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KVM

03/19/24 1:26 PM

#10204 RE: novicetrader #10203

Think the shorts are done for now

GBR

03/19/24 1:28 PM

#10205 RE: novicetrader #10203

Chad Steelberg was the CEO up until the end of 2022. Chad is the architect and main evangelist for Veritone's aiWare platform. He also was the main force behind Veritone's energy solutions. He advocated for aiWare in all industries.

In late 2022, Veritone decided to change focus. Instead of the primary focus being on driving aiWare into all industries, Veritone decided to focus on their ecosystem of businesses (Media & Entertainment, Government, and HR). They said at the time that would still be pursuing other industries, but they would pursue those other industries via strategic partnerships. One such strategic partner was Deloitte, and toward the end of 2022 they announced a reseller agreement with Deloitte. They stated that aiWare would be integrated with Deloitte's CortexAI platform. They have worked with Deloitte since early on, and Deloitte helped Veritone through the Fedramp process with the federal government.

So beginning in 2023, Ryan Steelberg took over as CEO and focused on their ecosystem of business. Chad Steelberg became an "Independent Consultant" leading the aiWare team on a new roadmap, and also hardening and getting the platform to commercial grade status. This website came online in August of last year. https://aiware.com/

But ever since Ryan took over, they have been very tight-lipped on any ongoing developments with aiWare. And they say nothing anymore with respect to progress with any strategic partners working on aiWare outside of Veritone ecosystem.

But we know that the new roadmap has been defined, and according to various sources of information, most of all that roadmap and commercialization work has been completed. But they say nothing about it. So we are waiting for them to come forward on the aiWare plans. They have also been quiet on aiWare as it relates to their HR tech (Pando and Broadbean) so we are waiting for their plans with Veritone Hire as well.