Veritone Stock Price, News & Analysis

Veritone (NASDAQ: VERI) announced a new webinar titled 'Why Success with AI Requires an Evolution,' scheduled for February 18, 2025. The virtual event will feature experts from IDC, AWS, and Veritone discussing strategic AI adoption approaches.

The webinar aims to address how organizations can achieve competitive advantages through AI implementation, with companies targeting a 70% or higher success rate for AI projects. Key topics include identifying strategic AI opportunities, the importance of trusted AI partners, data modernization, and responsible AI adoption practices.

Speakers include Nancy Gohring from IDC, Pradyut Bafna from AWS, and Art Zepf from Veritone, with Jim Malone from IDG/Foundry/CIO Marketing Services moderating.

Veritone has released its analysis of Q4 and annual 2024 U.S. labor market trends, highlighting significant growth in AI job opportunities. While total nonfarm payroll employment showed a 2.94% decrease in Q4, AI job openings increased by 7.3% compared to Q3 2024 and 36.6% year-over-year. The analysis reveals that 2024 saw 81,298 AI job openings, a 24.5% increase from 2023.

The median annual salary for AI roles was $155,688 in Q4 2024, showing a slight 1.5% decrease from Q3, but the overall 2024 median of $151,996 represented a 2.7% increase from 2023. Amazon led AI hiring with 786 openings, followed by Apple (702) and TikTok (625). The U.S. unemployment rate remained at 4.1%, while average hourly earnings across all sectors increased by 3.9% in 2024, the slowest pace in three years.

Veritone (NASDAQ: VERI) has announced a major enhancement to its Veritone Contact solution with Contact Analytics, a tool designed to transform how law enforcement agencies analyze stop data. Built on the aiWARE enterprise AI platform, this solution enables agencies to access near real-time analytics on traffic and pedestrian stop data, supporting compliance with California's Racial and Identity Profiling Act (RIPA).

The new Contact Analytics feature allows agencies to instantly analyze their complete stop data repository, rather than waiting for annual reports from the California State Department of Justice. The system offers customizable filters for data analysis by various parameters including year, month, race, and use of force, along with detailed demographic breakdowns and comprehensive insights into stops, searches, and force metrics.

Veritone (NASDAQ: VERI) has announced a registered direct offering of 8,023,716 shares of common stock at $2.53 per share (or pre-funded warrants at $2.52) to Esousa Group Holdings, The offering is expected to generate approximately $20.3 million in gross proceeds before expenses.

The pre-funded warrants come with a $0.01 exercise price, are immediately exercisable, and have a five-year term. The offering is anticipated to close around January 3, 2025. Veritone plans to use the net proceeds for working capital, general corporate purposes, capital expenditures, debt service, repayment of indebtedness, and further development of its AI platform and applications.

The offering is being conducted under a shelf registration statement on Form S-3 that became effective on June 21, 2024.

Veritone (NASDAQ: VERI) has renewed its exclusive global licensing agreement with CBS News, expanding the partnership to include CBS Owned Stations' local news content. The multi-year contract renewal enables Veritone to continue providing content licensing solutions, giving creators access to millions of hours of CBS News archival and breaking news content.

CBS News and Stations will utilize Veritone's aiWARE enterprise AI platform, which enhances content accessibility across distribution channels and creates new monetization opportunities. The platform indexes the CBS library with time-correlated metadata, enabling precise search and retrieval of specific scenes, quotes, or highlights, while automating rights management and delivery.

Veritone (NASDAQ: VERI) has announced the availability of its Artificial Intelligence Solutions Group (AISG) offerings on the AWS Marketplace. This expansion allows organizations to access, purchase, and deploy Veritone's AI solutions directly within the AWS cloud environment.

The AISG offerings include Data/AI Enablement Workshops, AI Solution Development, Generative AI/Retrieval-Augmented Generation, Data Modernization, Data Analytics & Visualization, Database Migration & Optimization, and Database Governance. This move follows Veritone's three-year Strategic Collaboration Agreement with AWS and their achievement of AWS Advanced Tier Services Partner status within the AWS Partner Network.

Veritone (NASDAQ: VERI) has launched Veritone Data Refinery (VDR), a new solution that transforms unstructured data into AI-ready assets using their aiWARE™ platform. The solution addresses the predicted shortage of high-quality text data by 2026, enabling organizations to convert various data types into structured datasets for training Large Language Models and Large Multimodal Models.

VDR creates a centralized repository for managing and securing intellectual property, offering enterprise-grade encryption, GDPR compliance, and SOC2 certification. The platform allows organizations to extract value from Veritone's 20+ applications, develop custom AI solutions, and explore data monetization opportunities through third-party licensing.

Veritone (NASDAQ: VERI) has announced its participation in Needham's 6th Annual Virtual Infrastructure, Data Analytics Software, and Cloud Communications Conference. President and CEO Ryan Steelberg and CFO Mike Zemetra will deliver a presentation on November 20, 2024, at 1:30 PM ET, followed by a 15-minute Q&A session.

Investors can access the live webcast through the Veritone Investor Relations website under the News & Events section. Interested parties can arrange one-on-one meetings with management through their Needham representative or by contacting Veritone's investor relations directly.

Veritone (NASDAQ: VERI) has launched its AI-powered programmatic job advertising service in Australia. The solution optimizes recruitment by automating job ad placements across over 2,000 job boards in 180+ countries, integrating with 120+ application tracking systems. The service includes automated diversity job posting aligned with OFCCP standards. Aveo Group, an early adopter, reports significant improvements in application volume and quality, along with optimized recruitment costs through the implementation of Veritone's AI-driven solution.