Veritone Partners with Oracle for Multi-Year AI Expansion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy ORCL?
Source: Newsfilter
- Cloud Infrastructure Migration: Veritone has signed a multi-year agreement with Oracle to migrate its AI solutions to Oracle Cloud Infrastructure (OCI), enhancing the scalability, security, and performance of its aiWARE platform, thereby strengthening its competitive position in the AI market.
- Commercial Sector Expansion: Veritone plans to leverage OCI's low-latency networking and high-performance storage to enhance the performance of its Digital Media Hub (DMH) and content licensing services, enabling media partners like NCAA and ESPN to manage and monetize their archives more intelligently, thus driving revenue growth.
- Public Sector Support: Veritone will deploy its AI-powered Intelligent Digital Evidence Management System (iDEMS) on OCI to meet compliance requirements for U.S. government and public sector agencies, helping organizations modernize data and investigative workflows, thereby improving efficiency and security.
- Data Economy Development: Veritone will continue to expand its data services through Veritone Data Refinery (VDR) and Veritone Data Marketplace (VDM), utilizing OCI to accelerate and cost-effectively transform raw unstructured data into high-quality training datasets, further driving demand from AI developers.
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Analyst Views on ORCL
Wall Street analysts forecast ORCL stock price to rise
34 Analyst Rating
25 Buy
9 Hold
0 Sell
Moderate Buy
Current: 139.660
Low
180.00
Averages
309.59
High
400.00
Current: 139.660
Low
180.00
Averages
309.59
High
400.00
About ORCL
Oracle Corporation offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. The Company operates through three businesses: cloud and license, hardware and service. Its cloud and license business is engaged in the sale, marketing and delivery of its enterprise applications and infrastructure technologies through cloud and on-premise deployment models including its cloud services and license support offerings, and its cloud license and on-premise license offerings. Its hardware business provides infrastructure technologies including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware-related software to support diverse IT environments. Its services business provides services to customers and partners to help maximize the performance of their investments in Oracle applications and infrastructure technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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