Veritone Maps AI Growth Push as Oracle Partnership Targets Cost Savings

Veritone Maps AI Growth Push as Oracle Partnership Targets Cost Savings

Veritone outlined a broad AI strategy centered on turning unstructured data like video, audio and documents into searchable, monetizable assets through its aiWARE platform and products such as Digital Media Hub.

The company said its public sector business is a fast-growing priority, with tools for evidence management, redaction and case analysis built for compliance-sensitive customers including law enforcement and federal agencies.

Veritone highlighted an Oracle Cloud Infrastructure partnership that it expects could lower costs by up to 20% or more, while also supporting its ongoing restructuring and cost-saving efforts.

Veritone NASDAQ: VERI used a July 7 investor webcast to outline its strategy across artificial intelligence, data management, media, public sector and talent acquisition, with executives emphasizing the company’s focus on unstructured data and AI-enabled workflows.

Ryan Steelberg, Veritone’s CEO and president, said the company was founded to address the growing volume of unstructured data, including video, audio, images and documents.

He said Veritone’s proprietary AI operating system, aiWARE, supports a portfolio of applications designed to help organizations turn that data into intelligence, efficiency and revenue.

“AI needs high-quality data to deliver meaningful outcomes, and organizations need AI to make sense of the massive amounts of data they already possess,” Steelberg said.

He described Veritone as positioned at the intersection of AI and data, serving customers in media, entertainment, sports, public sector and talent acquisition.

Commercial Business Focuses on Media, Sports and Archives Sean King, Veritone’s chief revenue officer, said the company’s commercial business helps organizat...