Veritone Conductor Produces Significant Accuracy Gains, Affirming that Orchestrated, Multi-Engine Cognition is the Future of ...
August 03 2017 - 11:43AM
Business Wire
Proprietary technology uses machine learning to
choose and optimize engines
Veritone® Inc. (NASDAQ: VERI), developer of the world’s first
artificial intelligence operating system, announced today that the
newest test version of its patent-pending machine-learning
technology – Conductor™ – has attained marked gains in
the accuracy levels produced by intelligently orchestrating
multiple cognitive engines for transcription of real-world data,
compared with any single transcription engine on the Veritone
Platform.
Veritone makes AI accessible and actionable by combining more
than 70 of the most advanced third-party engines across major
cognitive functions with a suite of powerful applications and a
proprietary orchestration layer, Conductor, informed by machine
learning. Deployable virtually anywhere, the Veritone Platform
produces time-correlated, multi-dimensional metadata from audio and
video data, unlocking new insights from linear files such as radio
and TV broadcasts, call-center conversations, and police bodycam
footage.
The performance gains achieved by Veritone’s Conductor validate
the company’s thesis that orchestrated cognition – multiple engines
automatically and intelligently directed and acting in concert – is
the future of AI. Using a proprietary machine learning algorithm to
predict the accuracy of each transcription engine based on the
characteristics of the media being processed, Conductor
automatically selects the best engine to process the file. The
newest version of Conductor under development can identify the best
engine for each portion of a file, applying multiple engines when
needed to fill accuracy gaps.
“Today, cognitive processing is limited by the performance of
single-point engines, relying on siloed, narrow innovation. The
idea that you’re only as good as your weakest player is completely
erased with the introduction of orchestrated cognition,” said Chad
Steelberg, chief executive officer of Veritone. “Conductor chooses
the best engines for each job, combining them where needed,
resulting in significant gains in accuracy. Our newest version of
Conductor currently being tested has delivered outstanding
performance gains – with low-quality media sources, the best single
natural language processing engine on our platform performs at 75
percent accuracy, but with Conductor selecting and orchestrating
multiple English-language engines within the platform, we have
achieved accuracy levels of 82 percent.”
Conductor performs particularly well when analyzing problematic
files that typically produce low accuracy rates, including media
containing music, those containing multiple voices and background
noise. The technology has the ability to “tune” audio media via
programmatic pre-processing, effectively operating as an
extraordinarily fast and seasoned audio engineer.
Led by vice president of product management Stephan Cunningham,
the Veritone team of Ph.D. data scientists and engineers leverages
the latest developments in AI to expand the capabilities of the
Veritone platform. With more than 70 issued and pending patents,
Veritone is constantly testing proprietary algorithms,
incorporating new engines, integrating new applications, and
testing new theories.
“Conductor intelligently orchestrates the natural language
processing engines within our platform, with the ability to analyze
content based on dozens of engines, languages and dialects,” said
Cunningham. “Perhaps more importantly, Conductor is now learning
contextual relevancy to not only optimize transcription to approach
human accuracy levels, but also to automatically identify and run
particularly relevant engines in the same or different classes of
cognition as content is ingested.”
Today, Conductor intelligently routes media to the most
appropriate transcription engine or engines. In the future, it will
do the same for all classes of cognition within the Veritone
Platform. For more information about Veritone and Conductor, visit
Veritone.com.
About Veritone
Veritone, Inc. is a leading artificial intelligence company that
has developed the Veritone Platform, which unlocks the power of
AI-based cognitive computing to transform and analyze unstructured
public and private audio and video data for clients in the media,
politics, legal and law enforcement industries. The open platform
integrates an ecosystem of best-of-breed cognitive engines and
powerful applications, which are orchestrated together to reveal
valuable, multivariate insights from private and public data. To
learn more about Veritone, please visit Veritone.com.
Safe Harbor Statement
This news release contains forward-looking statements, including
without limitation statements regarding Veritone’s Conductor
technology, the development, future release and capabilities of the
Company’s newest and future versions of Conductor, and the expected
benefits for customers. Without limiting the generality of the
foregoing, words such as “may,” “will,” “expect,” “believe,”
“anticipate,” “intend,” “could,” “estimate” or “continue” or the
negative or other variations thereof or comparable terminology are
intended to identify forward-looking statements. In addition, any
statements that refer to expectations, projections or other
characterizations of future events or circumstances are
forward-looking statements. Assumptions relating to the foregoing
involve judgments and risks with respect to various matters which
are difficult or impossible to predict accurately and many of which
are beyond the control of Veritone. Certain of these risks are
discussed under the heading “Risk Factors” in Veritone’s periodic
filings with the Securities and Exchange Commission. Although
Veritone believes that the assumptions underlying the
forward-looking statements are reasonable, any of the assumptions
could prove inaccurate and, therefore, there can be no assurance
that the results contemplated in forward-looking statements will be
realized. In light of the significant uncertainties inherent in the
forward-looking information included herein, the inclusion of such
information should not be regarded as a representation by Veritone
or any other person that their objectives or plans will be
achieved. Veritone undertakes no obligation to revise the
forward-looking statements contained herein to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
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BLASTmedia for Veritone, Inc.Kimberly Jefferson, 317-806-1900
ext.104kim@blastmedia.com
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