Veritone Inc (VERI) News

Considering Veritone's current valuation, and the fact that Veritone has been working with most of these media companies for years, and has ingested all of their data, I find it hard to believe that AWS would bypass Veritone in this endeavor. Not to mention the fact that Veritone is using AWS tech to upgrade their platform and applications. AWS even had an AWS branded DMH at NAB.

If nothing announced on earnings date, I agree, toast. But hard to believe that these guys can't seem to execute on anything.

Hard to believe the Company with the leading Ai enterprise platform can't even get a mention

IMO Veri is toast.

Interesting article. No mention of Veritone of course. But here AWS describes pretty much what Veritone is doing with DMH.

AI
Nvidia, Amazon, Microsoft, and Paramount execs discuss the use of AI in Hollywood. Here are 9 startups they're watching.
Emma Cosgrove Jul 24, 2024, 4:00 AM CDT


Harrison Ford as Indiana Jones in "Indiana Jones and the Dial of Destiny."
Harrison Ford appeared as a younger version of Indiana Jones with the help of AI in "Indiana Jones and the Dial of Destiny." Lucasfilm/Disney
Hollywood is eager to find ways to cut costs and keep audiences engaged.
Executives from Nvidia, AWS, Microsoft, and Paramount convened at the Digital Hollywood conference.
AI that can save on time and expenses, while bringing content to larger audiences is top of mind.
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Startups are rushing to create the best artificial intelligence video generation tools and convince Hollywood that AI won't decimate the creative industries. But, the most common early use of AI in entertainment is often more mundane than reverse-aging Harrison Ford to simulate a younger Indiana Jones.

When top executives at the intersection of AI and entertainment met at the virtual Digital Hollywood summit on Monday, the use cases for AI in Hollywood were decidedly deeper in the details. They're focused on marketing, speeding up back-office work, and generating more revenue from existing content.

AWS's head of media, entertainment, games, and sports, Samira Panah Bakhtiar, said AI presents promising new ways to bring in more revenue from the back catalog of movies and shows that for many studios, largely sit idle.

"I think the most unbelievable opportunities presented at the moment to our customers who are sitting on decades and decades of archival content is their ability to search and discover what they're sitting on," said Bakhtiar.


AWS is working with other AI firms like Anthropic to find ways for media companies to categorize archival footage by characteristics like the lead actor and sentiment analysis so that the media owners may better understand what has untapped value to consumers.

Understanding where content can and should be distributed and then creating and translating subtitles, audio descriptions, or dubbing audio into a new language via AI are other applications entertainment execs are excited by. But for many powerhouses of creative content, building tools in-house is not in the cards. Enter the startups.

"We recognized early on, particularly in this generative AI wave, that the big foundation model technology companies are going to be very important to our future, and that we're not going to be able to invest at a level to do things on our own," Paramount Chief Technology Officer Phil Wiser said.

Not only can AI potentially help companies like Paramount more effectively distribute to audiences, but, it can also lower the cost of reaching audiences that may not be able to consume media as created.


Fulsome audio descriptions of scenes, for example, are expensive to execute well. "I'm hopeful that the use of AI can now make these accessibility capabilities more prevalent in media in general," Wiser said.

Companies like Microsoft, AWS, and Nvidia are all eager to enable the next big breakout startup, and content developers like Paramount are prime customers for companies seeking to disrupt the way media is made and distributed. These are some of the startups AI and entertainment leaders have their eyes on.

Runway
Three men on a New York balcony turned toward the camera and smiling
Runway cofounders Alejandro Matamala-Ortiz, Anastasis Germanidis,and Cristóbal Valenzuela. Runway
At its last round of funding, Runway had a $1.5 billion valuation, and its text-to-video capabilities have attracted partnerships from Paramount, AWS, Nvidia, and Google.

The focus of Monday's discussion wasn't on Runway's potential to create films fully, but more to speed up work to market films made in the traditional way.


"Marketing is one of the areas we're seeing great uptake because you have to create derivative versions of content very quickly, and you have to do it in the current workflow that you're using," Wiser said regarding how Paramount uses Runway's technology.

The tech was also used in the Oscar-winning film "Everything Everywhere All at Once."

Krikey.ai
Krikey also enables users to turn text into images, but it specializes in animation — for example allowing gamers to create three-dimensional avatars of themselves. This kind of technology makes way for some of the more prominent applications of AI within marketing and advertising.

"We're seeing a lot of interest in marketing with this digital human or digital character equivalent that lets fans interact with the characters," Wiser said. Krikey is in AWS' Startup accelerator cohort, according to Pitchbook.


Cuebric AI
Cuebric can turn still images into multi-dimensional landscapes suitable for film. The company partners with Nvidia and AWS for its inference computing. Amazon's Bakhtar called out Cuebric among several other startups using AI to create visuals. The company's cofounders have said they want to democratize filmmaking.

Luma AI
marc andreesen a16z
Luma AI investor Marc Andreessen thinks AI can save comedy. Justin Sullivan/Getty Images
Luma AI, another image generation AI startup Bakhtar named, has raised more than $68 million according to Bain, with recent backing from Andreessen Horowitz. Luma's text-to-3D image generation model Genie, is the company's core offering. Cofounder and CEO Amit Jain worked on Apple Vision Pro and its machine learning applications before cofounding Luma.

xMentium
Microsoft's business and technology strategist for media and entertainment, Eliot Sakhartov, described xMentium as a "thoroughly unsexy" AI tool his team is using.

xMentium helps speed up drafting and referencing legal documents and contracts. The company has raised around $7 million in funding, according to Pitchbook, and specifically targets the entertainment industry.


Speechmatics
Michael Kaplan, Nvidia's global business development head for generative AI in media and entertainment, referenced Speechmatics, a UK-based startup that creates AI transcription and translation tools that can be used for captioning.


Speechmatics is a member of Nvidia's Inception program, a network of more than 20,000 startups.

"You actually can unlock a whole bunch of content in a geography that typically would never have gotten that," said Sakhartov of AI transcription and translation for captions.

Twelve Labs
A remote control pointing to a TV set that has apps shown.
More ads are likely coming to your streaming service Oleg Elkov/Shutterstock
Twelve Labs, also mentioned by Nvidia's Kaplan, uses AI to not only listen to spoken language in content but also understand what's going on more broadly. This extra context can facilitate seamless sectioning of content into chapters or inserting ads in logical places. It also allows for more capabilities to search through videos by more ephemeral search terms like tone and actions.


Sakhartov presented a hypothetical scenario in which such a tool could take your favorite show and the length of your commute, and custom-edit an episode only with your favorite parts tailored to that window of time.

ElevenLabs
The ElevenLabs team
ElevenLabs
Voice-cloning startup ElevenLabs could extend the distribution opportunities for films and TV into new languages via AI dubbing. The London and New York-based startup reached unicorn status earlier this year. Its digital replicas of voices have also been used for marketing.

A digital version of Nvidia CEO Jensen Huang debuted at Computex 2024 in Taiwan in June and the tech titan's voice was generated in both English and Mandarin by ElevenLabs.

Hour One
Composite photo of Reid Hoffman and AI Reid Hoffman
The Reid Hoffman on the left was created by Hour One's AI. On the right is the real Reid Hoffman. Reid Hoffman/YouTube
Speaking of Huang, Israeli startup Hour One's technology helped animate Huang's "digital human." The rendering was so convincing, Kaplan admitted, "I did not know. I thought it was him."


Founded in 2019, Hour One has been pushing the potential for digital humans and realistic avatars for longer than most. The company is also a member of Nvidia's Inception program. Among entertainment applications, the company sees an opportunity to generate moving avatars of well-known broadcasters for real-time updates in news and sports.

https://www.businessinsider.com/hollywood-execs-embrace-ai-startups-nvidia-microsoft-paramount-amazon-2024-7

Forgot great improvement in BS with nondilutive transaction and meanwhile will file an S3 just in case we are just bullshiting on everything else.

Forgot this one.


"As we discussed on our last call, we remain on a near term pathway and are progressing to vastly
improve our liquidity position on a non-dilutive basis." - zippo

"Moreover, we remain in late agreement stages with various federal agencies on
larger, enterprise level arrangements" - zippo


"We are thrilled to announce that Ask Veri will soon
be available across the majority of Veritone’s commercial and public sector applications" - zippo (today marks 4 months since Ask Veri PR came out.)


" Beginning in the second half of 2024, we expect to see material growth on
a global basis from Broadbean, driven by our ability to expand into controlling not just the job
distribution software budget, but advertising budgets as well for EMEA clients. We expect to finalize the
full integration in the first half of 2024," - zippo

aiWARE roadmap news / CS accomplishments - zippo

progress on new consulting business - zippo

So bad, it must be good. lol

You mean Veri interesting when every stock in the world is up except for Veri

This is Veri intresting...

And if going alone on everything, then beyond incompetence not to want to talk about any differentiating capabilities. Hard for me to believe. CS never held back on differentiating capabilities.

Always have to rely on RS telling the truth, which appears to be hit and miss. But said veritone hire integrated with aiware. Also said VERI integrated with aiware and Veri added to majority of applications. Well, anything with respect to aiware roadmap and VERi appears to involve Amazon tech and integration with bedrock. They haven't said much at all on Veritone Hire integration, let alone veritone hire with aiware and VERI. Why? Broadbean sure was a spendy acquisition for them to continue to be silent on their plans. Have no idea but hope they reveal progress with this come earnings call.

Amazon has almost 100 bil in cash. Nothing for Veri. Makes you wonder.

Or management incompetent

Yet Steelbergs own 27 percent. Doesn't make sense. Hasn't made sense since RS took over. Only thing I can think of is Amazon holding the reins.

It is pretty sad when have no cash, stock prospectus haging over investors heads, huge debt, Ai frenzy have to hear about everyday and absolute complete silence. As someone said on this board don't have to announce everything everyday but to announce nothing is almost criminal.

Well 2 weeks to EC. Hopefully get some meaningful info at that time. Don't think we get anything before at this point.

Veritone just allows their stock to be a traders playground. No regard for the long term investor.

Pretty sad only thing tweeting is how they are thanking AWS for letting them use AWS applications. Great partnership.

Or 15x sales ...

https://www.frontier-enterprise.com/amd-signs-up-for-us665-million-acquisition-of-silo-ai/ AMD

Yeah the bull case is that for the past year or two they can't be that bad, so it must be good, lol.

Maybe silence cause plan to sneak up on the competition. Step 1 is executed to perfection. Now let's see about step 2. Lol

Veri's area of focus is Ai wilderness guide.

Don't think that is veritones area of focus. My guess is no.

I'm not sure but is there a scenario or use case for veri that would prevent or allow to circumvent a CRWD MSFT debacle?
]

Yea that's for sure.

remaining 75% of shareholders have been teed off for over 2 years now.

Don't think so. Remaining 75% of stockholders will be teed off.

Or Steelbergs just take it private at 3 bucks.

Pink sheets first stop

Climb aboard the rocket ship Veri

Veri best kept secret in Ai. At least consistent in marketing approach or should I say lack of. MC of 100 mil with 150 mil in revenues. Can't even generate 1x revenue MC. Pretty disgusting in this Ai frenzy.

And or Deliotte....!!)

It also gives Deloitte the ability to develop its own applications to customize solutions for virtually any use case,



https://finance.yahoo.com/news/veritone-achieves-three-peat-deloitte-123000607.html

They added Attribute to AWS Marketplace today.

Again, says powered by aiWARE.

But ever since RS took over, don't like to talk about aiWARE.

And Veritone Investigate still says "Built on enterprise-grade architecture powered by AWS Commercial "

And the recent video with AWS and Sean King
What Does The Future Hold? ... Veritone and AWS - Scalable cloud architecture for AI/ML"

As frustrating as it is not to get more details on where they are going with aiWARE, I still find it hard to believe that omitting aiWARE from their marketing efforts is because of incompetence.

It could be argued that they don't discuss aiWARE publicly anymore for the simple reason that aiWARE sucks and is not a competitive platform. If so, then why do they still say powered by aiWARE, and why do they still mention aiWARE in the company description of each press release. If aiWARE sucks, why even mention it at all? And why pay millions to CS.

I'm not saying that success is guaranteed, but it still looks to me like they have some aiWARE collaboration with AWS that they are still not revealing.

Should really be reclassified as a not for profit company.

And there u have it another PR on 2q labor statistics. Very sad

And finance it all by taking from investors at expense of revenue generation. Go figure

Want to be Best kept secret in Ai and Ai wilderness guide. Not interested in generating revenues.lol

How do you do that when they don't make it available.

Stock is aimless, with nobody in control of the reins.

Maybe you should ASK VERI? !!)

Why not update the website to include Veri. Wins a best of show award at NAB, then nothing.

Yeah if going it alone, then obviously a lousy job of it. Not even trying to promote themselves. Don't get it.

They don't seem to want their stock to be involved with the AI hype at all. Doesn't look like preparing for a public offering to me. But to say demand exploding back in March, then nothing is ridiculous. Where is Veri? Where is Veritone Hire? Where is aiWARE? Nothing.

Looks like updated some other sections also. Just my opinion but looks like going it alone and EC will be road show and shortly thereafter we get stock offering. Hope I'm wrong but that's the way looking for me.

Finally updated investor section of website. Maybe more updates to follow.

Can't argue with anything you said. And as you say something has to happen soon. The next move with regard to the balance sheet will show their cards, good or bad.

They also have no credibility in the investment/ capital community cause of the con job that they did on the convertible debt holders who at this point would do anything to get out of Veri including selling at 50% on the dollar. Only choices are usury loans with ridiculous dilution and not even sure any loan shark even wants to do that or stock offering, yet no roadshow. Any partner investment would have been completed long ago. So not too many options.

Something as simple as updating their websites and they can't even do that. How are they going to handle the bigger picture. Answer is obvious.

After 10 years there should be no more speculation about direction. It's difficult to anticipate their next move when constantly shooting from the hip. Business plan should have been solidified years ago. They perform and act like a start up with disgraceful mgt and unclear path forward.

And AWS not afraid to mention other partners like Anthropic etc. But never mention Veri. Got to be a reason and can't be good.

Bottom line with all the maybe(s) and I think(s) and IMOs they are running out of cash, debt going no place and lack of revenue growth and profitability making the situation worse by the day. Their lack of concern and urgency is appalling. Whether have something in the works and lack of transparency is also appalling and almost criminal. Their backs are too the wall and it seems they don't even realize it. Something has to happen in the next month when cash is totally depleted. Whether good or bad they need cash to continue . At this point we get a stock offering at bargain sale prices. But maybe in reality at fair value. Either way sad.

Maybe that architecture is also part of the Veritone Hire integration, and why taking so long.

"What Does The Future Hold? ... Veritone and AWS - Scalable cloud architecture for AI/ML"

Maybe this is the catalyst for "disruptive growth". Whenever it gets announced.