Veritone Inc. (VERI) is a cloud-based cognitive software company. In other words, it is a developer of artificial intelligence (AI) platform. It develops an exclusive artificial intelligence platform for numerous markets, not only in the US, but also globally. Artificial intelligence is perceived by many as the future solution to a majority of daily or more permanent problems.This industry provides great potential and it is always interesting following the future trends in technology since technology affects all of our lives intensively nowadays.
Personally speaking, my investment philosophy is risk-averse and my buying power small to medium. For people similar to my profile, but not limited to, VERI can be a risky stock selection, with rating BUY (4) and a 30-day volatility reaching 241.12.
Forecasts from Financial Times indicate a possible drop on VERI’s price by almost 66% in the following year, while revenues are expected to rise by almost 99%. Clearly, there is a big discrepancy here. But where does this come from? Here is the IDDA approach to developing an investment strategy for Veritone VERI Stock.
Fundamental Points: Veritone stock
Veritone’s primary objective is to transform unstructured data into structured data. To achieve that, they use their cloud-based open platform equipped with powerful cognitive computing applications. The data pool can be comprised of audio, video or information in general. In other words, their goal is to imitate human cognitive functions, such as perception, reasoning, problem-solving and prediction and integrate them into machines (computers). Due to their expertise in data analysis and processing, their services extend to providing solutions to organizations or corporations that need to analyze and organize big sets of data (audio, video, structured data). The company was founded in 2014 and their corporate headquarters is located in Newport Beach, Calif.
