Veritone Inc (VERI)

[GBR]

I just skimmed through the earnings call for Snowflake.

Stock getting hammered due to guidance. But a lot of discussion on the promise of Cortex, which is still not in public preview yet, being one of the primary drivers of growth going forward.

Even if Snowflake has nothing to do with Veritone, I can't for the life of me see why aiWare would not be a huge asset for Veritone. And Veritone doesn't even talk about it. Only reason I can see for the silence is due to aiWare roadmap being involved with partners.


Cortex will hit public preview soon. To Mike's point, getting this to GA, getting this in the hands of our customers, and having them realize value is the top priority.

There is a lot of pent-up demand for a lot of our new products that are coming out. Sridhar talked about Document AI. We have a lot of customers that want Cortex and Snowpark Container Services. So, I think it's going to be more back-end loaded this year.

As we think about driving more AI workloads to the Snowflake platform, what's the tip of the spear going forward? Is it Cortex? Is it Snowpark? Help us understand what you're focused on accelerating AI workloads to Snowflake.

Sridhar Ramaswamy -- Chief Executive Officer

Yeah. When it comes to AI, as I was outlining, first of all, simplifying it so that it is easy for our customers to use via Cortex is the very first thing. And a lot of things that you and I, like analysts do with text now becomes so much easier to do with language models of different sizes. But I would say the applications that truly drive customer excitement that there is incredible demand for are on the Document AI side and on the Copilot offering.

They're different, but they use the same underlying technologies.

But just how do you feel about ultimately kind of getting back to 30% growth longer term? And kind of what's the top one or two critical things that need to take place to get you there?

Mike Scarpelli -- Chief Financial Officer

I would say the biggest thing is the uptick in consumption associated with all the new enhancements we have in our product, in particular, what we could see coming out of Cortex, we could see coming out of Snowpark Container Services, and ultimately, what we could see in Native App development on our platform.

https://www.fool.com/earnings/call-transcripts/2024/02/29/snowflake-snow-q4-2024-earnings-call-transcript/