Veritone Inc (VERI) Quote

Let's see whether or not Veritone is completely bypassed in this effort. Would say that this would be a prime example of a Veritone Data Refinery and DMH use case.

Amazon is hammering out deals with news publishers ahead of its AI-enhanced Alexa upgrade
https://bestofai.com/article/amazon-is-hammering-out-deals-with-news-publishers-ahead-of-its-ai-enhanced-alexa-upgrade

Quietly leading the AI revolution. Haha

This delay in announcing an earnings date is crazy. They need to explain the delay and stop acting like business is normal. Something must be going on.

Yeah, and considering that it appears to be an easy process, it makes

me curious as to why they would not also have completed the process for Veritone Investigate and aiWARE to be listed and awardable, and include it all in the same press release.

RS stated

Yes, we expect to have Investigate and the full suite of iDEMS Applications, and aiWARE, listed and “awardable” under Tradewinds over the next several weeks. Remaining process has already started.


Todays press release refers to the applications (Redact, Illuminate, and Track) which can be accessed via Veritone Investigate.


So they have the 3 applications that can be accessed via Investigate, but still waiting to get Investigate listed. And It's Investigate, or (DEMS) Digital Evidence Management System, that includes all the integrations with companies like Axon, as mentioned in the Oct. 2024 PR https://www.veritone.com/press-releases/idems-data-integrations/

So just wondering what the "remaining process" is, as RS states. I still speculate that there could be a deal centered around aiWARE

Wow I didn't know it was that easy. I have seen other companies post when the get award status with Tradewinds. As before it all comes down to revenue and not sure what's up with earnings delay.

From what I am seeing about how to get your application

listed and awardable on Tradewinds Marketplace is not much of complicated process. Basically you have to submit a 5 minute video

To have your application listed and deemed "Awardable" on the Department of Defense's (DoD) Tradewinds Solutions Marketplace, follow these steps:

Prepare a Pitch Video: Create a concise, 5-minute video that clearly articulates:

Problem Statement: Define the specific problem your solution addresses.
Solution Overview: Describe your application and its unique features.
Technology Readiness Level (TRL): Indicate the maturity level of your technology.
Impact and Differentiation: Highlight the potential benefits to the government and what sets your solution apart from others.
Ensure Technical Compliance: Adhere to the prescribed video length and incorporate optimal audio-visual elements, including necessary accessibility features.
TRADEWINDAI.COM

Submit Your Video for Assessment: Upload your pitch video through the Tradewinds Solutions Marketplace submission portal. Your submission will undergo a competitive assessment process to evaluate its technical merit and alignment with DoD needs.
TRADEWINDAI.COM

Achieve "Awardable" Status: If your solution meets the assessment criteria, it will be designated as "Awardable" and added to the Marketplace. This status indicates that your solution has satisfied federal competition requirements, making it readily available for procurement by DoD organizations.
TRADEWINDMARKETPLACE.COM

By following these steps, your application can become part of the Tradewinds Solutions Marketplace, providing DoD entities with streamlined access to your innovative solutions.

All video solutions are evaluated within 30 calendar days of submission, unless submission volumes are unusually high.

Assessments are conducted monthly by a peer panel of subject matter experts from industry, academia, government, and non-profit research institutions.

If your solution meets the assessment criteria, it will be designated as "Awardable" and added to the Marketplace, making it readily available for procurement by DoD organizations.

So basically, it's a panel of of experts that evaluate a 5 minute video submitted by Veritone.

Guessing this PR

does not count as THE DOD contract, since it appears it only relates to listing as awardable under Tradewinds Marketplace.

With Veritone Track being listed, maybe that means it is out of the POC and trial stage and commercially ready. Look forward to seeing if any traction with this application. RS said on Linkedin that aiWARE and Veritone Investigate will also be added to Tradewinds and awardable in the next several weeks. Yeah, as you said, maybe more traction with the cloud companies. If putting aiWARE on Tradewinds, why not have it on AWS and AZURE marketplaces.

What is more interesting or maybe concerning to me is why have they still not announced an earnings date.

Does this announcement count as the DOD contract? I hope not. Also just looking at the numbers the DOD receives about half as many FOIA requests as the DOJ. I’m more interested to see if there is any real traction with Tracker. Also they do explain aiWAIRE a little bit in the PR which maybe shows traction with Amazon and Microsoft.

Does this announcement count as the DOD contract? I hope not. Also just looking at the numbers the DOD receives about half as many FOIA requests as the DOJ. I’m more interested to see if there is any real traction with Tracker. Also they do explain aiWAIRE a little bit in the PR which maybe shows traction with Amazon and Microsoft.

Plenty of other
more successful fish in the sea. Good luck. I will hold through earnings
and see what my options are afterwards, if any.

Still have not set an earnings date. Has never been this late. Have a feeling, good or bad, some type of transaction is imminent.

Gents completely out of Veri after 10 years. Have given up. Now that I'm out will probably go up. Good luck to all.

Looks like they have Data Refinery site up and running.

https://manage.pd.dmh.veritone.com/

Veritone represents and facilitates the largest collection of premium data to global buyers for AI model training and next generation AI applications.

I think it has doubled since you brought it up.

Hard for me to chase stocks like that. Should have done more DD back then.

If interested in GRRR. There is an interesting analysis by Nathan Graff on the company and stock price. Can find On Linkin under CEO account. 

And the best is yet to come

Good call on GRRR KVM.

That CEO knows how to execute and communicate to investors

Things that go under unnoticed

AWS the big bang theory love it

But VERI base case is still a strong growth potential excluding AWS

1 VA using FIOAXPress

https://www.opexustech.com/wp-content/uploads/2023/12/FOIAXPress-Veritone-.pdf

Because of their efforts, VA’s FOIA backlog ratio is 33 times smaller than the federal average, our cases are processed at a fraction of the average cost, and we handle complex cases twice as fast as peer programs

https://www.linkedin.com/posts/michael-sarich_va-foia-veterans-activity-7291497580964818945-LqsT

https://www.nextgov.com/people/2025/01/announcing-2025-federal-100/402639/

2 Dont get it?
Look at pricing chart for deepseek
https://www.brownstoneresearch.com/bleeding-edge/did-the-leaders-in-ai-get-it-all-wrong/
What Ryan said
https://www.linkedin.com/posts/ryansteelberg_veritone-ai-veri-activity-7289726176955088897-7nFM

Ryan Steelberg
CEO & President at Veritone, Inc.

In case you were interested... fully-loaded ASR (model and compute) costs less than $.10 / hour in Jan 2025.

3 Zemtra comments of 2 DOD Gov contract looking at mid 8 digit deals in ER
guidance did not include

Keep up the good work Bucky

Yes, agree,

that disaster occurred when they bought Pando without any safeguards. Handed the reins over to Amazon when they bought Pando.

Even if you are right depending on 1 customer or partner can only lead to disaster which we are witnessing right now.

agree 100%, have said several times on this message board that good or bad,

Veritone's success largely depends on AWS.


And if we rely on what Veritone said, Veritone and AWS partnering on scalable cloud architecture for AI/ML. If Alexa ready to go, then perhaps that means Veritone AWS partnership finally ready to go. We will see.

Completely agree with your opinion. I do think the economic runway for Veri is now or never... And if you believe in your thinking then you may agree with Veri being a pawn stuck in it's place until AWS decides to go public and PERHAPS veritone will get a little recognition..

Here is the way I see it.

If you think back to the Chad Steelberg days, there is no way in hell that aiWARE was going to be successful on its own. For aiWARE to be successful, it has to have chip speed, affordable compute costs, cloud storage, tight security, clean rooms, the list goes on. During the Chad days, all of that infrastructure was still in the process of being built out.

Have to think of aiWARE as a set of capabilities, just one of many many capabilities that would go into a fully functioning commercial grade enterprise platform. Now when Chad left, they stopped talking about those capabilities publicly. But they kept on talking to shareholders in earnings calls about those capabilities. Meanwhile, Chad drops out of sight, consulting on aiWARE, apparently getting it ready commercially at the enterprise level. That was back in 2022.

That was also about the time that Amazon began working on a new Alexa. Now I am not saying the two are related. I'm just saying that you have a 2.4 trillion dollar company that is taking well over two years to get Alexa up and running. Amazon has had to deal with the same constraint challenges as aiWARE. Latency, security, hallucinations, chip speed, costs.

So as RS stated in that recent Schwab interview, now the runway has been laid out, paving the way for applications. He also said Veritone was way too early.

So my point is that it appears the market for aiWARE capabilities is just now emerging, and the market for aiWARE capabilities has just not been feasible from a technology standpoint, and a cost standpoint.

Also, as Veritone stated back in 2022, they said they were going to focus and double down on their ecosystem. Anything outside of their ecosystem would be handled through partnerships. So I believe it is very possible that Veritone, back into 2022, struck partnership deals involving aiWARE capabilities. And those partnerships forced Veritone into a period of silence as far as being able to discuss aiWARE capabilities publicly. But nothing is going to happen with aiWARE from a revenue standpoint until the infrastructure is built out.

So we continue to be baffled as to why Veritone does not ever publicly tout their aiWARE capabilities since Chad left. Well it very well could be that it is because partnerships have already been established and they are sworn to secrecy.

I think it was VP Peter Leeb from Veritone that said recently 95% of enterprise AI projects are still in the trial phase.

So that is why I am encourage that Amazon finally going forward with the new Alexa launch. Even if unrelated, the market for aiWARE type capabilities is finally arriving.

And hard for me to believe that for all of time since RS has been CEO they spent beefing up their AWS credentials, signing a 3 year SCA, launching an AWS consulting business, putting 14 offerings on AWS marketplace, that they get nothing in return from AWS.

Hard to understand given the facts. The very successful new BOD members and deals with CAA and others. None of which would sign on with a Co going into the toilet

Could be right, but CS has been gone for over 2 years and still nothing in the way of marketing whatsoever by CTO or CMO. So something lack besides CS hubris.

I have scratched my head over this for years... Knowing Veri has a much better product yet far less respect and far less credibility from analysts etc.
I believe ALL because of Chad and his f'd up hubris

When you think about it it is really sad, almost criminal.

Big Bear AI trading at over 2B market cap

200M in debt

65M in cash

155M revenues.

GRRR, Verses AI, Airship, all higher market caps than Veri, with less revenues than Veri

In today's market, if you are an AI company, doesn't take much to pump your stock and get immediate results with a higher stock price.

But RS must not be aware of this. RS prefers a lower stock price when raising capital. The more shares outstanding, the merrier. lol

When company not excited by their products how can anyone else be excited about their products. CTO Al Brown have should been out their promoting his product. He's the CTO of Aiware. Never ever heard from the guy ever.

Wish I could share your optimism but between all the debt, need for cash and lack of revenues or profitability and more dilution coming just think no matter what this is dead in the water and will at minimum struggle in short and medium terms. Ton of other  better investments out there. Bottom line no one interested in their tech for whatever reason.

So Amazon has

plans to launch the new AI infused Alexa on Feb. 26. Amazon states that on Feb 14, they will decide if the Feb 26 launch date is a Go or No Go.

Pure speculation as usual, but it will be interesting to me to see what the new Alexa all entails. It should include AI voice, transcription, and conversational AI technology which Veritone has but rarely talks about these days. Multi modal capabilities, and would think it will need access and orchestration of domain specific AI models and disparate data sets.

Veritone was claiming disruptive growth for 2024, and expecting a ramp in the 2nd half of 2024. Alexa was expected to launch in the 2nd half of 2024.

Veritone spent all of 2023 supposedly commercializing and hardening aiWARE. Got all their AWS certifications and launched a consulting business based on AWS.

Even if Veritone not part of Alexa plans, guessing it could be possible that once Amazon starts talking about their Alexa capabilities and underlying tech, maybe it frees up Veritone to start talking more about their consulting business based on AWS tech. Maybe also could talk about aiWARE integrations with AWS.

Could also see Veritone Hire capabilities involved as a means for Alexa users to apply for jobs.

Again, all speculation, but sure strange to me to see all the work Veritone has done over the past couple years centered around AWS, only to have nothing but silence from AWS to date.

Your statement captures it all.

In hindsight instead of wasting time and money on labor statistics reports should have been producing reports and analysis on how Aiware saves money on chips and power and storage etc like Deepseek.

Problem for me is, that is blatantly obvious. It's obvious you should be promoting your differentiating capabilities. Just find it hard to believe that they could collectively be that stupid. Are all the executives collectively that stupid. Or is it RS that is stupid and calling the shots. Is RS saying to Maria Moore that we want to pay you for doing nothing?

Only logical explanation I have is that aiWARE is some type of partnership effort. And why have they never brought to the surface that strategic minority investment that supposedly concerns aiWARE.

I'm not saying that their strategy will be successful, but I am saying that I don't believe they are so stupid that they feel that it is best not to talk about your underlying technology and differentiating capabilities. That is asinine to me, and believe there has to be an underlying reason. Well, the response to this could be that the tech sucks, and that is why they don't talk about it. Well, if it sucks then why continue to pursue it. Why not just scrap aiWARE and stop saying everything runs on aiWARE. Just say everything runs on AWS.

IMO every aspect of management failed from CEO to CFO to CTO to CMO. All failures.

Going thru their 10th reorganization. I guess still sitting back and reflecting on all their accomplishments.

In hindsight instead of wasting time and money on labor statistics reports should have been producing reports and analysis on how Aiware saves money on chips and power and storage etc like Deepseek.

The mystery for me is

what happened to AWS? Veritone GTM strategy was largely via AWS. I believe this is why they were referring to disruptive growth back in late 2023 and early 2024.

Hired marketing executives specifically to work with AWS and AWS partners. Now they are gone.

Announced 3 year SCA with AWS back in August. Have heard nothing since. Supposedly have integration with Bedrock, but hear nothing. Ask Veri, nothing.

But lets say that something bad happened again with AWS, and caused everything to grind to a halt. You still have to pick up the pieces and move on. But nothing but silence from this company. Yet still hiring.

I see no catalysts for them to overcome cash, debt, operating losses and revenues. Haven't produced any partnerships, tech or contracts in years. Meanwhile every ai company on planet has passed them by. Their silence speaks volumes

Think Veri done. Only hope is AiSolution group

But appears that yesterdays

NFL blog post only talks about AWS providing generative AI capabilities.

However todays post looks like they are providing information on how to go about intelligent search using AWS tools. Basically bypassing Veritone or DMH.

AWS more competitor than partner imo. Why does RS keep rallying around AWS.

Also, the guy that was with the NFL presenting their new intelligent search capabilities with AWS at AWS Re:invent is Eric Peters. He and RS are connected on Linkedin.

Looks like right after AWS reinvent, Eric Peters left the NFL and now is with AWS. https://www.linkedin.com/in/ericaaronpeters/

Looks to me like

the marketing strategy planned in early 2024 on gtm with AWS did not materialize.

Here's a post by AWS today on semantic search of media archives. So much for DMH 2.0

https://www.linkedin.com/feed/update/urn:li:activity:7292965835977990146/

and yesterday they had another blog post on NFL search capabilities.

https://aws.amazon.com/blogs/media/how-the-nfl-uses-generative-ai-from-aws-to-streamline-media-asset-search/

Don't understand destiny how people let go yet have 18 job openings that never seem to get filled according to website

I'm sure she is looking

Not sure

why Maria Moore is hanging around.

Another one gone.

Hired as part of Veritone's early 2024 go to market plans with AWS .

https://www.linkedin.com/posts/patrickellement_newadventures-bridgepartners-partnerships-activity-7292937902165028864-UsRR?utm_source=share&utm_medium=member_desktop&rcm=ACoAACrO_P0BUXTeWbYzhRP4fL4GBUv5pVrDjxI

Every ai company winning Fed contracts. Takes veri 2 yrs and still nothing for 7 figure contracts. Believe don't have any potential contracts. More BS

What a mistake

Why is CNBC showing 11M volume in after hours.

3.33
quote price arrow up+0.05 (+1.52%)
Volume
11,024,039

https://www.cnbc.com/quotes/VERI

Well in hindsight,

considering the 2024 shit show, it was wise of them not to start coverage then. Maybe they have some insight into 2025 activities.

He had been liking for at least a year now. Why initiate coverage now.

That guy from EF Hutton
was on the investment banking side of things. Seems like usually a transaction would take place before the brokerage side of things would start coverage. Not the case here obviously. But I have never believed that investment firms always respect the Chinese wall.

Looks like 4.50 price target

D. Boral Capital initiated coverage of Veritone (VERI) with a Buy rating and $4.50 price target Veritone provides enterprise artificial intelligence computing solutions and services, including certain advertising and licensing services, through its proprietary aiWARE platform, the analyst tells investors in a research note. The firm believes investors are overlooking a company “that is poised for growth, with relatively complex historical financials from multiple business lines obfuscating the promising AI future VERI has.”