Why Veritone Stock Was on Fire for the Second Consecutive Week

• Investors were cheered by the latest deployment of the aiWARE platform.

• It present resides connected self-hosted backstage tenants wrong 2 large unreality computing services.

• 10 stocks we similar amended than Veritone ›

According to information compiled by S&P Global Market Intelligence, shares of Veritone (NASDAQ: VERI) were zooming 8% higher week-to-date arsenic of aboriginal Friday afternoon. This followed a akin bull tally past week. This time, the artificial quality (AI) bundle analytics institution benefited from a caller deployment of its bundle level wrong large unreality computing services.

Veritone announced that connected Tuesday, saying that the level -- aiWARE -- and the company's applications person been deployed connected self-hosted backstage Amazon Web Services (AWS) and Microsoft Azure tenants (i.e., unafraid spaces for a client's unreality assets).

aiWARE is Veritone's flagship offering. It approximates an operating strategy that tin simultaneously negociate a clump of artificial quality (AI) models for assorted functionalities.

In the property merchandise announcing the news, Vertione highlighted the inferior of its products to public-sector agencies.

It quoted CEO Ryan Steelberg arsenic saying that "We're arrogant to person created a deployment exemplary that allows organizations similar defence and instrumentality enforcement agencies to support implicit power implicit their infrastructure and information without sacrificing the scalability, flexibility, oregon powerfulness of AI."

That deployment connected self-hosted AWS and Azure spaces is surely a milestone for Veritone, and it's definite to burnish the company's estimation arsenic a utile AI services provider. I similar the absorption Veritone is heading, and it's surely operating successful a perchance high-growth environment. However, I'd beryllium much encouraged if it could commencement to trim its accordant nett losses much meaningfully.

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