Veritone announces support for AWS for Media & Entertainment Initiative
DENVER – (BUSINESS WIRE) –Veritone, Inc. (Nasdaq: VERI), the creator of the world’s first operating system for artificial intelligence, aiWARE ™, announced the support of AWS for Media and Entertainment Amazon Web Services (AWS) initiative to simplify the way content owners organize, share, and monetize their media.
AWS for Media & Entertainment is an initiative offering new and existing services and solutions from AWS and AWS Partners, specifically designed for content creators, rights holders, producers, broadcasters and distributors. AWS adds the newly announced Amazon Nimble Studio, a service that allows clients to set up creative studios in hours, rather than weeks, to a portfolio of media and entertainment industry services more purpose-built than any other cloud. AWS for Media & Entertainment also simplifies the process of creating, deploying, and reinventing critical industrial workloads by aligning the capabilities of AWS and AWS partners across five solution areas: Content Production; Supply chain and media archives; Disseminate; Direct-to-Consumer & Streaming; and Data Science & Analytics for Media.
Content owners and creators need new features to quickly find, share, and use their vast content. Veritone’s AI-powered Digital Media Hub solution, combined with the power of the underlying AWS infrastructure, leverages cutting-edge technology to securely and more efficiently facilitate distribution, archiving and storage, as well as the licensing and monetization, of their content securely in the cloud. Veritone digital media hub is an AI-powered, cloud-native media management platform hosted on AWS specifically designed for content owners in sports, film, TV, news and media businesses. The platform, which is powered by Veritone’s proprietary aiWARE operating system, has helped content creators from Carson Entertainment Group (CEG) to the San Francisco Giants capture untapped revenue by providing powerful automation tools, curation and activation designed to monetize media, including videos, audio, images and documents.
Across all Veritone platforms, AWS cloud storage and compute services correlate 16 million unstructured data objects per month, process 1 million hours of audio and TV content per month, and run 2 , 5 million AI cognition tasks, including transcription, translation and facial recognition, per day. Amazon Simple Storage Service (Amazon S3) enables Veritone Digital Media Hub customers to store and access 9 petabytes of data – that’s over 10 million assets – securely and affordably using different tiers Amazon S3 storage.
With Amazon S3, Veritone Digital Media Hub customers can store and retrieve any amount of data from anywhere, providing a permanent archive for all content, broadcast quality video and high resolution images. high fidelity audio and ancillary documents. Once customer content is ingested, Veritone Digital Media Hub leverages aiWARE to automate media processing orchestration through Amazon Transcribe to automatically convert speech to text, and Amazon Translate for smooth and precise machine translation. Amazon Rekognition, which makes it easy to add image and video analytics to your applications using proven, highly scalable deep learning technology that does not require machine learning expertise, is used for recognition of faces of objects and celebrities within the Digital Media Hub platform.
“Our collaboration with AWS strengthens our ability to help media and entertainment companies solve some of the biggest challenges they face by digitally transforming the way they manage and ultimately monetize their content,” said Ryan Steelberg, president of Veritone. “By combining the power of AWS with our Artificial Intelligence-enabled Digital Media Hub, we ensure that businesses’ valuable media assets are secure in the cloud, accessible anywhere, and just a few taps away for distribution and monetization. ”
Veritone’s support for the AWS for Media & Entertainment initiative will drive content owners and creators to new levels of success by harnessing the full revenue potential of their media. By providing the necessary automation, curation and activation tools, media companies will be able to use the collective power of Veritone and AWS to take their content assets and begin to discover new ways to package, market and expand the value they generate in the future. .
“The Veritone Digital Media Hub is a great asset for Carson Entertainment Group,” concludes Jonathan Sotzing, Director of Sales and Marketing for Carson Entertainment Group. “Our library is priceless and remains in high demand. Coupled with the power of AWS, the Veritone Digital Media Hub helps us manage this asset better than ever, by making it available for more projects and, in doing so, preserving and promoting one of the most beloved shows of American television. ”
“Veritone aiWARE enables content owners to easily apply artificial intelligence to automate content ingestion of unstructured data, enrich metadata and analyze content,” said Eric Iverson, chief M&E technician at AWS. “By creating actionable business intelligence, content owners are more easily able to increase the value of their media.”
More information on Veritone’s artificial intelligence products and services can be found at www.veritone.com.
Veritone (Nasdaq: VERI) is a leading provider of artificial intelligence (AI) technologies and solutions. The company’s proprietary operating system, aiWARE ™, powers a diverse set of AI applications and intelligent process automation solutions that are transforming business and government organizations. aiWARE orchestrates an expanding ecosystem of machine learning models to transform audio, video, and other data sources into actionable intelligence. The company’s AI development tools make it easy for its customers and partners to develop and deploy custom applications that leverage the power of AI to dramatically improve operational efficiency and unlock untapped opportunities. Veritone is headquartered in Denver, Colorado and has offices in Costa Mesa, London and San Diego. To learn more, visit www.veritone.com.
Safe Harbor Declaration
This press release contains forward-looking statements, including, without limitation, statements regarding the Company’s Digital Media Hub and its support for the AWS for Media & Entertainment initiative, including its functionality and expected benefits for the users. Without limiting the generality of the foregoing, words such as “may”, “will”, “expect”, “believe”, “anticipate”, “intend”, “could”, “estimate” or “continue” or negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, all statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. The assumptions relating to the foregoing involve judgments and risks regarding various matters which are difficult or impossible to predict with precision, and many of which are beyond Veritone’s control. Some of these judgments and risks are discussed in documents filed by Veritone with the SEC. Although Veritone believes the assumptions underlying the forward-looking statements to be reasonable, all assumptions could prove to be incorrect and, therefore, there can be no assurance that the results contemplated in the forward-looking statements will be achieved. In light of the significant uncertainties inherent in the forward-looking information included in this document, the inclusion of such information should not be construed as a representation by Veritone or any other person that their objectives or plans will be achieved. Veritone assumes no obligation to revise any forward-looking statements contained herein to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unforeseen events.