We recently published a list of 10 AI News Updates You Can’t Miss This Weekend. In this article, we are going to take a look at where Veritone, Inc. (NASDAQ:VERI) stands against other AI news updates you can’t miss this weekend.
The race to get ahead in artificial intelligence is compelling companies to intensify their efforts each day. In latest news, ChatGPT creator OpenAI has been considering developing its own web browser, according to a report by The Information. The report reveals that the company has spoken about the product with websites such as Redfin, Conde Nast, Priceline, and Eventbrite. Having already entered the market with SearchGPT, the move would be placing OpenAI head-to-head with Google, the company that holds the major share of the browser and search market.
READ ALSO: 10 AI News Stories You Can’t Miss and 15 AI News Making Waves Right Now
However, the company isn’t just delving into search and browsers. According to Tech Crunch, OpenAI is also researching algorithms that can predict human being’s moral judgments. OpenAI gave a grant to Duke University researchers for a project called “Research AI Morality.” When asked for more details, an OpenAI spokesperson referred to a press release stating that the grant is part of a larger $1 million, three-year funding effort for Duke Professors working on creating “moral AI.”
As per the press release, the OpenAI-funded project aims to develop algorithms capable of “predicting human moral judgments” when moral conflicts arise in fields like medicine, law, and business. However, it isn’t clear yet whether such kind of an achievement is possible with the current levels of technology.
In other news, AI firm Anthropic is getting another funding boost. Amazon is increasing its investment in Anthropic to $8 billion, strengthening its partnership in artificial intelligence, the companies announced Friday, the 22nd.
“We’ll keep pushing the boundaries of what customers can achieve with generative AI technologies.”
– Matt Garman, chief of AWS cloud computing division.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A professional giving a keynote address around the potentials of AI models for businesses.
Veritone, Inc. (NASDAQ:VERI)
Number of Hedge Fund Holders: 6
Veritone, Inc. (NASDAQ:VERI) is a leading enterprise AI software, applications and services provider.
On November 20, Veritone, Inc. (NASDAQ:VERI) announced that it has launched Veritone Data Refinery (VDR), a new cutting-edge tool that helps businesses turn massive, unstructured data into high-quality, AI-ready assets. The VDR will leverage Veritone’s proprietary aiWARE™ platform to help transform and manage video, audio, and text data for training sophisticated AI models and explore revenue opportunities through data monetization. High-quality data is the need of the hour, as it helps AI models advance. VDR will help tackle the challenge of this data constraint by converting unstructured data into structured datasets ready for training Large Language Models (LLMs) and Large Multimodal Models (LMMs).
“With Veritone Data Refinery, we’re bridging a critical emerging gap in the AI ecosystem by turning raw data into high-value assets that can power next-generation AI. Veritone’s decade-long commitment to advancing AI technology has uniquely positioned us to deliver an end-to-end solution that not only transforms data but does so securely, ethically and at scale. This commitment ensures that our clients can innovate responsibly while maximizing the potential of their proprietary data.”
-Ryan Steelberg, president and chief executive officer, Veritone.
Overall, VERI ranks 9th on our list of AI news updates you can’t miss this weekend. While we acknowledge the potential of VERI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VERI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
