Veritone Inc (VERI)

[GBR]

This conversation reminds me of this quote by CS.

From an overall business standpoint, 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." - Chad Steelberg May3rd, 2022

The 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."

So now we are seeing these "industry titans" come out with aiWare-like features. And RS and Zemetra have alluded to 2024 disruptive growth for the last 2 earnings calls.

But the most glaring problem as you have pointed out. Why no investment from these titans? Why does Veritone have to secure a high interest rate loan, and be strapped with debt? If developing aiWare together, then why Veritone still going it alone?

We also have heard nothing about the strategic minority investment yet, but they are still carrying it on the books for the same value.