9 AI News Updates Investors Should Not Miss

4. Viant Technology Inc. (NASDAQ:DSP)

Number of Hedge Fund Holders: 16

Viant Technology Inc. (NASDAQ:DSP) is an advertising software company that helps marketers plan, buy, and measure advertising campaigns. It offers software that helps marketers and media owners reach target audiences across various channels. The leader in AI-powered programmatic advertising delivered record fourth quarter and full year 2024 results on March 4 that surpassed the high end of guidance.

Revenue in the fourth quarter was up 40% year-over-year to $90.1 million as net income increased 133% to $7.72 million. The robust growth came as Viant Technology Inc. (NASDAQ:DSP) achieved a record quarter for total advertiser spend on its platform. The company also achieved double-digit growth across its digital ad channels driven by Household ID technology, the Direct Access program and the ViantAI product suite.

“Additionally, we continue to empower advertisers with ongoing AI innovations, most recently through the launch of ViantAI, which has attracted interest from advertisers and agencies of all sizes. We are encouraged by recent momentum and well positioned to capture incremental market share in 2025,” said Tim Vanderhook, Co-Founder and CEO of Viant.