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Veritone Inc (VERI)

3.51

0.095

(2.78%)

Closed April 27 4:00PM

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3.52

0.01

(0.28%)

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Veritone Clinches 2024 NAB Product of the Year Award for a Fifth Time with Generative AI Solution

New Ask Veri media intelligence tool earns top billing in the AI and Machine Learning category for empowering customers to talk to their data for...

Veritone to Hold First Quarter 2024 Results Conference Call on May 7th

Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today announced the details of its first quarter 2024 financial...

Veritone Enhances Advertising and Content Intelligence Suite to Support Future-Proofing of Client Broadcast Revenues

Technology enhancements provide data granularity and support safeguarding of ad revenues while prioritizing data privacy and security Veritone...

Veritone and Grabyo Partner to Create AI-Powered Live Clipping, Asset Management and Monetization Solution

Capture, edit and share content in real-time through Grabyo and publish directly to Veritone’s AI-powered Digital Media Hub for onward management...

Veritone to Showcase Innovative AI Solutions, Including New Ask Veri Tool, at the 2024 NAB Show

AI leader to share demos and thought leadership on practical applications of AI for media and entertainment industries Veritone, Inc. (NASDAQ:...

MEDIA ADVISORY: Broadcast Media Has a Measurement Issue; Can AI Solve It?

Upcoming Veritone and The Center for Sales Strategy webinar to explore how AI is demonstrating campaign performance and creating meaningful...

Veritone Launches Ask Veri to Empower Customers to Talk to Their Data for Actionable Insights and Workflow Activation

New Generative AI media intelligence and natural language tool enables democratization of data exploration and activation to provide value from...

Veritone Partners with WSI Technologies to Automate Public Records Requests for Primary State-Wide Law Enforcement Agency

Veritone’s AI-powered redaction software enables a primary state law enforcement agency to streamline processes and address ever-increasing FOIA...

Veritone Reports Fourth Quarter and Fiscal Year 2023 Results

– Fiscal Year 2023 Revenue of $127.6 Million, in line with previously stated guidance – – Q4 Total Revenue and Software Revenue of $34.2 and...

Veritone Launches AI-Powered iDEMS for Public Safety and Judicial Agencies

Veritone’s iDEMS (Intelligent Digital Evidence Management System) platform is one of the industry’s first cloud-based digital evidence management...

Dalet and Veritone Reach Agreement to Distribute, Transact and Monetize Media Archives

Industry leaders to offer end-to-end media asset management and monetization platform Dalet, a leading technology and service provider for...

Form 4 - Statement of changes in beneficial ownership of securities

Veritone Announces Restructuring Initiatives

Veritone, Inc. (NASDAQ: VERI), a leader in enterprise AI software and solutions, today announced that it has implemented various restructuring...

Veritone to Hold Fourth Quarter and Full Year 2023 Results Conference Call on March 12

Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today announced the details of its fourth quarter and full year...

Form 8-K - Current report

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GBR

GBR 10 hours ago

RS interview

hogging all the air time lol.

GBR

KVM

As of 3/25 still had 696 employees. Where did they cut?

GBR

And they obviously don't care about their stock price.

Think we could see a strategic announcement on or before May 7.

GBR

Not only do they not update aiWare website, they still don't even make it searchable via Google.

This weeks interview with RS is one of the few times if not the only time he has spent any time discussing aiWare since he has been CEO.

And Veritone Hire never mentions aiWare. Even since they acquired Pando back in 2021, Pando never said running on aiWare. Broadbean has never said running on aiWare.

Gridbeyond never mentions aiWare.

And now when RS mentions aiWare he refers to Bedrock.

KVM

Interesting too that they still haven't updated Aiware.com since 12/23. Or updated copyright.

KVM

Interesting point. Probably just a slip unless something else in mind. But tired of all speculation that amounts to nada. Want to see revenues.

GBR

Another comment RS made in that interview:

"Our vision was to create a platform, which today is still called aiWare"

Why would he say "today still called aiWare"? Why wouldn't it be still called aiWare?

GBR

Keep thinking about the

"cloud agnostic version of Bedrock" comment.

Amazon must have a ton of customers that don't just use AWS as their cloud provider. The federal government is one example. Think Amazon understands that ultimately a platform or framework like Amazon Bedrock needs to be cloud agnostic. Think if Bedrock remained limited to only AWS cloud, then eventually it will be surpassed by a cloud agnostic platform. Amazon could spin off Bedrock, and use a company like Veritone to go public with Bedrock.

As we know, RS spends a lot of his interviews on talking about AI for good, or AI in general. Never talks about how Veritone differentiates in the market. They still are quiet on Veritone Hire. They changed the name to Veritone Hire, and that's it so far. They set up different pages on Linkedin (Veritone Hire, Veritone Public Sector, and Veritone M&E) and so far are hardly using those pages.

Veritone keeps talking about revenue and cost synergies in the 2nd half of 2024. But they say their guidance does not include the revenue and cost synergies.
And we know they hardly talk about aiWare in general anymore.

KVM

Seems odd up almost 15% on measley 350k shares.

cpeter7

cpeter7 4 days ago

For what’s worth CDAO is listed on the most recent presentation.

https://d1io3yog0oux5.cloudfront.net/_7356ac26a43d4527042628b98d06b183/veritone/db/2223/21167/pdf/VERI+4Q23+Investor+Presentation+%284-4-24%29_v4.pdf

GBR

I could see a partnership with Amazon
where Veritone provides aiWare capabilities to Bedrock, and in turn, Amazon helps scale Veritone's verticals.

But still no revenues to substantiate. And still no sense of urgency to get going with Veritone Hire.

GBR

Very possible.

And that would make this comment an outright lie.

We're seeing an explosion
of demand for Veritone’s AI applications, aiWARE platform and solution capabilities

cpeter7

cpeter7 4 days ago

I agree somewhat I think the only saving grace is if the DOD's been using aiWARE and that's why nothing has been marketed. We know the JAIC was using aiWARE just a question if now the CDAO is still using it.

GBR

Bedrock not limited to LLM models.

And hard for me to believe that aiWare is competing against Bedrock. If that were the case, then its clearly a losing proposition. I don't think RS is that stupid.

You go on AWS Marketplace, and says Veritone Investigate powered by AWS, not aiWare. If aiWare competing with Bedrock, then obviously Veritone doing a lousy job of it.

He's mentioned Bedrock publicly at least twice, first saying, aiWare is the original Bedrock, then yesterday saying aiWare is cloud agnostic version of Bedrock.

DMH runs on aiWare. AWS demonstrated an AWS version of DMH. RS said AWS their primary cloud partner yesterday.

But, still no evidence of any Veritone revenue ramp associated with AWS GTM partnership. And still very quiet on Veritone Hire.

KVM

Aiware becoming irrelevant. If relevant would have had buyouts, investments, PRs anything announcing these capabilities. But nothing except to say cloud agnostic. Soon every other big name will have their own version of Aiware or Bedrock etc. Aiware done again just as an internal platform. And soon Veri will follow right behind as irrelevant.

cpeter7

cpeter7 4 days ago

Veritone talks about "engine" capabilities. I wonder if Bedrock can do the same or if its just LLM models.

cpeter7

cpeter7 4 days ago

Seems like they've already surpassed aiWARE. I sure hope they are utilizing aiWARE and AION file types but who knows.

"Tens of thousands of customers have already selected Amazon Bedrock as the foundation for their generative AI strategy because it gives them access to the broadest selection of first- and third-party large language models (LLMs) and other foundation models (FMs) from leading AI companies, including AI21 Labs, Anthropic, Cohere, Meta, Mistral AI, Stability AI, and Amazon, along with leading ease-of-use capabilities to quickly build and deploy generative AI applications."

GBR

Today Amazon announcing bring your own AI model to Bedrock.

With this new capability, AWS makes it easy for organizations to choose a combination of Amazon Bedrock models and their own custom models via the same API.
https://www.aboutamazon.com/news/aws/amazon-bedrock-new-innovations-generative-ai-applications

Also has an update similar to Veritone Benchmark.

aiWare is either going to quickly become irrelevant or Veritone is licensing aiWare capabilities. jmo

KVM

The sell for free a Wilderness Guide for Ai.
Meanwhile investors get f---cked.

GBR

Yes, a cloud agnostic version of Bedrock. And said more mature. Just can't figure out why they have not touted aiWare and capabilities since RS took over as CEO. Any time Ryan speaks, there is never any urge to try to sell Veritone products or platform. Talks more about AI for good, and industry in general. Hope they have a plan in place.

cpeter7

cpeter7 5 days ago

https://digitaltransformationpodcast.libsyn.com/the-use-application-and-value-of-artificial-intelligence-today?linkId=223901

Surprisingly RS dropped aiWARE.com and compared aiWARE to bedrock. Around the 16 min mark

deet49

deet49 5 days ago

GridBeyond if growing like fire blazing fast
What is the market cap of gridbeyond after the $55m cash raise?
Do we smell an upcoming IPO ?

VERI holds 4,160,644 of Series B Preference Shares in GridBeyond

Maybe we do the same with BENJI health probally better in the hands of a more specialized heath company

GBR

Yeah, pretty sure we will always be stuck with the Steelbergs on the Board. But now replace Kurtz and Taketa and maybe they can make something out of this company.

cpeter7

cpeter7 1 week ago

Seems like Keithley has an actual background in computer science which will be a nice change. Agreed seems like he'll have more pull and hopefully not fall for the constant empty promises. Either way glad they could lore him on the board with all his connections.

GBR

An improvement as far as I'm concerned.

Watched a couple videos of him on YouTube. He doesn't appear to be a "yes" man to me. And guessing he has a much bigger rolodex than Jeff Gehl

Guessing over the years that Jeff Gehl went along with everything Steelbergs said.

cpeter7

cpeter7 1 week ago

Thoughts on Michael Keithley joining the board? Seems like he's on a ton of board positions already.

deet49

deet49 1 week ago

Who leads a symphony...?

As good as anyone trumpeter is it takes an orchestra to make the symphony and everyone has thier places guided by the

CONDUCTOR

https://www.nextgov.com/artificial-intelligence/

GBR

agree

They built up expectations for big revelations on Veritone Hire. And all they did was say "we are now called Veritone Hire" lol

New website is lame at best.

Nothing coming out of NAB.

Very disappointing week, and another example of lack of execution on the part of RS.

KVM

Got to get out of this POS

GBR

Veritone surprisingly quiet yesterday on Linkedin. Ask Veri won a NAB award yesterday, but I don't see that anyone posted about it.

https://www.nab.org/documents/newsRoom/pressRelease.asp?id=6975

GBR

GBR 2 weeks ago

New Forbes article
https://www.forbes.com/sites/zengernews/2024/04/16/truth-in-the-signal-veritone-shepherds-epoch-enterprise-empowerment/?sh=2c6681eb2588

Another beef I have. Every time RS is interviewed, half the interview is spent going through the Steelberg history of previous companies. Who f@##ing cares?

GBR

GBR 2 weeks ago

"But to not be touting aiWARE at all to me is not a good sign. Also to with CS’s ouster aiWARE development/adoption couldn’t have been going to well. "

There is a chance that aiWare not being touted because it is being integrated into other platforms like Adobe or Amazon Bedrock.

When you think about it, considering Veritone's financial position, and the fact that they threw a good share of their money into HR tech, are they really in the position to be competitive with aiWare as a standalone platform. The likes of Adobe and Amazon have an unlimited supply of money to throw into their platforms. Also, is it reasonable to expect that huge entities like the DOD or DOJ would rely on Veritone for the ongoing servicing and developing of aiWARE. I think any future for aiWare lies in the integration of aiWare capabilities into other platforms, and that could be the reason why Veritone not touting aiWare. Still, need execution and results. The fact that we are still left to speculate is not encouraging at all.

I expected more from the new website. The HR features still direct you to Pando and Broadbean websites. My guess is that the website is a work in progress, but still frustrating. The partner list is the same partner list from back when they had the energy business. That is tacky to me to still be listing the various energy companies as partners. And we know they have a list of HR partners like Linkedin, ADP, Indeed, Bullhorn. Why don't they list those partners on the partner page.

I expected more from AWS at NAB concerning Veritone. We read about GTM plans with AWS. Still nothing for Veritone investors to see.

cpeter7

cpeter7 2 weeks ago

Ya agreed I mean I understand why details on DOD would be scarce. But to not be touting aiWARE at all to me is not a good sign. Also to with CS’s ouster aiWARE development/adoption couldn’t have been going to well. Still don’t think even next earnings call we get much info seems like gearing up for second half. The rebranding tho could be a coming out party.

GBR

GBR 2 weeks ago

We shouldn't still have to be digging for information in obscure places. They should be bringing it front and center for all to see.

GBR

GBR 2 weeks ago

"seems like aiWARE is low in the stack and vital to AI models running efficiently."

Agree, and like you say, Veritone not interested in pumping the stock.

This article concerning Adobe at NAB, you can see that Adobe has the same aiWARE like ideas for their future.

"Adobe sees a future in which thousands of specialized models emerge, each strong in their own niche. "
https://www.newscaststudio.com/2024/04/15/adobe-generative-ai-adobe-premiere-pro-nab-2024/

You can look at the Amazon Bedrock demonstrations at NAB, and see that they are going in the same direction, all about onboarding third party AI models.

Veritone not interested in touting aiWARE. Apparently have a new version, but don't want anyone to know about it. Took aiWare off AWS marketplace. Don't even have DMH on AWS marketplace.

Well if they don't want to market it, then the benefits of aiWARE should at least show up in revenues and guidance. If they don't want to talk about it AND not showing up in revenues or guidance, then how do you assign any credibility to them.

If aiWare not in the game now, doubt it ever will be. Up to Veritone to Execute.

Maybe it's true what RS says "Demand exploding for aiWare and applications." His words mean nothing anymore. And we got enough of that unsubstantiated BS from CS. Time to Execute.

cpeter7

cpeter7 2 weeks ago

Ya true I know they haven't really even been interested in pumping the stock. But it could be viewed as a selling point to have an in with the DOD. Time will tell I'm sure it's a long process to be able to make information public when it relates to the DOD. I know they mentioned last earnings call potential gov contracts. If so, would be massive seems like aiWARE is low in the stack and vital to AI models running efficiently.

KVM

KVM 2 weeks ago

Why list that page if all of it or at least some of it no longer relevant

cpeter7

cpeter7 2 weeks ago

From the document

$249M DoD BPA to accelerate
AI capabilities of Joint Artificial
Intelligence Center (JAIC)

I guess the question is did the CDAO continue the program? I feel like an update on the contract is warranted.

KVM

KVM 2 weeks ago

Like you say I never saw it before along with other things on that site. Some new some just repeats and some just confirmations. Like lists some new Fed agencies.

cpeter7

cpeter7 2 weeks ago

Interesting the document related to the DOD case study has copyright from 2022. But I don’t think it was ever available before

KVM

KVM 2 weeks ago

Don't know if new but under Veritone Public under use cases states DoD utilizing Aiware

GBR

GBR 2 weeks ago

did you find something new

KVM

KVM 2 weeks ago

looks like DoD is utilizing the Aiware platform. So a start

GBR

GBR 2 weeks ago

I see this headline, but cannot bring up the article.

GridBeyond announces €52m in growth financing

GBR

GBR 2 weeks ago

Today's reveal was all cosmetic. Nothing coming out of NAB. Next up, earnings call.

GBR

GBR 2 weeks ago

Thanks, also new Linkedin sites for Veritone Public Sector, and Veritone Media and Entertainment.

cpeter7

cpeter7 2 weeks ago

new LinkedIn Page
https://www.linkedin.com/showcase/veritone-hire/

KVM

KVM 2 weeks ago

Hopefully PR change and enlighten us on the new capabilities from the combo and any new tech and GTM strategy for combined cos.

GBR

GBR 2 weeks ago

If you go to either Pandologic or Broadbean website, as of today you see a pop-up message that says "We’re pleased to announce that Broadbean is now Veritone Hire!" Have not found anything more though.

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