Not to mention the Workday and Oracle investments. Hopefully this investment in employees and infrastructure was based on expected contracted growth, and not just wishful thinking growth.
Obviously they have no interest in keeping investors informed about aiWare progress. If one were to go by only press releases in evaluating the company, one could think they are moving away or giving up on the enterprise AI platform vertical and going all in on metaverse and Veritone Voice. But I'm still holding out hope due to the recent ramp in aiWare revenues.
I know this is speculation and to many a pipe dream, but I think they don't mind the stock price being down here because it brings people to the table, and they can explore more strategic options. It is obvious to me that they are doing nothing to support the share price, even providing guidance as if Amazon will continue its non hiring phase for the rest of the year, despite noting in the 10Q that they expect Amazon revenues to recover this quarter. Why?
Regarding the amendment to the Pandologic deal, I think there is a good chance that Veritone would be paying the $11M even if they had not agreed to the Amendment, considering their expectation that Amazon revenues will resume normally this quarter. For some reason they wanted the option to vacate Pando status as a standalone subsidiary before the end of the year.
The Pando amendment, the total lack of news or PR on aiWare and Enterprise AI market, and the recent spike in aiWare revenues, just tell me that something strategic is brewing.
If I'm wrong, which I usually am, then why is Veritone not interested in generating awareness of its recent aiWare growth and generating awareness to commercial enterprises for their aiWare platform. Why are they saying nothing about Pando integration with aiWare. Instead they come out with these benign Veritone Voice PRs. It doesn't make sense, and yet I don't think they are stupid. And it seems pretty clear to me that Chad Steelberg is all about the proliferation of aiWare in government and commercial enterprise. So why the silience.
