Gummy Of The Day--(aside from LLNW)
VERI--> This is Veritone.
Description
Veritone, Inc. provides artificial intelligence (AI) and computing solutions in the United States and the United Kingdom. It develops and operates aiWARE platform, an AI operating system that integrates and orchestrates a range of cognitive engines to reveal multivariate insights from structured and unstructured data, as well as to conduct cognitive workflows based on these insights. The company also provides media advertising agency services, including media planning and strategy, media buying and placement, campaign messaging, clearance verification and attribution, and custom analytics directly to advertisers through outbound sales networking, and client and partner referrals, as well as indirectly through advertising agencies or marketing consultants. It serves media and entertainment, legal and compliance, and government markets.
These guys got a relatively small contract from the Air Force but in an important area AI--
Veritone awarded $1.3M of subcontracts under USAF program 08:08 VERI Veritone said in a release, "Veritone announced that it has been awarded key subcontracts under a U.S. Air Force project that will use Veritone's aiWARE artificial intelligence operating system to increase the speed and accuracy of overhead imagery analysis. AFWERX, the Air Force's innovation unit, awarded a Phase II contract under the Small Business Innovation Research, or SBIR, program to prime contractor alYnmnt. Veritone has been awarded subcontracts for software license and technology development services totaling $1.3 million in support of this program. The Air Force Research Laboratory and AFWERX have partnered to streamline the SBIR process in an attempt to speed up the experience and broaden the pool of potential applicants. Under the terms of the Phase II contract, alYnmnt will develop software integrated with Veritone aiWARE to process overhead imagery using the optimal combination of AI object detection engines. The contract expectation is that aiWARE will significantly increase the speed, accuracy, throughput and productivity of imagery analysts by pre-processing intelligence imagery and video with object detection engines."
Alright yesterday +8% on the Contract Award to $8.33 & today looks like up another 6% to $8.85 why?
Veritone deal with Air Force could enter 'bigger phase,' says Northland 07:52 VERI Northland analyst Michael… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow/////Get Free Trial Show Related Items >>
So I won't know why until tomorrow.... Lets put these guys on hyper Watch......