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aiWare, not Veritone. Will say again, becoming a separate entity, IMO.
I just signed in, and the only option I am given is the $5 per month plan. It has a "subscribe" button, and when I click on it, it is ready to take my money. In addition to the 5 bucks, it is "pay as you go".
There is no "free" option for me.
Let me know what you find
I didn't sign-up. So you know more about it than me.
When you go to the aiWare Signup page
enter your email, and name, then click next. It asks you what industry your company is in. There is about 150 different industry choices.
Anther this is a the bottom of the sign-up page is say Copyright 2023 aiWare, All Rights Reserved.
bottom of the aiWare.com site it says © 2019 – 2023 Veritone, Inc. All rights reserved.
So if aiWare is to remain a Veritone division, why do they say aiWare instead of Veritone. Just another point, in my opinion, that supports a separation of aiWare division from Veritone.
another release note from yesterday.
https://docs.veritone.com/#/versions/3.46.1.24
Bug fixes
Miscellaneous bug fixes around self service
Sounds like final touches to me. Now get the PR out on Monday.
agree, and it would require strategic partners for aiWare as a product to get off the ground. aiWare going nowhere if it's only CS and his small team of engineers. jmo
Think they could double the share price just by announcing aiWare Falcon.
Now hiring a Sr. Data Scientist - Computer Vision
The successful candidate will work with a team of UK (London) based developers driving the definition, development and evolution of the Veritone’s Video Re-Identification (RE-ID), which takes both images and video data and performs intelligent analysis such as object detection and recognition for surveillance and business intelligence applications.
Looks like this job opening is for the Vision Semantics group in the UK. Developing AI models. Considering their financial situation, interesting that they still see fit to keep developing the Veritone Tracker technology. Don't seem worried about their balance sheet.
https://www.linkedin.com/jobs/search/?currentJobId=3734450772&f_C=6442206%2C4791398&f_TPR=r86400&geoId=92000000&origin=JOB_SEARCH_PAGE_JOB_FILTER
We could be very surprised about aiWare and what is all behind it and who is involved. If they would get around to talking about it before the stock hits the pink sheets. lol
Even last earnings call, RS said: PandoLogic with Broadbean or Veritone HR solutions will leverage aiWARE to orchestrate cognitive, predictive and generative AI workflows across the talent acquisition ecosystem.
Well, it is aiWare that is supposed to be the big differentiator for Veritone. If they want to show how Pando and Broadbean differentiate, now is the time to do so at next weeks HR Tech Conference.
If they don't, they will have missed a big opportunity for both aiWare and Pando/Broadbean. They can't afford to miss these opportunities, and if they are going to spend all the money that it takes to display at these conferences, why not market the aiWare advantage now. Especially now that it appears to be commercially ready.
Not doing so would be incompetence imo.
Based on the linkedin post saying all aiWare major problems resolved. Now website says sign up and start building, don't understand why they would wait until earnings.
Just seems to me that aiWare is going to become its own entity, with strategic partners involved. Again, think it is the strategic transaction that was supposed to be announced before end of third quarter.
Maybe the reason it wasn't announced before end of third quarter is because waiting for aiWare to be ready. So, got it ready just a week or two longer than expected.
Veritone has the HR tech conference next week where they present the Pando/Broadbean combo offerings. Sure would be nice if Veritone could create some noise prior to the conference, that would draw some attention to Veritone and show that Pando and Broadbean are on better financial footing.
Otherwise, Veritone balance sheet, cash level, and stock price not good for marketing at all.
It says:
AiWARE now supports a self service sign up through our new aiware.com website. Sign up for a aiware Flex account and start building your AI powered solution with our data management, automation, resource and administration tools today.
So sounds like aiWare as a product is all ready to go. Just sign up for an aiWare Flex account today and start building.
Only problem is nobody knows about it. No PR. Just keep it a secret so that nobody signs up. lol
as an investor, I have never seen such management apathy towards a continually deteriorating stock price.
At least publicly, they act as if nothing is wrong.
New update yesterday allows you to sign up for aiWare on the aiWare.com site.
Here is the release note from yesterday:
https://docs.veritone.com/#/versions/3.46.1.19
Here is the aiWare sign up page.
https://desktop.us-1.veritone.com/ui/auth/sign-up
notice at the bottom it says "2023 aiWare, All Rights Reserved."
instead of "2023 Veritone, Inc. All rights reserved."
They could have mentioned aiWare right here, but they didn't.
By adopting Veritone Digital Media Hub as its primary media management platform, Congress gains a robust solution that supports its internal communication needs, as the platform enables seamless management and distribution of all digital media types, including photos, audio and videos for members and staffers.
https://www.businesswire.com/news/home/20231003103927/en/Veritone-Partners-with-CHESA-to-Streamline-the-U.S.-Federal-Legislative-Branch-Digital-Media-Management-Solutions
Didn't even mention aiWare in the Digital Media Hub / Congress PR yesterday.
updating the website would be one of the easiest things to do. Even if BS, they could be providing investors with information, or just creating hype.
They have not been concerned with investors, analysts or the stock price all year long.
also believe aiWare division is in play, and will be the strategic transaction.
I believe aiWare is a viable product, or will be for 2024. Jury is still out on whether it can contribute to revenue growth.
A while back I shared one of the higher ups Linkiedin page where he said something like completing the new roadmap at end of year. That part is now deleted. I believe they read our posts.
Now says this: Product managers continually assessed aiWARE Enterprise product against top customer requests that drove market focused new product extensions while focusing 90% of staff on roadmap vs break/fix tasks.
Improved cost structure, reliability, and upgrades for all aiWARE infrastructure. Reduced costs on underutilized services saving hundreds of thousands of dollars annually and improved meantime to resolution of high priority defects, with zero at the end of the year.
Just sounds to me like this entire year has been dedicated to transforming Veritone as as an ecosystem focused business, and also getting aiWare ready for commercial launch as a standalone product for 2024.
When he says assessing aiWare Enterprise product against top customer requests, seems customers are or have been going though a trial period with aiWare as a product. Hammering out all of the issues with aiWare, and now have improved aiWare per customer requests and now down to zero high priority defects.
Just sounds to me like 2023 has still been proof of concept and trial period.
That would explain to me why they have not been out aggressively marketing aiWare as a standalone product .
RS quote: With the disciplined financial stewardship and a strategically planned approach, Veritone is well on its way to becoming a long-term dominant player in the enterprise AI field.
Zemetra quote: In summary, our efforts in 2023 have been focused on streamlining operations to build a strong foundation for Veritone's next phase of disruptive growth.
As these cost reductions flow through the P&L, we expect they will have a much larger impact in 2024, which will be when Veritone pivots back towards vertical growth from existing software and services with a clear path toward profitability.
Sounds to me like 2023 is all about preparing for 2024.
Yeah, could all be BS, but I'll be sticking it out. Really have no other choice. lol
But still remarkable and maybe telling, that Veritone still has no reputable backing. just Banta.
The giants have all the power and data. Can bully and control the tech world.
RS post on the Congress deal was liked
by at least 4 people from AWS. And it has been Amazon that put the screws to Veritone.
Think very plausible that Amazon putting the hurt on Veritone as negotiation tactics,
My guess is that there is interest out there. Just don't know if a deal gets struck in time, or we wait for the fire sale.
Terrible. Bought back 60M of debt at 1.5%. Now operating on 30M debt at 9.5%
VP of Marketing is gone. He started the same time as CMO Seth Greenberg.
So assume the CMO is next.
https://www.linkedin.com/feed/update/urn:li:activity:7115063916744867841/
No worries about the balance sheet.
https://www.linkedin.com/feed/update/urn:li:activity:7115021529997840386/
Just give me 10 bucks a share and I'm outta here and will spend the rest of my life erasing Veritone from memory. lol
They put 2 fairly reputable HR tech companies together, Pando and Broadbean, under the roof of Veritone which is broke. Think it would be better for Pando and Broadbean to be joined together without any mention of Veritone. But I guess Pando and Broadbean need the Expert insights of RS.
Agree, Veritone should no longer exist as a stand alone company. They should have sold out back in 2021.
They have a HR conference today, and then the big one in Las Vegas on the 10th. Operating on zero cash, just a 30M credit line at 9.5%. Their balance sheet and the stock price scream success. Everyone in Las Vegas will just wait for the fire sale.
Based on todays PR, looks like Digital Media Hub is integrated with Chesa's "Acorn Cloud".
https://chesa.com/acorncloud/
They also have this Acorn Cloud website, where they list partners. Veritone not listed. Just AWS, Quantum, and Lucidlink
https://acorncloud.io/technology-partners/
Why recycle this DMH for Congress news? Could have put out a PR on this back in August.
Maybe they aren't selling anything. Maybe will merge or be acquired.
Anyway, they said they were going to focus on ecosystem and leave the rest, including Fed, to partners. So not sure why they issued this PR.
But at least a start with multiple agencies at Fed level. Redact running on aiWare platform, so means aiWare will have a foot in the door with multiple agencies.
Yeah, Veritone in no position to be able to scale all of this, but in my opinion, makes their GLC vertical and aiWare platform more attractive as far as strategic transactions go.
Has to be a ton of AI platforms out there trying to get in with the federal government. Also might cause more developers to develop applications on aiWare to sell into the federal government.
DOJ is in the one that is behind setting the standards for FOIA requests across government agencies. Guessing aiWare Fedramp status plays a role in this.
No, FOia.gov is not FOIAxpress.
“Foia.gov is a centralized portal,” noted Sue Seeley, a managing director at Deloitte who focuses on public records request technology. “Agencies have required interoperability between whatever system they use and that portal.”
https://fedscoop.com/some-agencies-fall-behind-on-foia-gov-interoperability-requirements/
But looks like a lot of agencies going with foiaxpress.
Another big player is Granicus. They acquired GovQA. Veritone and Granicus .
https://granicus.com/blog/govqa-and-veritone-forge-strategic-relationship/
EPA
Transitioning from FOIAonline to FOIAXpress
What you need to know
After 5:00 PM Eastern Time, September 29th, 2023, submit your FOIA request on www.FOIA.gov
So FOIA.gov is Foiaxpress.
https://www.epa.gov/foia
When you do a search on foaixpress, it appears the entire federal government is switching to foiaxpress.
here is another one. Social Security Administration
On Saturday, July 29, 2023, SSA is moving to a new system called FOIAXpress to process FOIA requests.
https://www.ssa.gov/foia/
Interesting.
Due to the decommissioning of FOIAOnline, the current electronic portal for FOIA requests, the
final rule also designates FOIAXpress as the new portal for requests. Beginning October 1,
2023, the FLRA will no longer accept FOIA requests through FOIAOnline.
https://www.flra.gov/system/files/webfm/FLRA%20Agency-wide/Public%20Affairs/Press%20Releases/230929%20-%20Press%20Release%20-%20FLRA%20Updates%20its%20FOIA%20Regulations%20in%20Final%20Rule.pdf
Veritone August 3 PR.
As part of this collaborative partnership, AINS is integrating the aiWARE-powered Veritone Redact application into its FOIAXpress solution for Freedom of Information Act (FOIA) request and management.
https://www.businesswire.com/news/home/20220803005298/en/Veritone-Redact-Now-Integrated-with-AINS-FOIAXpress-Platform-to-Help-Federal-Agencies-Reduce-Time-Money-and-Resources-Spent-on-Public-Records-Requests-and-the-Redaction-of-Sensitive-Information
Saw that. But if you go on their website, they list Pandologic as a partner.
ready to disappear into oblivion like CS did.
In 10 days they are going to present the combination of Pando and Broadbean (Veritone HR Solutions) to the recruiting industry at the largest HR tech show in the world. Operating with only a $30M credit line at 9.5%.
RS quote:
With the disciplined financial stewardship and a strategically planned approach, Veritone is well on its way to becoming a long-term dominant player in the enterprise AI field.
You can't make this up.
Your comment: "All of this Amazon revenue reduction at exactly the wrong time feels very coordinated. It is like they are purposely remaining silent to hurt the stock price. It's pretty unbelievable. Either way, if this is in the future it is demonstrably unfair to public shareholders."
Agree, it is unfair to shareholders. Nobody in their right mind could think that a shareholder could do an adequate evaluation of Veritone with this lack of transparency.
It reminds me of this May 2002 quote from Chad S.
today, industry titans, such as Amazon, FedEx, Microsoft and Disney are not only our customers, they are also our partners and in many cases, evangelists. As customers, they have literally hundreds of millions of dollars being exchanged across our aiWARE-enabled solutions and trust us with some of their most critical business operations from hiring to customer acquisition to core technology. As strategic partners, together, we are developing new applications and capabilities into aiWARE that extend and expand the use of AI nearly every day..
That last sentence implies that Amazon, FedEX, Microsoft and Disney are developing capabilities with Veritone into aiWare nearly everyday.
We all know what happened after the "tipping point" comments. Nothing. Nothing happened to aiWare, at least publicly. Chad stepped down. Ryan took over and they decided to "change the narrative", which meant not speaking about aiWare developments at all, except maybe in very vague terms.
So yes, it does appear coordinated. Since the beginning of 2023, the discussion of AI in the enterprise has exploded, and aiWARE went missing in action, changing the narrative to become a "Wilderness Guide". Yes, it is pretty unbelievable.
Once again, that last sentence, "As strategic partners, together, we are developing new applications and capabilities into aiWARE that extend and expand the use of AI nearly every day." How do you make sense of that, other than being a flagrant lie. The only way this is not a lie is if they went underground, and into development of the platform to be commercially viable. Possible, I guess. Veritone certainly does not appear to be worried about the fact that they are broke. So maybe something behind the scenes. But giving the appearance that they are running themselves off a cliff. Incompetence, as KVM says. Can't argue with that when Veritone provides shareholders with nothing to refute it.