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A good read with respect to AI spending and the federal government. Feds Still fumbling around.
https://www.brookings.edu/blog/techtank/2022/09/22/understanding-artificial-intelligence-spending-by-the-u-s-federal-government/
When I read this:
During their visit, we held a Veritone’s market overview by Ryan, we learned about Veritone’s integration with Pando and about Veritone’s goals.
Our amazing Israeli leadership team presented their work and answered Veritone’s management questions.
For me, it was exciting to see our smart and powerful leaders at their best!
The executive team had a lot (really, a lot) of meetings on purpose to build 2023 integration plans.
And along the Pando agreement and amendment, it really confirms to me that Pandologic for the last year has indeed been a separately run company. I can now see why Pando never mentions aiWare. They continued as their own standalone company. Looks like any integration efforts have been happening on the Veritone side. Still don't know the reason for the amendment. Hoping it means something is going to happen sooner, or shortly, as they like to say. Otherwise, looks like we can write of 2022, and look to 2023.
I know the stock price is beyond embarrassing but hopefully they are staying focus to hit a big q4 number liron Rabinovich had a LinkedIn post referencing RS and others about market advertising moving forward. She mentioned having meetings on how aiWARE is interpreted with Pando and how “purpose to build 2023 integration plans”. Looks like the big push will happen in 2023.
They just can't be that stupid. Even if they are irrationally exuberant, overly optimistic about aiWare. Even if they hired a reckless CFO, and took on way too much debt. Even if they hired way too many employees that they don't know what to do with. Even if they spent way too much on infrastructure for a company that has not scaled. Even if they have spent too much money partying at trade shows. They should at least have the understanding that that if it's not working, then they need to shift gears and find a way to salvage what they got before going into massive dilution. I'm sure there are other similar size companies in the space that are facing the same headwinds of the economy and scalability issues. They need to to look at consolidation opportunities and cutting costs. If everything they have said about tipping point, billions of end users, turning the ship around shortly, if it is all BS, then they have to understand when the hype party is over and go lean. All of this is unacceptable, and change is needed now for F@## sake.
This will be under 5 soon. Tomorrow will PR how they partnered with 2 mil startup in media.
They have no idea how to run a company. Need new CFO. Let CS handle tech in the basement. Let RS go sell.
Will say it again need new C suite. Period.
At this point just give a partner a 20% equity stake free, if they will help them scale. This is just sick. C3 down less than 1% today. Totally fucking irresponsible to let their retail investors die here.
One way to get stock price higher. Reverse split.
Would like to know how big, big is.
We already have a big ecosystem of partners
https://www.jamaicaobserver.com/news/artificial-intelligence-said-good-for-smart-grid-optimisation/
Hopefully with the new website they can start implementing the new marketing scheme soon.
Also this case study is somewhat interesting hopefully allows other opportunities to come about.
https://go.veritone.com/case-study-reduce-document-review/p/1
agree, don't think they are abandoning the other verticals, but seems that maybe the other verticals are being pursued via partners, with the Veritone Business Eosystem comprising Veriverse, Veritone One, Pandologic, and Veritone Licensing.
Stands to reason when essentially all their PR lately seems to be focused on those four, and as the CMO says, call Deloitte or some other leading GRI for your AI project.
Just seems that Veritone is narrowing its focus with respect to the business it is handling directly. That might lead to some strategic announcements. I mean if they want to be a broad based Enterprise AI platform provider, might be a challenge to be known as an M&E and advertising company. Same with energy. Just to me, without some strategic change they look spread thin, and jack of all trades master of none. Seems like they could pursue ways of unlocking value. The amendment to the Pando contract may be a sign something is coming.
Who knows, but the bottom line is that their marketing of aiWare as a multi-vertical enterprise AI platform is next to nothing. jmo
I’m likening the new website look. I’m not to worried about it because in the section above labeled RELEVANT SOLUTIONS FOR A BROAD RANGE OF INDUSTRIES
They mention energy, government and healthcare so looks like they aren’t abandoning those verticals.
Looks like they are revamping their website. one thing confusing. Scroll down and it says "The Veritone Business Ecosystem", and below lists Veriverse, Veritone One, Pandologic, and Veritone Licensing. So don't know where that leaves Energy, government, and the other possible verticals like retail, healthcare etc.
https://www.globenewswire.com/news-release/2022/09/20/2519577/0/en/NVIDIA-and-Deloitte-to-Bring-New-Services-Built-on-NVIDIA-AI-and-Omniverse-Platforms-to-the-World-s-Enterprises.html
Wonder if CortexAI is part of this, or not. This is another example of why Veritone needs to step up to the plate and let investors know the status of aiWare. Things are happening right now to prepare for the future of enterprise AI. Meanwhile, Veritone investors don't have a clue what's going on with aiWare.
They never go to any trade shows specifically for the aiWare enterprise AI platform.
They must have solid aiWare partnerships put in place, and therefore no need to market aiWare. Yeah that must be it. lol
They party while investors cry at the Veri funeral.
Yeah, and going to a lot of trade shows, both Pando and Veritone. Lots of partying I'm sure.
Nice to see have money to burn on all these studies that they share with the world.
I’m with both of you. Idk why I got back in, I’m down so much it’s not even funny. I literally sold other securities to average down on this POS, and now I’m even deeper in the shit with no hope in sight. I can break even if this crap of a company ever reaches $15 a share which looks like won’t ever happen. I’m so frustrated. Doesn’t help that I’m also going through a break up at the same time. Ahh, such is life. Sorry for the venting.
I guess tired like us of having to hear something material coming shortly and then crickets. Never should have got back in. Once they said blindsided by Amazon knew something was not right.
Steelbergs put their money where their mouth is though. Although, one could argue that Ryan is just buying shares with his salary, which he probably doesn't need.
pathetic. This stock is just too much abuse for shareholders. It's all about managing expectations, and nobody has a clue what to expect from this company. too much uncertainty. Or maybe its certainty that they are going nowhere.
So much for vote of confidence from RS buys.
Just look in Ihub under trades
what site do you use to see this info?
Yes and about 80k after hrs
looks like there was also a 187k share trade at 1:24PM. Do you see that?
Maybe Chad will step out of basement and buy some. About 250k shares were bought at end of day today. See if we get an S4 on Monday.
RS bought another 15k shares yesterday.so total last 3 days bought about 72k.
Interesting. yeah could be Chad, but could be anyone wanting to make a sizable investment now that Ryan gave the all clear signal. lol
VERI up 1.71%
C3 down 5.07%
Palantir down 2.87%
Snow down 6%
Hopefully a sign of VERI coming into its own and good things to come.
Maybe CS involved
Looked like a 175k block traded at close.
Curiously I made that plea to Brian and RS weeks ago to show there true belief and not the rhetoric. I'm not taking any credit for his moves but it is a courageous statement of confidence. it was significant move. I'm not sure CS will follow up. I would simply prefer there collaborations be disclosed. There are a number of verticals that could individually succeed in a major way.
Veritone should have strategic opportunities here. There should be interest out there in their AI platform. Should be interest in their M&E business, and should be interest in Pando. Just don't know if there is interest in the entire business. Veritone might be worth more if parted out. Hopefully they are considering all opportunities, and not just CS idea that Veritone is going to be the AI answer to everything.
Ryan's buy provide's me with some relief. He could have just bought a couple thousand shares just for appearances, but he sent a stronger message. Just wish the retail investors would have the information to share in his optimism,
Yep maybe CS will follow up with some buys.
Nayaki nanmar turned out to be dud as a director as far as I can tell. Actually never here about any of them, except for good ol' permabull Graziadio.
He may not have any money. lol. Don't think the prior CFO bought any either.
Same thing for most of directors.
Real test is if CFO buys a share. Hasn't spent a single dime on a share since employed.
About time someone put their money where their mouth is. POS.
And I think they’re quiet on Pando because they know business is slow and is probably going to continue getting slower
They are going all in on metaverse, synthetic voice, avatars. But why are they so quiet on Pandologic.
A while back they had that avatar of Chad Steelberg conducting an interview.
So while they are heavily marketing Voice and Avatars, why aren't they doing the same for Pando? Pando is at a trade show right now. Don't know why they aren't going all out on Pandoselet and metaverse.
Well while all Pando customers freezing hiring at least Veri still hiring. Maybe just trying to make sure PandoIq working.
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