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 secured three new patents for its battery control technology, increasing its total to 13 patents with 16 applications pending. These innovations enable real-time synchronization and control of batteries, enhancing power distribution, safety, and efficiency in green energy grids. Veritone's technologies address challenges in Distributed Energy Resource integration, aiding utilities and battery providers in optimizing operations. CEO Chad Steelberg emphasized the importance of AI in overcoming technical barriers in energy storage and distribution.
Veritone, Inc. (Nasdaq: VERI) has launched a comprehensive audio content monetization and licensing service, targeting podcasters, broadcasters, and audio advertisers. Their extensive library includes millions of hours of AI-searchable historic and current audio content, already utilized by significant media brands like CBS News and NCAA. This new initiative allows audio creators to access premium audio clips and monetize their archives. Leading companies like Stitcher and Audible are among the initial customers benefiting from this service, aimed at enhancing the storytelling experience in podcasting.
Veritone, Inc. (Nasdaq: VERI) announced a renewed content licensing agreement with CBS News, enhancing access to millions of archival and breaking news content for content creators. This multi-year agreement aims to increase available footage while utilizing Veritone's AI technology to streamline content search and discovery. The CBS News Archives boasts over 2.5 million hours of iconic programming, including historic content from renowned shows. The partnership signifies a decade-long collaboration focused on empowering creatives with premium content licensing.
Veritone, Inc. (Nasdaq: VERI) has announced a strategic partnership with GovQA, LLC, aimed at enhancing transparency and efficiency in public record requests for government agencies. This collaboration integrates Veritone Redact with GovQA's Public Records Management Solution, enabling quicker processing of records requests while ensuring compliance with privacy laws. The surge in public records requests, which has risen by 56% since March, underscores the importance of this partnership for public safety agencies, helping them manage workloads effectively and maintain public trust.
Veritone, Inc. (NASDAQ: VERI) has launched DraftClips.com, a free platform offering access to over 2,600 exclusive collegiate and international basketball clips ahead of the professional basketball draft on November 18. Powered by Veritone's aiWARE and Digital Media Hub, the site provides ad-free viewing, AI-enabled search, and in-depth player profiles. This initiative follows the successful launch of a similar platform for professional football, aiming to engage fans during a disrupted sports season.
Veritone, Inc. (NASDAQ: VERI), a leader in artificial intelligence solutions, announced its participation in several virtual conferences in November and December 2020. Key events include the JMP Securities Small-Cap Technology Forum on November 10, Stifel Midwest One-on-One Growth Conference and Roth Technology Virtual Conference on November 11-12, Craig-Hallum Alpha Select Conference on November 17, and Northland IoT, AI and Safety Conference on December 7, among others. Interested parties can access presentations via the investor events section.
Veritone, Inc. (Nasdaq: VERI) has secured an exclusive licensing agreement with the South China Morning Post, granting it rights to over 50,000 hours of video content and 1.2 million photographs for clients in North America. This partnership aims to enhance Veritone's AI-powered content library and expand its global outreach. Key historical events featured include the COVID-19 outbreak and the Hong Kong Protests. Veritone's licensing portal, Veritone Commerce, will facilitate access to this rich content, providing creators with valuable resources for storytelling.
Veritone, Inc. (NASDAQ: VERI) will host a conference call on November 9, 2020, at 4:30 p.m. Eastern Time to discuss its third-quarter results. Investors can join via a live audio webcast or by pre-registering for dial-in access to avoid wait times. Veritone will also participate in several upcoming virtual conferences, including JMP Securities and Roth Technology Virtual Conferences, both scheduled for November 11-12. The company specializes in AI solutions, using its aiWARE™ operating system to deliver actionable insights across various sectors like media, government, and public safety.
Veritone, Inc. (Nasdaq: VERI) has appointed Michael L. Zemetra as Executive Vice President, Chief Financial Officer and Treasurer, effective immediately. Chairman and CEO Chad Steelberg expressed confidence in Zemetra's extensive experience in SaaS and digital media, which is expected to benefit Veritone's growth. Zemetra succeeds Peter F. Collins, who will remain in an advisory role during the transition. Zemetra brings 25 years of financial experience and will focus on customer-driven growth and expanded service offerings. His compensation includes equity awards under a new inducement grant plan.
Veritone, Inc. (Nasdaq: VERI) has launched Veritone Energy, a suite of AI-driven solutions aimed at enhancing profitability and grid reliability for utilities transitioning to renewable energy. With over $750 billion invested annually in global electricity projects, Veritone aims to optimize energy distribution through real-time forecasting, potentially saving utilities millions in costs. The new technology, currently deployed with a U.S. utility, targets significant challenges in integrating clean energy sources into the aging U.S. electric grid.
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