Veritone Wins 2021 Artificial Intelligence Excellence Award for Second Consecutive Year
Veritone, Inc. (NASDAQ: VERI), the creator of the world’s first operating system for artificial intelligence, aiWARE™, today announced that Business Intelligence Group has named Veritone as a winner in the 2021 Artificial Intelligence Excellence Awards for its patented suite of real-time AI-powered Veritone Energy Solutions.
(Graphic: Business Wire)
Launched in the fall of 2020, Veritone’s energy solutions optimize smart grid energy distribution by continuously knowing how much of what type of energy to deliver where, providing grid resilience and autonomous microgrid management when portions of the grid fail, and optimal economic dispatch during normal operations.
The solutions deliver supply/demand forecasting, energy smoothing and optimization, DER synchronization and predictive control, energy arbitrage, and smart grid simulation. The solutions collect current weather forecast data, energy demand, and pricing data, and detect the current state and capacity of all energy devices, to intelligently determine the ideal energy supply mix and pricing to meet grid demand, in real time. Utilities and developers can now deliver profitable renewable energy with unparalleled grid efficiency and resiliency.
Veritone’s AI solutions for energy are covered by 13 patents issued in the United States and other countries, with an additional 16 patent applications pending. The patented Cooperative Distributed Inferencing (CDI) technology forms the backbone of Veritone Energy Solutions, delivering real-time dynamic modeling and control that continuously ensures predictable energy distribution and resilience across the grid.
“We are honored to be recognized as a top AI company for our suite of AI-powered energy solutions,” said Chad Steelberg, CEO and founder of Veritone. “As the world transitions to more renewable energy resources, the unpredictability of these
