Welcome to our dedicated page for Veritone news (Ticker: VERI), a resource for investors and traders seeking the latest updates and insights on Veritone stock.
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 released its analysis of Q3 2024 U.S. Bureau of Labor Statistics jobs data and AI job growth trends. Total nonfarm payroll employment increased by 510,000 in Q3, down 4% from Q2, with unemployment steady at 4.1%. AI job vacancies reached 31,610, showing a 6.6% increase from Q2 and a 37.5% year-over-year growth. The median AI job salary was $158,298, up 4.0% year-over-year. AI roles commanded a 25% premium over non-AI IT positions, with AI software developers earning 19% more than their non-AI counterparts. California, New York, and Virginia showed the largest salary gaps between AI and non-AI IT roles.
Veritone (NASDAQ: VERI) has secured a three-year contract with luxury goods company Richemont to enhance its global talent acquisition efforts. The partnership leverages Veritone Job Distribution technology to automate and centralize job postings across more than 2,000 job boards in over 180 countries. As a certified Workday partner, Veritone's solution will integrate with Richemont's applicant tracking system to manage job listings for brands including Cartier, Van Cleef & Arpels, and Montblanc, aiming to reduce time-to-hire and improve candidate experience.
Veritone (NASDAQ: VERI), a leader in human-centered AI solutions, has announced its upcoming third quarter 2024 financial results conference call. The call is scheduled for November 12th at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time). During the call, the company will discuss Q3 2024 results, provide business updates, and hold a Q&A session. Participants can join via audio webcast or dial in using domestic (844) 750-4897 or international (412) 317-5293 numbers. Pre-registration is available to receive a unique PIN and dial-in number.
Veritone (NASDAQ: VERI) has announced a partnership with Court TV to manage and monetize their extensive content library dating back to 1991. Through Veritone's AI-powered Digital Media Hub (DMH), Court TV will efficiently organize and provide secure access to its content for affiliate networks, media professionals, and legal institutions. The partnership includes Veritone's Content Licensing service, which will help Court TV generate new revenue by offering its content to filmmakers, documentarians, and podcasters. Court TV's library contains thousands of hours of coverage from major legal cases over the past 30 years, and this collaboration aims to maximize content value through AI technology.
Veritone (NASDAQ: VERI) and Talent Tech Labs have released a joint study on next-generation job advertising strategies, surveying 82 companies across major markets. Key findings reveal that social media has become the dominant job advertising channel, used by 76% of respondents, with LinkedIn leading the platforms. The research shows that while only one-third of companies use programmatic advertising, 62% of those utilize both programmatic and job distribution strategies. Over 75% of organizations plan to maintain or increase job advertising budgets in 2024, focusing on digital strategies. The study also highlights regional differences in recruitment approaches, with Europe favoring traditional job boards and Australia relying heavily on Seek.
Veritone has sold its media agency, Veritone One, to Insignia Capital Group for up to $104 million. The divestiture aims to focus Veritone's strategy as a leading enterprise AI software provider. Key points include:
1. Net proceeds will be used to retire a significant portion of Veritone's term debt and fund future operations.
2. The transaction strengthens Veritone's balance sheet and liquidity.
3. Veritone will concentrate on accelerating the growth of its enterprise AI software and solutions, powered by its aiWARE platform.
4. The company exits the divestiture with over 3,000 enterprise AI & software customers across commercial and public sectors.
5. Insignia Capital Group simultaneously acquired Oxford Road, another leading audio advertising agency.
CEO Ryan Steelberg stated that this move is transformative for Veritone's mission to accelerate growth and focus on enterprise AI, positioning the company to capitalize on the growing demand for AI solutions.
Veritone, Inc. (NASDAQ: VERI) announced that Getac Technology will offer its customers Veritone Redact, an AI-powered software for streamlining the redaction process of video evidence from body-worn cameras, in-car video, interview rooms, and transport cameras. This integration into Getac's Evidence Management System will provide law enforcement agencies with an advanced tool for managing video evidence while ensuring compliance with privacy regulations.
Veritone Redact automatically detects and blurs sensitive information, reducing the time and effort required for manual redaction. This partnership aims to enhance transparency in law enforcement while maintaining privacy standards. The solution will be demonstrated at the International Association of Chiefs of Police (IACP) Annual Conference and Exposition in Boston, October 19-22.
Veritone, Inc. (NASDAQ: VERI) has announced its participation at the International Association of Chiefs of Police conference from October 19 to 22 in Boston. The company will showcase its AI solutions for law enforcement at booth 2201 in the Boston Convention and Exhibition Center. These solutions aim to help public safety agencies accelerate investigations, increase case clearance rates, and enhance public trust, transparency and operational efficiency.
Veritone will demonstrate several key products, including:
- Intelligent Digital Evidence Management System (iDEMS)
- AI-Powered Investigations tool Veritone Illuminate
- Redaction and Privacy Protection Tools
- Person and Vehicle Tracking with AI
- Advanced Transcription and Translation Services
- Suspect Identification tool Veritone IDentify
- Stop Data Collection with Veritone Contact
- HR & Talent Acquisition solutions
These AI-powered solutions are designed to help law enforcement agencies automate workflows, process data more efficiently, and comply with legal requirements while maintaining data security and privacy.
Veritone, Inc. (NASDAQ: VERI) has expanded automated data integrations for its Intelligent Digital Evidence Management System (iDEMS) to include Axon's Evidence.com and Milestone Systems XProtect. iDEMS leverages AI to streamline digital evidence management for law enforcement agencies, offering a central hub for disparate data sets with cognitive and generative AI processing at scale.
The system is platform agnostic and available on secure clouds and on-premises systems. iDEMS now supports data from various sources, including device extraction tools, home security systems, drone manufacturers, body & dash cameras, video management systems, and more. Powered by Veritone's aiWARE™ platform, iDEMS utilizes over 300 AI models across 20+ cognitive categories.
Veritone, Inc. (NASDAQ: VERI) has announced a partnership with Midwest Public Safety to offer AI-powered applications for law enforcement and judicial agencies across the Midwest. This collaboration will bring Veritone's iDEMS solution, including Veritone Investigate and Veritone Redact, to Midwest Public Safety's clients.
The partnership aims to help agencies streamline digital evidence management, accelerate investigations, and improve public safety while enhancing transparency. Veritone Investigate allows for quick searching and discovery of critical evidence using AI technologies like transcription, object detection, and facial recognition. Veritone Redact offers advanced audio and video redaction for public records requests.
This collaboration expands Veritone's reach in the Midwest and reinforces its commitment to providing law enforcement with innovative AI-driven tools for more effective and efficient community service.