Integration to boost electrical grid
performance and resiliency with up to 100x faster grid learning
Veritone, Inc. (Nasdaq: VERI), the creator of the world’s first
operating system for artificial intelligence (AI), aiWARE™, today
announced the migration of Veritone's aiWARE and patented
Cooperative Distributed Inferencing (CDI), a predictive smart grid
optimization and control technology, to NVIDIA robust software
stack and parallel-processing GPUs in order to meet the challenges
of complex real-time AI model and device control optimization in
energy delivery and generation.
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Addressing the dynamic environments of today’s complex
electrical grids, which incorporate distributed energy resources
such as solar, batteries, wind and hydropower, requires predictive,
responsive AI to ensure that all devices under control across the
grid are operating optimally and safely. Based on initial testing,
Veritone projects that the CDI running on the NVIDIA EGX edge AI
platform, which consists of NVIDIA GPUs optimized with NVIDIA
software platforms and tools, will increase processing speeds for
updating device models by up to 100x compared with multi-threaded
CPUs. This accelerated processing will significantly improve
battery control, forecasting, autonomous dispatch, and overall grid
performance.
“Leveraging NVIDIA’s software platforms for Veritone CDI
exemplifies our commitment to developing cutting-edge technologies
for grid optimization and accelerated clean energy adoption,” said
CDI inventor and Veritone Chief Data Scientist Dr. Wolf Kohn. “From
autonomous, resilient grids to local battery optimization, Veritone
sees a significant opportunity to effectively manage our nation’s
fragile network of energy systems that grows more complex by the
minute. We have more than a decade of engineering invested in this
technology, and we are excited to see our responsive, real-time
device modeling made possible through strong collaboration with
NVIDIA engineers and their technology stack.”
The two companies are currently working to enable Veritone’s
accelerated CDI rule-based model optimizer, which uses
reinforcement learning for real-time modeling of solar batteries
and other distributed energy resources, to run on NVIDIA EGX.
Veritone’s solutions model a wide range of battery parameters,
including charging/discharging states, operating conditions such as
temperature and humidity, and warranty constraints. With the
accelerated processing capabilities made possible by NVIDIA,
Veritone’s CDI models update continuously in real-time based on
constantly changing operating conditions, and the most optimal
model is used at any given time to ensure the best operational
state. This model optimization is done at the device level, and
also synchronizes across multiple devices in a complex energy
network so that the entire grid's resources are operating at
optimal performance levels.
“We are very excited about how Veritone is leveraging the power
of the NVIDIA accelerated computing platforms to streamline the
management and optimization of clean energy. We believe that this
will help provide more predictable and reliable energy,” said Keith
Cockerham, Utilities Industry Lead at NVIDIA. “The combination of
Veritone CDI and NVIDIA EGX provides the millisecond-level
autonomous decision-making capabilities required for smart grid
management and resiliency.”
Veritone's energy solutions use patented CDI technology to
deliver real-time dynamic modeling and control of energy devices
for predictable, cost-effective and resilient energy dispatch. Some
clean energy sources, such as solar and electric car batteries,
require extremely fast model refresh times to ensure proper energy
charging, discharging and health monitoring. Energy spikes,
anomalies and extreme weather events require a real-time approach
to device model updating and device control.
Applications for AI model updating using GPUs are abundant.
Veritone is focusing their initial NVIDIA migration efforts on
energy optimization of complex smart grids, and plan to develop
optimized solutions for grid and electric car batteries in the
future. For grid batteries, fast and accurate modeling of batteries
on NVIDIA EGX are planned to increase battery utilization, reduce
the risk of thermal events and extend battery life. For electric
car batteries, the two companies plan to integrate Veritone’s
dynamic modeling with NVIDIA EGX, which is expected to improve
range, battery longevity and reduce the risk of thermal events.
NVIDIA and Veritone are co-hosting a webinar on March 4, 2021,
“Optimizing Real-Time Models of Dynamic Energy Systems”
Click here to register for the webinar, which will cover the
following topics:
- How high-performance computing (HPC) on NVIDIA GPUs can solve
large optimization problems for dynamic grid systems in
real-time;
- Why the battery Data Tomograph modeling system is well suited
for NVIDIA GPUs because of its high computational density and high
data flow requirements; and
- How dynamic modeling can dramatically improve the economics of
operating smart grids.
The combination of Veritone AI technology and NVIDIA EGX will
open doors to real-time AI applications running on-premise, hybrid
or in the public cloud, for use in markets such as energy,
security, smart cities, media and entertainment, contact centers,
and industrial and manufacturing.
For more information about Veritone Energy Solutions and the
aiWARE AI operating system, visit veritone.com.
About Veritone
Veritone (Nasdaq: VERI) is a leading provider of artificial
intelligence (AI) technology and solutions. The company’s
proprietary operating system, aiWARE™ powers a diverse set of AI
applications and intelligent process automation solutions that are
transforming both commercial and government organizations. aiWARE
orchestrates an expanding ecosystem of machine learning models to
transform audio, video, and other data sources into actionable
intelligence. The company's AI developer tools enable its customers
and partners to easily develop and deploy custom applications that
leverage the power of AI to dramatically improve operational
efficiency and unlock untapped opportunities. Veritone is
headquartered in Costa Mesa, California, and has offices in Denver,
London, New York and San Diego. To learn more, visit
Veritone.com.
Safe Harbor Statement
This news release contains forward-looking statements, including
without limitation statements regarding aiWARE Energy’s support of
the NVIDIA CUDA platform, the expected processing speed
improvements resulting from the integration, the performance and
benefits to customers of the use of NVIDIA chipsets with aiWARE,
the potential use cases for the integrated solutions, and
Veritone’s and NVIDIA’s planned future technology integration
efforts for grid and electric car batteries. Without limiting the
generality of the foregoing, words such as “may,” “will,” “expect,”
“believe,” “anticipate,” “intend,” “could,” “estimate” or
“continue” or the negative or other variations thereof or
comparable terminology are intended to identify forward-looking
statements. In addition, any statements that refer to expectations,
projections or other characterizations of future events or
circumstances are forward-looking statements. Assumptions relating
to the foregoing involve judgments and risks with respect to
various matters which are difficult or impossible to predict
accurately and many of which are beyond the control of Veritone.
Certain of such judgments and risks are discussed in Veritone’s SEC
filings. Although Veritone believes that the assumptions underlying
the forward-looking statements are reasonable, any of the
assumptions could prove inaccurate and, therefore, there can be no
assurance that the results contemplated in forward-looking
statements will be realized. In light of the significant
uncertainties inherent in the forward-looking information included
herein, the inclusion of such information should not be regarded as
a representation by Veritone or any other person that their
objectives or plans will be achieved. Veritone undertakes no
obligation to revise the forward-looking statements contained
herein to reflect events or circumstances after the date hereof or
to reflect the occurrence of unanticipated events.
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version on businesswire.com: https://www.businesswire.com/news/home/20210223005280/en/
Allison Zullo Walker Sands, for Veritone
veritone@walkersands.com 330-554-5965
Veritone (NASDAQ:VERI)
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