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. (NASDAQ: VERI) is a software publisher in the information sector that focuses on enterprise AI and data solutions. The VERI news feed on Stock Titan surfaces company announcements, earnings-related releases, contract updates, product news, and partnership disclosures drawn from Veritone’s public communications and SEC filings.
Recent Veritone news emphasizes its aiWARE™ AI operating system, which orchestrates multiple machine learning models to transform structured and unstructured data into actionable intelligence. Coverage includes announcements about aiWARE’s role in advancing an AI-first, modular open architecture strategy for defense-related agencies, its FedRAMP-authorized status for government use, and its availability on platforms such as the DoD Platform One Solutions Marketplace and the CDAO Tradewinds Solutions Marketplace.
Investors and followers of VERI can also expect news on public safety and digital evidence solutions, including the Intelligent Digital Evidence Management System (iDEMS) and the Veritone Redact application. Releases have detailed new AI-powered features such as voice masking, inverse blur, and multilingual transcription, as well as partnerships that position iDEMS as a lead investigations solution within broader public safety programs.
Financial and capital markets updates are another key component of Veritone’s news flow. The company regularly issues press releases and Form 8-K filings discussing quarterly results, non-GAAP performance metrics, registered direct offerings, amendments to credit agreements, and transactions involving term loan repayment and convertible note repurchases. News items also highlight developments in Veritone Data Refinery (VDR), media and entertainment contracts, and collaborations that extend aiWARE to edge environments and live-event production.
By reviewing the VERI news page, readers can track how Veritone’s AI platform, sector focus, and financial decisions evolve over time across the media, public sector, and talent acquisition markets.
Veritone (NASDAQ: VERI) has announced the appointment of Michael Keithley to its Board of Directors. Keithley, previously the CIO at United Talent Agency and Creative Artists Agency, brings extensive experience in entertainment technology, cybersecurity, and corporate strategy. This move aims to strengthen Veritone’s commitment to AI-powered solutions for media, entertainment, sports, and broadcasting sectors. CEO Ryan Steelberg highlighted Keithley’s expertise in emerging technologies and strategic partnerships. Keithley expressed enthusiasm about joining Veritone and contributing to its growth in AI innovation.
Veritone (NASDAQ: VERI) analyzed the U.S. Bureau of Labor Statistics April 2024 Jobs Report and AI job growth using data from Aspen Technology Labs. The report highlighted that total nonfarm payroll employment rose by 175,000, while the unemployment rate remained at 3.9%. Average hourly earnings grew by 0.2% to $34.75. In contrast, AI job vacancies surged by 32% year-over-year to 14,117, with a median salary jump from $144,986 to $160,056. The analysis emphasized AI’s rapid job growth and higher wages compared to the general market, showing significant demand for AI expertise.
Veritone, a leader in AI solutions, announced the availability of its public sector solutions in AWS Marketplace. This move enhances accessibility and deployment of their AI-driven tools within AWS's cloud environment. Key products include Veritone Investigate, Redact, Illuminate, and IDentify, all designed to streamline workflows, enhance productivity, and ensure compliance for public agencies. Recognized with the AWS Public Safety Software Competency, these tools offer specialized, proven customer success. Additionally, Veritone achieved AWS Advanced Tier Services Partner status, signifying technical expertise and customer satisfaction. This collaboration underlines Veritone's commitment to empowering government, legal, and educational sectors with cutting-edge AI technology.
Veritone, a leader in AI solutions, has entered a strategic partnership with Creative Artists Agency (CAA) to launch theCAAvault, a synthetic media vault designed for the entertainment industry. Veritone will provide its Digital Media Hub (DMH) technology to store and manage digital talent assets like names, images, and voice recordings securely.
TheCAAvault aims to offer artists a secure platform for storing and sharing their digital assets while ensuring ethical AI usage. This partnership is set to drive innovation, security, and ethical considerations in the entertainment industry, reinforcing Veritone's mission of 'AI for Good.'
Veritone reported total revenue of $31.6 million for Q1 2024, exceeding guidance. ARR of $72.1 million, with 67% from subscription-based customers. New bookings of $13.0 million. Restructuring led to over $13.0 million in annualized savings.
Veritone, Inc. (NASDAQ: VERI) has launched an AI consulting and services group to assist in the implementation of AI technologies. The company has achieved AWS Advanced Tier Services Partner status within the AWS Partner Network by meeting technical requirements and demonstrating expertise. Veritone aims to empower businesses through custom AI strategy development, workflow solutions, and innovation workshops, facilitating digital transformation and AI activation.
Veritone, Inc. (VERI) and OPEXUS partner to offer AI solutions to a major national Canadian bank, enhancing data privacy workflows and compliance with regulations. Veritone's Redact solution uses machine learning to redact sensitive information in audio and video data, reducing redaction times by up to 90%. The partnership aims to improve data security, regulatory compliance, and trust in financial services.
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