notable clients like Bloomberg and the San Francisco Giants utilize aiWARE for transforming diverse data sources into actionable insights.
Veritone (NASDAQ: VERI) is set to participate in two significant virtual conferences this June 2021. The first is the 2021 Virtual Cross Sector Insight Conference, where they will present on June 10 from 2:40 - 3:10 PM ET. The second event is the Roth Virtual London Conference, scheduled for June 21-23, during which one-on-one meetings will be held. Interested parties can find webcasts of the presentations on the investor events section of Veritone's website, and may contact the IR team for meeting arrangements.
Veritone, Inc. has launched MARVEL.ai, an innovative Voice-as-a-Service (VaaS) solution aimed at helping media companies, brands, and influencers create, manage, and monetize synthetic voices. This platform combines text-to-speech and speech-to-speech capabilities and is built on Veritone's aiWARE operating system. MARVEL.ai empowers users to effortlessly produce content, reduce time-to-market, and explore new revenue avenues while ensuring compliance and rights management. Veritone's expertise in artificial intelligence and digital content licensing positions it as a leader in the synthetic voice ecosystem.
Veritone (NASDAQ: VERI) has announced enhancements to its aiWARE™-powered Digital Media Hub, aimed at improving media management for content creators. This update includes new features such as the Annotation Tool, which allows users to tag and save information for media segments, and the Data Export Tool, enabling precise exports of content data. These enhancements are designed to boost content discoverability and operational efficiency, addressing challenges posed by COVID-19, and are anticipated to create additional licensing and revenue opportunities.
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