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Not sure how I feel about it kinda tells me AWS may be trying to replace them with their own solution.
Certainly can be interpreted that way. Also a possibility we see a license on underlying aiWare capabilities.
I think it's possible see some sort of collaborative PR with AWS as we approach NAB. Maybe something revealed then. We know according to Ryan, Veritone involved with AWS M&E monitization initiateves, that AWS will be presenting at NAB. And AWS mentions Veritone as a partner in these initiatives.
Still find it interesting that they remain hush on any PR concerning Veritone Hire. No website. No dedicated web page.
Was surprised, don't think he mentioned hiring solutions once.
He made the comment, something like aiWare is the original Amazon Bedrock.
and soon will be available across the majority of Veritone’s commercial and public sector applications.
Wonder why they remain quiet on the conversational AI aspect of Veritone Hire.
Yeah, and back to listing ecosystem business, "Serving customers in the talent acquisition, media, entertainment and public sector industries, "
Still holding out on mentioning gtm with AWS. Think we will see a NAB show PR coming up. Last year their Nab PR was on April 11.
Surprised they mentioned aiWare.
"Ask Veri is an integrated solution on Veritone’s aiWARE platform"
yeah, would be great.
I can't even remember the last time Ryan had an interview where the venue was investor related.
Looks like he is going on the show tomorrow to talk about Veritone, AI and the industry. Maybe they will have a PR issued tomorrow AM.
Yeah, its going to be a fight to close above 5.
Where is that 10k? Hard to believe the delay is entirely due to Broadbean.
Since this all started 3/13, it tries to crash, but then the momentum continues again
Did away with Veriverse which Voice was part of.
Yeah they did away with the Veriverse site and obviously don't mention it anymore. But, even though they let many of their trademarks die over the past year or more, they for some reason back in January they decided to keep the Veriverse trademark alive.
https://www.trademarks411.com/search?utf8=%E2%9C%93&option=srearch_1&q=veriverse&button=&logo=&sub_option=sub_srearch_1&o=&oa=&c=
https://tsdr.uspto.gov/documentviewer?caseId=sn97292015&docId=ESU20240111104120&linkId=3#docIndex=2&page=1
Like KVM, said, Veritone has some integrations with Nvidia, but basically enhancing Veritone technology. No evidence of Nvidia using aiWare or any Veritone tech which would drive revenues for Veritone.
Here is another PR.
https://www.veritone.com/press-releases/veritone-aiware-now-supports-nvidia-cuda-for-gpu-based-ai-and-machine-learning/
They had some marketing collaboration around energy. If you go to Nvidia website and do a search on Veritone, you can see that.
maybe it will eventually be on Govcloud as well. Or could already be at the federal level.
I think when they say AWS Commercial, they are referring to AWS Commerical Cloud Services, as opposed to AWS GovCloud.
That's even more confusing since Veritone Investifate is government related.
But Veritone Investigate is basically Digital Media Hub. DMH is targeted at Media and Entertainment or content licensing. We know of Veritone's relationship with AWS as it relates to Media and Entertainment. So reasonable to assume that DMH is running on AWS Commercial. Since that integration has already been established, then might explain why Veritone Investigate is running on AWS Commerical instead of Govcloud.
That's a good question.
Since Veritone Investigate (DEMS) is basically Digital Media Hub, maybe they will say something about DMH as we approach the NAB show. We know that they will be announcing Ask Veri on DMH.
But ASK Veri will also be applied to their other applications like DEMS. Chris Doe made a comment yesterday alluding to that.
Bottom line to me is that this statement
Built on enterprise-grade architecture powered by AWS Commercial
Veritone would never have said that in the past. Everything was always powered by aiWARE.
The Police article says:
At the heart of Veritone iDEMS is Veritone Investigate. Built on Veritone’s Enterprise AI platform, aiWARE
So they are saying Veritone Investigate is built on aiWare.
Veritone Investigate is DEMS. It is basically Digital Media Hub for the public sector. It is Veritone Investigate (DEMS) that is on AWS marketplace.
Veritone IDEMS is the name they apply to the suite of applications: Investigate, Redact, etc.
Confusing I know.
"So agree it is speculation but very feasible and likely."
Think it is starting to become less speculation.
From the March 12 article from Police1:
At the heart of Veritone iDEMS is Veritone Investigate. Built on Veritone’s Enterprise AI platform, aiWARE, Veritone Investigate allows agencies to leverage hundreds of best-of-breed AI models to organize, search and analyze massive volumes of digital evidence.
https://www.police1.com/police-products/investigation/evidence-management/how-law-enforcement-can-surf-the-rising-tide-of-digital-evidence-without-drowning-in-details
From AWS Marketplace:
Built on enterprise-grade architecture powered by AWS Commercial that is CJIS compliant, Veritone DEMS empowers your staff to more easily manage and share evidence but do more with it in one place.
https://aws.amazon.com/marketplace/pp/prodview-noraedtsxtb5k?sr=0-1&ref_=beagle&applicationId=AWSMPContessa
Possible that we learn more about the extent of their partnership on or before NAB.April 13 -17.
With Maria Mooore posting these marketing positions, would think they would want to get rolling on the marketing in time for NAB. We will at least get the Ask Veri PR.
Last year they released a PR on Nab dated April 11.
Speculation again
On the old job posting it said:
Veritone and its partnership with AWS offers customers hundreds of AI engines with capabilities including: transcription, translation, object recognition, OCR, face recognition, text sentiment, geolocation, visual moderation, audio fingerprinting, scene detection, speaker separation, orchestration, text to speech and more.
A while back I was commenting on how typically they would refer to aiWare offering hundreds of AI engines. And now it says "Veritone and its partnership with AWS"
Funny how aiWare is just now no longer listed on AWS marketplace.
And Amazon Bedrock has the single API feature similar to AION standard.
Amazon Bedrock is a fully managed service that offers a choice of high-performing foundation models from leading AI companies and Amazon via a single API, along with a broad set of capabilities to build generative AI applications with security, privacy, and responsible AI.
Also can't forget about the "key pillar" comment. And again, Deloitte is just one partner.
HaHa.Sure would be nice to get some news to support this.
But I am encouraged. Can't do anything but speculate, but I think the addition of Deloitte AIOPS.D to AWS marketplace is a significant factor. I believe aiWare capabilities are under the hood.
When thinking back to 2022, Veritone said we will focus on ecosystem and work with partners outside the ecosystem. We know about the reseller agreement. And Deloitte is just one partner.
But I think they spent 2023 focusing on ecosystem and getting aiWare for prime time, while partners did their thing. Think 2024 is all about putting it all together. Veritone and its ecosystem and partners with everything else. That's why I keep thinking there will be some sort of deal around aiWare or its capabilities.
We know Veritone spent all year and to the present not talking much on aiWare specifically. If they were really gunning for market acceptance of aiWare as a platform, I think we would have seen the aiWare marketing. Also Deloitte no longer talks about CortexAI. But I don't think the underlying tech has been abandoned. AIOPS.D supports that. I just think that these capabilities are are going to come together in the form of some kind of deal. And that deal will shed light on the GTM plans for Veritone Hire, and other initiatives. We will see some kind of deal that involves all industries, and hiring applies to each one of them. So does digital media hub. jmo
Billions of end users! lol
Up 8% while Soundhound and Airship down 7 or 8%. I like it. Something supporting this.
With respect to our balance sheet and debt position today, we have near term plans to vastly improve our liquidity position on a non-dilutive basis.
Well, whatever he means by non-dilutive, he calls them "near term plans". Nothing set in stone until executed. It could be an option they go through with, but also be posturing for other possibilities.
What is clear to be is that for them to maximize their growth, they need to be better situated financially. Hopefully they are looking at various possibilities to do that.
When Microsoft invested in OpenAI, would that be a dilutive transaction? OpenAI investors would be diluted by the Microsoft investment, but the value that Microsoft brings to the table could make the transaction to be considered non-dilutive. I don't know. But a non-dilutive transaction could be one of many different possible arrangements.
That statement by Zemetra to vastly improve liquidity does not have to mean the sale of the advertising business. The sale of the advertising business could be just one option that they are looking at. Could be something they go through with if other options don't pan out. All part of negotiations and posturing. jmo
Yeah, I'm optimistic, and also biased.
But when Ryan says "We're seeing an explosion
of demand for Veritone’s AI applications, aiWARE platform and solution capabilities, with the largest
qualified pipeline on record,", as an investor, I have to assume that he is telling the truth.
Yes I know we have been burned in the past on their grandiose statements. But if I believed they are just perpetual liars, then I should not be in the stock. This time, at least I know that when he makes a statement like that, I also know that the AI market is red hot, and believe aiWare capabilities would be desirable in today's market.
So assuming there is some truth to the above statement, it is reasonable for me to believe that Veritone is probably going though some strategic negotiations that could unlock the value within the company. I think we are right in the middle of it, and something could be announced at any time.
This statement also supports my belief that things are happening. With respect to our balance sheet and debt position today, we have near term plans to vastly improve our liquidity position on a non-dilutive basis.
Veritone, as a small standalone company, has limited resources. In late 2022 they decided to narrow their focus to their ecosystem of businesses. So the fact that they are now mentioning broader markets, tells me that they may be making progress with strategic partners. jmo
When they say "broader markets", that is a good sign to me. Tells me that they are no longer limiting themselves to certain verticals.
I think there are certain capabilities within the aiWARE platform that are desirable to other platform companies.
Veritone as a standalone small company developed the aiWare platform. But there are lots of AI platforms out there that are heavily branded and marketed. Those companies might be interested in certain aiWare capabilities to be integrated into their platforms. So, although Veritone calls their in house platform aiWare, that does not necessarily mean that they can't license various aiWare capabilities to others. As we know, Veritone does not heavily market the aiWare brand anymore. Many times when Veritone PRs an application anymore, they don't even mention aiWare. I think the real value comes from its various capabilities. So if aiWare disappears from AWS marketplace, it could mean that they have reached some sort of deal. Maybe, maybe not. jmo
Also kind of interesting to me that AIOPS.D comes onto AWS Marketplace, at the same time that aiWARE comes off.
Took aiWare off AWS Marketplace. Now just Veritone Investigate.
https://aws.amazon.com/marketplace/seller-profile?id=c0760e57-2249-46bc-b876-42af65bf15e3
HL Workplace not even HR related. https://www.hl.co.uk/workplace
thx for sharing. Have to say, seems more and more companies are willing or eager to publicize a partnership with Veritone.
Just remarkable that Veritone still doesn't have a dedicated Veritone Hire page.
Haven't announced Ask Veri, haven't announced enhanced aiWare platform that they spent the past year plus working on. Haven't announced gtm plans for Veritone Hire.
I think it is obvious that they are making an effort to not let AI hype to jack up their share price and price themselves out of the market.
What is also obvious is that they have a liquidity problem. They say they are addressing that in the near term.
we have near term plans to vastly improve
our liquidity position on a non-dilutive basis. We will continue to update you on further progress on this
initiative when we announce Q1 earnings in May 2024.
I speculate that they are looking at different options. Keeping the stock low sucks, but it probably serves to bring more interested parties to the table. I think they are exploring strategic options, but if not to their liking, they will go ahead with the asset sale to improve their liquidity. jmo
In that new job description for SR. PARTNER MARKETING MANAGER - AI SOLUTIONS GROUP, they not only removed the references to AWS, they also removed references to aiWare.
Old
Primary responsibilities of this role include regional partner marketing management and priority alignment with aiWARE and partner sales,
New
Primary responsibilities of this role include regional partner marketing management and priority alignment with AI Solutions Group and partner sales
Old
Own customer-facing communication approaches for aiWARE and serve as primary marketing point of contact with internal and external business partners
New
Own customer-facing communication approaches for AI Solutions Group and serve as primary marketing point of contact with internal and external business partners,
Old
Planning and execution of aiWARE webinars (start to finish), blogs, co-branded presentations, metrics/reporting, and email campaigns
New
Planning and execution of AI Solutions Group webinars (start to finish), blogs, co-branded presentations, metrics/reporting, and email campaigns
I would not doubt that a bit.
Back when Chad was CEO and making those tipping point comments, he would include Microsoft along with Amazon as partners.
Now days they never mention Microsoft.
But if it remains the same relationship with Amazon as they always have had, then why does it appear that they are starting to market exclusively for AWS cloud?
They always prided themselves on being cloud agnostic.
Is it just mere coincidence that they are delaying the 10K on the heels of by far, the most massive week of trading volume in the company's history.
You are probably right, probably up to Veritone's discretion. Here's what Google Gemini says"
A 10K filing by a company may need to disclose a new material strategic partner, but it depends on whether the partnership is considered "material" to investors.
The Securities and Exchange Commission (SEC) establishes the guidelines for 10K filings. These filings require companies to disclose all material information. Material information is anything that a reasonable investor would consider important when making investment decisions.
Here's how it applies to strategic partnerships:
Material Impact: If the new strategic partnership has a significant impact on the company's financial performance, business operations, or future prospects, it would likely be considered material and need disclosure in the 10K. This could include factors like revenue sharing, shared resources, or access to new markets.
No Bright-Line Rule: The SEC doesn't provide a specific dollar amount or percentage ownership that automatically triggers disclosure. Companies have some discretion, but they must err on the side of disclosure if there's any doubt about the materiality of the partnership.
In summary:
A new strategic partnership with a significant impact on the company's business should be disclosed in a 10K filing.
The materiality of the partnership depends on the specific details and its potential influence on investors' decisions.
If there's uncertainty about materiality, the company should lean towards disclosing the partnership.
Would think if there is an expanded relationship with Amazon, should be revealed in the 10K.