Veritone, Inc. develops enterprise artificial intelligence and data solutions for commercial, government and regulated-sector customers. Its updates center on the aiWARE platform, which orchestrates machine learning models for audio, video and other data, along with industry applications such as Broadbean by Veritone for job distribution, iDEMS for investigative digital evidence management, and Discovery Content Intelligence for media archives.
Recurring news also covers Veritone Data Refinery and Veritone Data Marketplace, privacy and redaction tools for unstructured data, customer deployments in public-sector and enterprise markets, technology partnerships, and quarterly operating updates. Company announcements frequently connect its AI software, data services and managed services to hiring workflows, digital evidence, media analysis, data preparation and cloud infrastructure.
Veritone, Inc. (Nasdaq: VERI) has announced that its AI operating system, aiWARE™, now supports the NVIDIA CUDA platform. This advancement allows organizations to execute intensive AI and machine learning tasks utilizing NVIDIA GPUs, whether on-premises or in cloud environments such as Microsoft Azure and Amazon Web Services. This integration enables faster processing of video, audio, and text data, optimizing performance across various sectors, including energy, security, smart cities, media, and industrial applications.
Veritone, Inc. (Nasdaq: VERI) has secured three new patents for its battery control technology, increasing its total to 13 patents with 16 applications pending. These innovations enable real-time synchronization and control of batteries, enhancing power distribution, safety, and efficiency in green energy grids. Veritone's technologies address challenges in Distributed Energy Resource integration, aiding utilities and battery providers in optimizing operations. CEO Chad Steelberg emphasized the importance of AI in overcoming technical barriers in energy storage and distribution.
Veritone, Inc. (Nasdaq: VERI) has launched a comprehensive audio content monetization and licensing service, targeting podcasters, broadcasters, and audio advertisers. Their extensive library includes millions of hours of AI-searchable historic and current audio content, already utilized by significant media brands like CBS News and NCAA. This new initiative allows audio creators to access premium audio clips and monetize their archives. Leading companies like Stitcher and Audible are among the initial customers benefiting from this service, aimed at enhancing the storytelling experience in podcasting.
Veritone, Inc. (Nasdaq: VERI) announced a renewed content licensing agreement with CBS News, enhancing access to millions of archival and breaking news content for content creators. This multi-year agreement aims to increase available footage while utilizing Veritone's AI technology to streamline content search and discovery. The CBS News Archives boasts over 2.5 million hours of iconic programming, including historic content from renowned shows. The partnership signifies a decade-long collaboration focused on empowering creatives with premium content licensing.
Veritone, Inc. (Nasdaq: VERI) has announced a strategic partnership with GovQA, LLC, aimed at enhancing transparency and efficiency in public record requests for government agencies. This collaboration integrates Veritone Redact with GovQA's Public Records Management Solution, enabling quicker processing of records requests while ensuring compliance with privacy laws. The surge in public records requests, which has risen by 56% since March, underscores the importance of this partnership for public safety agencies, helping them manage workloads effectively and maintain public trust.
Veritone, Inc. (NASDAQ: VERI) has launched DraftClips.com, a free platform offering access to over 2,600 exclusive collegiate and international basketball clips ahead of the professional basketball draft on November 18. Powered by Veritone's aiWARE and Digital Media Hub, the site provides ad-free viewing, AI-enabled search, and in-depth player profiles. This initiative follows the successful launch of a similar platform for professional football, aiming to engage fans during a disrupted sports season.
Veritone, Inc. (NASDAQ: VERI), a leader in artificial intelligence solutions, announced its participation in several virtual conferences in November and December 2020. Key events include the JMP Securities Small-Cap Technology Forum on November 10, Stifel Midwest One-on-One Growth Conference and Roth Technology Virtual Conference on November 11-12, Craig-Hallum Alpha Select Conference on November 17, and Northland IoT, AI and Safety Conference on December 7, among others. Interested parties can access presentations via the investor events section.
Veritone, Inc. (Nasdaq: VERI) has secured an exclusive licensing agreement with the South China Morning Post, granting it rights to over 50,000 hours of video content and 1.2 million photographs for clients in North America. This partnership aims to enhance Veritone's AI-powered content library and expand its global outreach. Key historical events featured include the COVID-19 outbreak and the Hong Kong Protests. Veritone's licensing portal, Veritone Commerce, will facilitate access to this rich content, providing creators with valuable resources for storytelling.
Veritone, Inc. (NASDAQ: VERI) will host a conference call on November 9, 2020, at 4:30 p.m. Eastern Time to discuss its third-quarter results. Investors can join via a live audio webcast or by pre-registering for dial-in access to avoid wait times. Veritone will also participate in several upcoming virtual conferences, including JMP Securities and Roth Technology Virtual Conferences, both scheduled for November 11-12. The company specializes in AI solutions, using its aiWARE™ operating system to deliver actionable insights across various sectors like media, government, and public safety.
Veritone, Inc. (Nasdaq: VERI) has appointed Michael L. Zemetra as Executive Vice President, Chief Financial Officer and Treasurer, effective immediately. Chairman and CEO Chad Steelberg expressed confidence in Zemetra's extensive experience in SaaS and digital media, which is expected to benefit Veritone's growth. Zemetra succeeds Peter F. Collins, who will remain in an advisory role during the transition. Zemetra brings 25 years of financial experience and will focus on customer-driven growth and expanded service offerings. His compensation includes equity awards under a new inducement grant plan.