Veritone Inc (VERI)

[GBR]

This article back from September compares Snowflake to Databricks.

To compare Databricks to Snowflake, one needs to understand the differences between a data lake and a data warehouse.

Databricks hosts a data lake, which is a centralized location for collecting all of an organization's structured and unstructured data. Snowflake operates a data warehouse, which only collects structured data.

Now SNowflake focused on unstructured data. Which is what Veritone has been focused on all along, and Veritone uses a data lake.

https://www.fool.com/investing/2023/09/08/forget-amazon-microsoft-google-cloud-snowflake/


And this article from yesterday. Databricks now offering aiWare like services.

Then, with the unified AI playground and MLFlow evaluation, developers get the ability to access models from different providers, including Azure OpenAI Service, AWS Bedrock and Anthropic and open source models such as Llama 2 and MPT, and see how they fare on key metrics like toxicity, latency and token count. This ultimately enables them to deploy their project on the best-performing and most affordable model via model serving – while retaining the option to change whenever something better comes along.

https://venturebeat.com/ai/exclusive-databricks-launches-new-tools-for-building-high-quality-rag-apps/


Looks like everyone is pursuing aiWare like features. And ironically, Veritone has swept discussion of its aiWare features under the rug all year.

We know last year Veritone said they were going to "change the narrative", focus on ecosystem, and opportunities outside of the ecosystem will be pursued with partners. Well, if they are telling the truth, then maybe we are seeing these partners now heading to market. jmo