When it comes to energy, they had the TECO trial, and said massive backlog waiting for those results. Since then they've mentioned several partners and last earnings call said now in process of generating revenues.
We are now actively engaged in generating revenues from multiple operators, each with significant potential for expansion.
It's CDI technology, and CDI applied to aiWare. Im sure there is a degree of product development specific to energy, but wonder if the trial with Teco serves to prove the technology in other verticals such as healthcare.
If Teco was a real world trial, and it took a long time, I would think it served to prove the technology predictive capabilities regardless of industry.
Another thing is that this was supposedly developed with Microsoft, so we have no idea what Microsoft is doing on their end.
This is speculation, but Wolf Kohn was developing technology for Microsoft and in that old article his work was used in Microsoft Dynamics. I'm guessing Microsoft had a continued interest in CDI with Atigeo, and When Vertione bought the Atigeo assets, continued partnership with Microsoft. I know Microsoft had release their AZURE HEalth Data Services, which from articles sounded to me like capabilities similar to CDI. So who knows, but maybe a Veritone has some of their capabilities in Microsofts offerings and there is some type of license agreement in place. But yeah, still lots of beta and proof of concept, so I guess we will find out when Enterprise AI in the various industries really get off the ground. I think it's starting to happen, and that's why Veritone has expected momentum to build in second half of 2022 and progress in 2023. Maybe we will be pleasantly surprised when they finally reveal 2023 guidance.
