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The AI Eye: NVIDIA (NasdaqGS: $NVDA) to Acquire SwiftStack and Veritone (NasdaqGS: $VERI) Expanding Content Classification Capabilities to Enhance Advertising in Podcasts


Point Roberts, WA and Vancouver, BC - March 10, 2020 ( Newswire) (, 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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The AI Eye: NVIDIA (NasdaqGS: $NVDA) to Acquire SwiftStack and Veritone (NasdaqGS: $VERI) Expanding Content Classification Capabilities to Enhance Advertising in Podcasts


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

Stocks discussed: (NasdaqGS:NVDA) (NasdaqGS:VERI)

NVIDIA Corporation (NasdaqGS:NVDA) has recently signed a definitive agreement to acquire data platform company SwiftStack. NVIDIA had worked with SwiftStack for over a year "to solve the data challenges to enable AI at scale." Joe Arnold, CPO and co-founder, SwiftStack, explained:

Last year, when we announced SwiftStack 7, we unveiled our focus on the SwiftStack Data Platform for AI, HPC, and accelerated computing. This included SwiftStack 1space as a valuable piece of the puzzle, enabling data acceleration in the core, at the edge, and in the cloud.

To our existing customers-we will continue to maintain, enhance, and support 1space, ProxyFS, Swift, and the Controller. SwiftStack's technology is already a key part of NVIDIA's GPU-powered AI infrastructure, and this acquisition will strengthen what we do for you.

Building AI supercomputers is exciting to the entire SwiftStack team. We couldn't be more thrilled to work with the talented folks at NVIDIA and look forward to contributing to its world-leading accelerated computing solutions.

I'm personally excited about what the team and I will be building at NVIDIA.

Veritone, Inc. (NasdaqGS:VERI) has "announced the expansion of its content classification capabilities to support IAB Tech Lab Content Taxonomy-compliant metadata output via aiWARE APIs," allowing for better ad targeting at scale for podcasts. Ryan Steelberg, president and co-founder, Veritone, explained:

"Every brand wants to reach its target audiences as efficiently and cost-effectively as possible. Our newest offering is game-changing for content publishers, producers, and advertisers as it delivers richer intelligence about what topics are discussed at specific times within an audio stream, allowing insertion of more targeted ads while also providing advertisers with a more efficient way to ensure brand safety. In addition to the benefits of this new capability to content creators, distributors, and advertisers, consumers also benefit, as they get served ads that are relevant to the topics they are interested in."

Global AI in Aviation Market to Grow by $756.71 Million from 2018-2022

A report from Technavio finds that the global AI in Aviation market will grow by $756.71 million from 2018-2022 with a compound annual growth rate (CAGR) of nearly 38 percent in the forecast period. An excerpt from the report snapshot outlines the market growth:

The application of big data is driving the global artificial intelligence in the aviation market. Big data is extensively used in the aviation industry because it helps in enabling the cost-efficient design of products. It also helps to ensure the implementation of efficient business decisions and internal operations. Moreover, big data analysis helps in achieving high efficiency during flight by adjusting the fuel consumption rate for a flying condition while reducing turbulence for a flight path with the help of multiple flight parameters that are recorded and transmitted during the flight. All these factors increase the demand for artificial intelligence in the aviation industry. AI helps in better management of big data analysis by stimulating the human cognitive processes with the help of machines through learning, reasoning, and self-correction programs incorporated as their sub-routine.

The emergence of smart airport is positively impacting the global artificial intelligence in the aviation market. Many countries increasingly adopt smart airports to manage the complex ecosystem of aviation operations and to create an infrastructure, where multiple stakeholders can share information quickly and seamlessly. Thus, the application of big data coupled with the emergence of [the] smart airport is driving the artificial intelligence in aviation market growth at a CAGR of close to 38% during the forecast period.

Sam Mowers,

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