PandoLogic Completes Independent AI Audit for Veritone, Releases Summary of Findings

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Veritone ($NASDAQ:VERI) Inc., a leading public technology company headquartered in California, has achieved success in yet another milestone with the completion of an independent audit of its Artificial Intelligence (AI) capabilities by its subsidiary, PandoLogic. With the completion of this audit, Veritone is proud to announce its continued commitment to advancing AI development and providing a secure environment for its customers. The audit was conducted on May 10th, 2023 in both New York and Denver. Results of the audit show that Veritone’s AI capabilities are robust and secure, confirming the company’s trustworthiness in delivering high-quality AI-based services.

In addition, the summary of findings released by PandoLogic highlights the company’s commitment to conducting ethical operations and protecting user data. Veritone has become a well-known name in the public technology space and its AI capabilities have been given recognition by many prestigious organizations. Moving forward, Veritone looks forward to continuing to build on its success and providing more innovative and secure AI-based products and services to its customers.

Market Price

On Wednesday, VERITONE, a leading Artificial Intelligence (AI) platform provider, announced the completion of an independent AI audit conducted by PandoLogic. The audit was carried out to ensure that the company is using AI responsibly. After the completion of the audit, the overall findings were shared with the public in a summary report. The news of the successful audit had a positive effect on the stock market, as VERITONE stock opened at $4.2 and closed at $4.2, up by 3.4% from the previous closing price of $4.1. This was a clear indication of investor confidence in the company’s commitment to employing AI responsibly.

The audit summary released by PandoLogic showed that VERITONE had put in place robust safeguards to ensure that its AI applications are used ethically, securely and responsibly. The report also highlighted the company’s AI-enabled compliance system, which ensures that its technology is used according to best practices and industry regulations. Ultimately, the release of this report demonstrates VERITONE’s commitment to responsible AI use, and has reassured investors of its dedication to ethical practices. Veritone_Releases_Summary_of_Findings”>Live Quote…

About the Company

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Analysis

At GoodWhale, we have carefully analyzed the fundamentals of VERITONE. Our Risk Rating has determined that this is a high risk investment, in terms of both financial and business aspects. After a thorough review of the income sheet, balance sheet, and cashflow statement, we identified three risk warnings that all potential investors should be aware of. Become a registered user to learn more about these potential risks. Veritone_Releases_Summary_of_Findings”>More…

Peers

In the field of artificial intelligence and cognitive analytics, Veritone Inc faces stiff competition from the likes of Informatica Inc, ZeroFox Holdings Inc, and IXUP Ltd. These companies are all leaders in their respective fields, and each has its own unique strengths and weaknesses. While Veritone Inc has the advantage of experience and a strong track record, its competitors are constantly innovating and seeking to improve upon their own offerings. As such, it is important for Veritone Inc to stay abreast of the latest developments in the industry in order to maintain its competitive edge.

– Informatica Inc ($NYSE:INFA)

Informatica Inc is a publicly traded company with a market capitalization of 5.22 billion as of 2022. The company has a return on equity of 0.39%. Informatica Inc is a provider of data integration software and services. The company’s products are used by organizations to move, transform and manage data. Informatica’s software is used by over 5,000 customers worldwide, including many of the world’s largest companies.

– ZeroFox Holdings Inc ($NASDAQ:ZFOX)

Zynga Inc is an American social game developer running social video game services founded in April 2007 and headquartered in San Francisco, California, United States. The company primarily focuses on developing and publishing social games that are played on mobile platforms such as Android and iOS, as well as on social networking websites such as Facebook. Zynga Inc has a market cap of 498.71M as of 2022, a Return on Equity of 366.87%. The company’s games are available on a number of global platforms, including Apple’s App Store, Google’s Android Market, and Facebook. Zynga’s games have been played by over one billion people around the world. The company was founded in 2007 by Mark Pincus, Eric Schiermeyer, Justin Waldron, Michael Luxton, and Andrew Trader.

– IXUP Ltd ($ASX:IXU)

Pixup Ltd is a media company that operates in the entertainment industry. The company has a market cap of 53.93M as of 2022 and a ROE of -37.67%. The company’s primary business is the production and distribution of films and television programs.

Summary

Veritone, Inc. (VERI) saw its stock price jump the same day it announced the completion of an independent AI audit and the release of its findings by its subsidiary PandoLogic. The audit revealed that Veritone’s AI-driven solutions are reliable and accurate, making it an attractive stock for investors. Moreover, the company has invested heavily in its technology capabilities and is set to benefit from their enhanced performance. Investors should consider VERI as a potential long-term growth stock given its strong fundamentals, competitive advantages, and potential for future growth.