15 AI News Investors Should Not Miss

6. Veritone, Inc. (NASDAQ:VERI)

Number of Hedge Fund Holders: 67

Veritone, Inc. (NASDAQ:VERI) is an American artificial intelligence technology company that designs human-centered AI solutions. Its proprietary operating system, aiWARE™, manages a growing ecosystem of machine-learning models to transform audio, video, and other data sources into actionable intelligence.

On October 18, Veritone, Inc. (NASDAQ:VERI) announced major advancements to Veritone Track, its advanced AI-powered digital video forensics tool for public safety and law enforcement. The updated version of Veritone Track enables users to identify as well as track vehicles of interest by their make and model across multiple video sources. In turn, it will help offer them greater speed and accuracy in investigative efforts without the need to rely on personally identifiable information (PII).

The update also incorporates customer feedback, featuring a redesigned user interface as well as a new functionality that automatically combines all video evidence of a person or vehicle of interest into a cohesive timeline. This is done via video footage that is obtained through various camera sources, such as closed-circuit television, body camera footage, and drone camera footage, thereby reducing the manual review of countless hours of footage.