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AI Eye Episode 465: Veritone (NasdaqGS: $VERI) Reviews Agreement with CBS News, and DigiMax Global with Subsidiary DataNavee Develops AI-Based Crypto Tool

 

Point Roberts, WA and Vancouver, BC - October 30, 2020 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today's edition of The AI Eye - watching stock news, deal tracker and advancements in artificial intelligence.

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AI Eye Episode 465: Veritone (NasdaqGS: $VERI) Reviews Agreement with CBS News, and DigiMax Global with Subsidiary DataNavee Develops AI-Based Crypto Tool

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NasdaqGS:VERI) (CSE:DIGI)

Veritone, Inc. (NasdaqGS:VERI) has renewed its content licensing agreement with CBS News. Under this multi-year renewal agreement, CBS will be able to leverage Veritone's "proprietary AI technology to advance and accelerate the content search and discovery process," for the former's archival and breaking news content. Jay Bailey, Vice President of Entertainment Licensing at Veritone, said:

"We are incredibly proud of all that we have accomplished in our decade of working with CBS News, and are excited to renew our agreement and power the future of premium content licensing together. Through our extended partnership, we will continue to grow the amount of CBS News footage that is available to content creators and with our proprietary AI technology make it easier and faster for creatives to pinpoint the perfect moment for their next project."

DigiCrypts Blockchain Solutions Inc. (CSE:DIGI), o/a Digimax Global Solutions, along with its wholly-owned subsidiary DataNavee Corporation, "has developed an AI-Based predictive trading information platform that has demonstrated an ability for an investor to realize superior rates of return trading crypto currencies such as Bitcoin and Ethereum." An excerpt from the press release explains:

...the program uses AI to sort through reams of data that includes not only the trading history of the currencies, but also both macro- and micro-economic data, world events, and global money flows. Bringing all of this data into one program gives the user an ability to predict small and large changes in pricing direction with a high correlation to actual price moves.

Global Big Data Tech Market - Driven by AI, ML - to Reach $116.07 Billion by 2027

A report published by Fortune Business Insights finds that the global Big Data Technology market will grow from $41.33 billion in 2019 to $116.07 billion by 2027 with a compound annual growth rate (CAGR) of 14 percent in the forecast period 2020-2027. An excerpt from the report summary outlines the roles of AI and ML as drivers in the market:

The rising adoption of technologies such as Machine learning, AI, and data analytics, is changing the landscape of big data technology. The integration of such technologies with big data helps organizations to augment their visualization capabilities, make complicated data usable, and more accessible over visual representation. ML tools utilize business intelligence solutions to investigate structured and unstructured data. End-users can use ML and data analytics integrated with big data technology to analyze the information and draw insights about the prize, sales, and quantity to reach the target customers. This helps end-users to predict future conditions and to efficiently manage the transportation and supply chain components.

Sam Mowers, Investorideas.com

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