Veritone Stock Price, News & Analysis

Veritone (NASDAQ: VERI) has entered a multi-year agreement with World Horse Racing, an international digital media entity supported by iconic horse racing organizations including Ascot Racecourse and the Breeders' Cup. Veritone's AI-powered Digital Media Hub (DMH) will be used for intelligent asset management, facilitating rapid content curation, distribution, and monetization. The collaboration aims to streamline media workflows, enhance global distribution, and provide centralized functionality for remote production environments. DMH offers advanced features like AI-driven search, content monetization, and future upgrades including semantic search and enhanced admin control.

Veritone (NASDAQ: VERI) has announced the appointment of Michael Keithley to its Board of Directors. Keithley, previously the CIO at United Talent Agency and Creative Artists Agency, brings extensive experience in entertainment technology, cybersecurity, and corporate strategy. This move aims to strengthen Veritone’s commitment to AI-powered solutions for media, entertainment, sports, and broadcasting sectors. CEO Ryan Steelberg highlighted Keithley’s expertise in emerging technologies and strategic partnerships. Keithley expressed enthusiasm about joining Veritone and contributing to its growth in AI innovation.

Veritone (NASDAQ: VERI) analyzed the U.S. Bureau of Labor Statistics April 2024 Jobs Report and AI job growth using data from Aspen Technology Labs. The report highlighted that total nonfarm payroll employment rose by 175,000, while the unemployment rate remained at 3.9%. Average hourly earnings grew by 0.2% to $34.75. In contrast, AI job vacancies surged by 32% year-over-year to 14,117, with a median salary jump from $144,986 to $160,056. The analysis emphasized AI’s rapid job growth and higher wages compared to the general market, showing significant demand for AI expertise.

Veritone, a leader in AI solutions, announced the availability of its public sector solutions in AWS Marketplace. This move enhances accessibility and deployment of their AI-driven tools within AWS's cloud environment. Key products include Veritone Investigate, Redact, Illuminate, and IDentify, all designed to streamline workflows, enhance productivity, and ensure compliance for public agencies. Recognized with the AWS Public Safety Software Competency, these tools offer specialized, proven customer success. Additionally, Veritone achieved AWS Advanced Tier Services Partner status, signifying technical expertise and customer satisfaction. This collaboration underlines Veritone's commitment to empowering government, legal, and educational sectors with cutting-edge AI technology.

Veritone, a leader in AI solutions, has entered a strategic partnership with Creative Artists Agency (CAA) to launch theCAAvault, a synthetic media vault designed for the entertainment industry. Veritone will provide its Digital Media Hub (DMH) technology to store and manage digital talent assets like names, images, and voice recordings securely.

TheCAAvault aims to offer artists a secure platform for storing and sharing their digital assets while ensuring ethical AI usage. This partnership is set to drive innovation, security, and ethical considerations in the entertainment industry, reinforcing Veritone's mission of 'AI for Good.'

Veritone reported total revenue of $31.6 million for Q1 2024, exceeding guidance. ARR of $72.1 million, with 67% from subscription-based customers. New bookings of $13.0 million. Restructuring led to over $13.0 million in annualized savings.

Veritone, Inc. (NASDAQ: VERI) has launched an AI consulting and services group to assist in the implementation of AI technologies. The company has achieved AWS Advanced Tier Services Partner status within the AWS Partner Network by meeting technical requirements and demonstrating expertise. Veritone aims to empower businesses through custom AI strategy development, workflow solutions, and innovation workshops, facilitating digital transformation and AI activation.

Veritone, Inc. (VERI) and OPEXUS partner to offer AI solutions to a major national Canadian bank, enhancing data privacy workflows and compliance with regulations. Veritone's Redact solution uses machine learning to redact sensitive information in audio and video data, reducing redaction times by up to 90%. The partnership aims to improve data security, regulatory compliance, and trust in financial services.