The whole problem with Veritone centering their entire business around aiWare was that it took 10 years for the market to finally get around to seeing the need for it. Corporate America was content to go with cheaper point solutions, and really did not embrace the concept of integrating all their business processes with AI until 2023.
So for 10 years, Veritone has basically been developing a platform that didn't have a whole lot of demand. Looks like 2024 the market is waking up to the concept of platforms that can accept more and more third party AI models and orchestrate them
Remains to be seen the extent to which companies like Amazon, Google, Snowflake etc can just develop their own versions of aiWare like capabilities rather than licensing from Veritone. But all the hints towards AWS are encouraging.
Veritone bought Broadbean last year which was a head scratcher at the time. They did this while Chad was apparently working on a new aiWare roadmap. I could see some arrangement where AWS helps Veritone scale its ecosystem verticals, while Veritone helps Amazon enhance Bedrock.
Today, Ryan emphasized the cloud agnositic nature of aiWare. So leads me to believe that Veritone has not sold its soul to AWS. Could be other business relationships being established. We know Linkedin, owned by Microsoft now calls Veritone Hire a preferred partner.
I just did not expect that we would be three months into the year and still not know the aiWare roadmap, aiWare developments over the year, or much about the fully integrated Veritone Hire. Still think we might learn something from the 10k. And still think there might be other underlying reasons for delaying it. Who knows.
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