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How a new type of AI is helping police skirt facial recognition bans

MIT Technology Review

"The whole vision behind Track in the first place," says Veritone CEO Ryan Steelberg, was "if we're not allowed to track people's faces, how do we assist in trying to potentially identify criminals or malicious behavior or activity?" In addition to tracking individuals where facial recognition isn't legally allowed, Steelberg says, it allows for tracking when faces are obscured or not visible. The product has drawn criticism from the American Civil Liberties Union, which--after learning of the tool through MIT Technology Review--said it was the first instance they'd seen of a nonbiometric tracking system used at scale in the US. They warned that it raises many of the same privacy concerns as facial recognition but also introduces new ones at a time when the Trump administration is pushing federal agencies to ramp up monitoring of protesters, immigrants, and students. Veritone gave us a demonstration of Track in which it analyzed people in footage from different environments, ranging from the January 6 riots to subway stations.


Zacks Investment Ideas feature highlights: C3.ai, Veritone, Bigbear AI Holdings, Nvidia and Advanced Micro Devices

#artificialintelligence

Artificial Intelligence (A.I.) has garnered widespread attention from users and investors after the viral rollout of the AI-powered chatbot ChatGPT. To give you an idea of how successful the launch has been, ChatGPT is now the fastest consumer app to reach 100 million active users – taking just two months to reach the milestone. As a result of the meteoric rise to popularity, privately held ChatGPT creator OpenAI has secured more than $10 billion in investments from Microsoft. Companies like Amazonhave been using AI under the hood for years. For example, Amazon leverages AI on its back end to increase sales on its e-commerce platform (if you add a table to your shopping cart, it will suggest chairs).


Director, Security Operations at Veritone - United States

#artificialintelligence

We are driven by the belief that Artificial Intelligence is mankind's greatest invention. It is the key to building a safer, more vibrant, transparent, and empowered society. We are determined to be an active contributor to shaping our future for the better. We care about the ethical implications of AI and the prosperity and well-being of all individuals, as well as the growth and continued successes of our employees, customers, and partners. Veritone's mission today is more important than ever.


Artificial intelligence stocks tumble as economic concerns complicate growth

#artificialintelligence

Investors and analysts are starting to push beyond the hype about artificial intelligence and ask more questions about AI software companies' near-term growth prospects. Professional service and software providers including Palantir Technologies Inc., C3.ai Inc. and Veritone Inc. market themselves as AI companies with high growth potential, offering services to enhance enterprise analytical capabilities in sectors like cybersecurity and telecommunications. But amid a tech market downturn, these companies are struggling to convince Wall Street they can withstand the pressures of a weakened macroeconomic environment. "We believe chunky data analytics projects are more likely to be put on hold in a weaker growth environment," Goldman Sachs analysts said in a Nov. 8 note following Palantir's third-quarter 2022 earnings call. All three stocks have been hard-hit amid the broader sell-off in tech stocks in 2022, with Palantir and C3.ai both down about 59% year-to-date as of Nov. 23.


How artificial intelligence can green the cryptocurrency industry: Veritone

#artificialintelligence

A new white paper from Veritone examines how artificial intelligence can help green cryptocurrency -- one of the dirtiest industries around. Cryptocurrency mining is one of the dirtiest industries there is, according to a new white paper from Veritone. The paper says that mining for Bitcoin alone, just one of many popular cryptocurrencies, consumes seven times the total amount of energy used by Google for all of its operations. This presents an enormous challenge: How can mining operations be both good corporate stewards and keep pace with industry growth? The answer, Veritone says, is artificial intelligence (AI).


Everyone will be able to clone their voice in the future

#artificialintelligence

Cloning your voice using artificial intelligence is simultaneously tedious and simple: hallmarks of a technology that's just about mature and ready to go public. All you need to do is talk into a microphone for 30 minutes or so, reading a script as carefully as you can (in my case: the voiceover from a David Attenborough documentary). After starting and stopping dozens of times to re-record your flubs and mumbles, you'll send off the resulting audio files to be processed and, in a few hours' time, be told that a copy of your voice is ready and waiting. Then, you can type anything you want into a chatbox, and your AI clone will say it back to you, with the resulting audio realistic to fool even friends and family -- at least for a few moments. The fact that such a service even exists may be news to many, and I don't believe we've begun to fully consider the impact easy access to this technology will have.


Veritone Wins 2021 Artificial Intelligence Excellence Award for Second Consecutive Year

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DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), the creator of the world's first operating system for artificial intelligence, aiWARE, today announced that Business Intelligence Group has named Veritone as a winner in the 2021 Artificial Intelligence Excellence Awards for its patented suite of real-time AI-powered Veritone Energy Solutions. Launched in the fall of 2020, Veritone's energy solutions optimize smart grid energy distribution by continuously knowing how much of what type of energy to deliver where, providing grid resilience and autonomous microgrid management when portions of the grid fail, and optimal economic dispatch during normal operations. The solutions deliver supply/demand forecasting, energy smoothing and optimization, DER synchronization and predictive control, energy arbitrage, and smart grid simulation. The solutions collect current weather forecast data, energy demand, and pricing data, and detect the current state and capacity of all energy devices, to intelligently determine the ideal energy supply mix and pricing to meet grid demand, in real time. Utilities and developers can now deliver profitable renewable energy with unparalleled grid efficiency and resiliency.


Veritone launches new platform to let celebrities and influencers clone their voice with AI

#artificialintelligence

Recording advertisements and product endorsements can be lucrative work for celebrities and influencers. But is it too much like hard work? That's what US firm Veritone is betting. Today, the company is launching a new platform called Marvel.AI that will let creators, media figures, and others generate deepfake clones of their voice to license as they wish. "People want to do these deals but they don't have enough time to go into a studio and produce the content," Veritone president Ryan Steelberg tells The Verge.


3 Artificial Intelligence Stocks With Long-Term Narratives

#artificialintelligence

Artificial intelligence (AI) is a buzzword in tech these days. The term, which encompasses a range of technologies including machine learning and data analysis. The goal is to create systems that can perceive, learn, and reason in ways that mimic human capabilities. At its best, AI will allow machines to understand the gestalt of a situation and react accordingly, a capability that humans take for granted – but has tends to elude computer systems, which in their turn excel at analyzing minute details. A wide range of tech companies are working on AI systems; artificial intelligence holds the promise of real-time data analysis and situation monitoring, with the machines capable of handling routine decisions.


3 Artificial Intelligence Stocks With Long-Term Narratives

#artificialintelligence

Artificial intelligence (AI) is a buzzword in tech these days. The term, which encompasses a range of technologies including machine learning and data analysis. The goal is to create systems that can perceive, learn, and reason in ways that mimic human capabilities. At its best, AI will allow machines to understand the gestalt of a situation and react accordingly, a capability that humans take for granted – but has tends to elude computer systems, which in their turn excel at analyzing minute details. A wide range of tech companies are working on AI systems; artificial intelligence holds the promise of real-time data analysis and situation monitoring, with the machines capable of handling routine decisions. While it hasn’t been achieved yet, the outlines of success are visible on the horizon. Every smart investor knows to keep his eyes on the horizon; that is, to plan every investment with long-range intentions. Just how long is up to the individual, but most investors agree that a move isn’t long-term unless it’s held for more than one year. Warren Buffett has famously said, “If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.” With this in mind, we used TipRanks' database to identify three AI stocks that have been highlighted by some of Wall Street’s best tech sector analysts. These are analysts with 5-star ratings, standing above their peers in accuracy and average returns – and they’ve tapped Artificial Intelligence as a tech segment for the long run. Veritone, Inc. (VERI) We’ll start with Veritone. This media tech company offers a cloud-based operating system for AI that uses machine learning to turn data into useful intelligence. The software allows users to process audio and video in real time, enhance analytics and research apps, reduce content review times, and streamline time spent on ‘low-value, high-effort’ tasks. The value of the product to the customers can be seen in the quarterly earnings trends and the share appreciation. The last six months – covering the worst of the global pandemic and economic recessionary pressures – have seen VERI’s earnings steadily improve and the share price rise to its best level in over two years. Earlier this month, Veritone showed its confidence by adjusting its Q2 revenue guidance upwards. The guidance, of $13.1 to $13.3 million, is well above the previous upper guide of $12.2 million. The share price has tracked the gains in revenue and earnings. The stock has more than doubled since the February/March market collapse, rising from $3.03 to $10.83 now. Patrick Walravens, writing from JMP Securities, was impressed by Veritone’s new revenue guidance, and reiterated his Buy rating on the stock. In his comments, he said, “Veritone seems to be gaining traction in its Government, Legal, and Compliance verticals as it experienced record bookings in the quarter… we believe the company is moving its cost structure in the right direction with recent cost-reduction initiatives and upgrades…” With his $17 price target, Walravens shows his own confidence that VERI will see 57% growth in the year ahead. (To watch Walravens’ track record, click here) Overall, VERI’s Moderate Buy analyst consensus rating is based on 4 Buys and just a single Sell. The stock’s current price is $11.80, and the average price target $16.25 suggests it has a 50% upside potential. Note that even the low-ball target estimate, of $15, is well above the current price. (See Veritone stock analysis on TipRanks) ZoomInfo Technologies (ZI) Next up is ZoomInfo, a marketing tech company. ZI offers the usual features and services that customers expect in digital marketing intelligence, including account management, data management, demand generation, and lead prospecting. The company’s AI cloud software is specifically designed to improve efficiency in these tasks, letting sellers get to the business of selling. ZoomInfo is a newly public company, having held its IPO just this past June. The opening was a success, with share prices almost doubling on the first day and nearly tripling in the first few trading sessions. Even now, after nearly two months during which the initial excitement waned and the glow came off the rose, the stock is still trading 88% above its initial price of $21. The strong IPO prompted SunTrust Robinson analyst Terry Tillman – who is rated in the top 10 of the TipRanks analyst database – to initiate coverage of the stock with a Buy rating. Tillman wrote of ZoomInfo, “We believe ZoomInfo represents a rare combination of strong top-line growth and best-in-class profitability. Its go-to-market (GTM) sales intelligence platform drives positive outcomes for B2B sales and marketing organizations - increasing leads, customers and revenue. Premium valuation justified owing to accelerating demand for GTM intelligence and company-specific drivers leading to significant revenue and profit upside.” Tillman’s Buy rating comes with a $60 price target, implying an impressive 51% upside potential. (To watch Tillman’s track record, click here) ZoomInfo holds a Moderate Buy rating from the analyst consensus. This is based on 16 reviews, including 7 Buys and 9 Holds. The stock’s $55.07 average price target suggests it has room for 32% growth from the $41.66 trading price this year. (See ZoomInfo stock analysis on TipRanks) CareDx (CDNA) Last on today’s list is a tech company in the health care sector. CareDx develops and delivers diagnostic surveillance systems for heart transplant patients. The company’s AI-powered software monitors patient progress in real time, allowing both the patient and the doctors to respond to any rapidly changing health issues in time to ensure a more successful outcome. The result is a novel development in long-term care. While CareDx’s products were originally designed to monitor heart transplants, the company has expanded. Its products now monitor most human organ transplants – including kidneys, an important niche, as the first successful organ transplant was conducted with a kidney, and this procedure is still among the most common of transplants. CareDx also has cloud-based AI systems to monitor lab results, and to connect digital implants with remote monitors. The company’s earnings have proven mostly immune to recent economic instability, as medical transplant patients and doctors cannot simply stop using the monitoring systems. And with a firm user base, the stock recovered well from the late-winter market crash. CDNA is up over 130% since bottoming out in March. Covering the stock for Piper Sandler, analyst Steven Mah wrote, “We believe CareDx has the broadest transplant care platform in the industry and we remain confident that it is well-positioned to protect and extend its first-mover advantage in both pre- and post-transplant patient management to drive long-term growth. In addition, we are encouraged by the resiliency of its essential tests and ability to operate in a COVID-19 environment.” Mah gives CDNA a Buy rating, along with a $54 price target that implies an upside of 66% for the next 12 months. (To watch Mah’s track record, click here) All in all, with 4 recent reviews on record, all Buys, CareDx has a unanimous Strong Buy rating from the analyst consensus. The stock is currently selling for $32.59, and the average price target, at $42.75, suggests a one-year upside of 31%. (See CareDx stock-price forecast on TipRanks) To find good ideas for tech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.