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AI Eye Podcast #497: Veritone (NasdaqGS: $VERI) Announces Public Launch of Automate Studio and Datametrex Releases Nexalogy's SMART

 

Point Roberts, WA and Vancouver, BC - December 16, 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 Podcast #497: Veritone (NasdaqGS: $VERI) Announces Public Launch of Automate Studio and Datametrex Releases Nexalogy's SMART

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

Stocks discussed: (NasdaqGS:VERI) (TSXV:DM)

Veritone, Inc. (NasdaqGS:VERI) has announced the public launch of Veritone Automate Studio, described in the press release as "a low-code, web-based workflow designer tightly integrated with aiWARE," - the company's operating system for artificial intelligence - that "helps organizations embarking on intelligent process automation (IPA) and hyperautomation initiatives to rapidly deploy AI-powered workflows without heavy coding and AI expertise, and integrate resulting content insights into legacy applications and business processes at scale." Chad Steelberg, CEO of Veritone, said:

"We believe that this product's potential to enable, accelerate and scale business transformation and pave the way for organizations to achieve hyperautomation is limitless and will provide organizations with a competitive edge as they rapidly gain insight into their video, image, audio and text content. In our pursuit to enable every organization and every person with the power of AI, we are excited to see what the combination of Automate Studio and aiWARE can do in driving the industry forward."

Datametrex AI Limited (TSXV:DM) has announced the release of its advanced proprietary AI technology, Nexalogy SMART (Social Media Automated Reporting Technology). According to the press release, "SMART integrates larger sets of data into smaller, more manageable reports, thus significantly reducing the number of resource hours required to identify insights." Marshall Gunter, CEO of Datametrex AI Limited, commented:

"Our AI helps you unlock the power of discovery, converting unknown unknowns into known knowns, activating the hidden potential currently lost in big data. With social media and unstructured text being a key facet of how businesses and consumers connect during the pandemic, we feel SMART is uniquely positioned to assist clients in unlocking potential in current verticals and exploring the potential of new verticals; for security, we help you discover unknown problems so you can squash them before they become big problems. For growth, we help you discover and unlock hidden potential."

Global AI Market to Reach $312.4 Billion by 2027

Research published by ReportLinker finds that the global AI market will reach $312.4 billion by 2027 with a compound annual growth rate (CAGR) of 32.7 percent in the forecast period 2020-2027. An excerpt from the report summary outlines the utility of AI in addressing COVID-19, and its impact on the market:

Use of AI in myriad fields has skyrocketed during the pandemic, with the unpreceded crisis driving desperate search for new tools to manage and survive the pandemic. AI is being used for early detection, diagnosis of the infection; development of drugs, vaccines; and for reducing workload of healthcare workers. Artificial intelligence (AI) has emerged as a powerful tool in the war against COVID-19.

Sam Mowers, Investorideas.com

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