Veritone joins Genesis Mission Consortium to support U.S. Department of Energy AI initiatives

Industry
โดย Business Wire·Read original
Summary · why it matters

Veritone has officially joined the Genesis Mission Consortium to collaborate with the U.S. Department of Energy on its landmark Genesis Mission and other key AI and advanced computing initiatives. The Genesis Mission is a federal initiative designed to unify the nation's National Laboratories, supercomputers, and federal datasets into a single AI-powered research platform, and Veritone joins a consortium that includes Microsoft, Amazon Web Services, and Scale AI. The collaboration will explore leveraging Veritone's aiWARE enterprise AI platform to modernize the DOE's data infrastructure, with a key objective of securely transforming the agency's vast, fragmented, and unstructured data archives into governed, AI-ready assets within FedRAMP-certified and government cloud environments. Veritone's platform can support the mission through AI-ready data preparation, AI ecosystem deployment, and automated compliance and analysis. Veritone CEO and President Ryan Steelberg stated that the company is honored to contribute its expertise in data orchestration and sovereign AI to this historic initiative.

Impact on stocks 3

Artificial Intelligence · 3 stocks
Veritone Inc
VERI
▲ PositiveDemandrelevance

Veritone joins consortium to provide AI platform for DOE, potentially leading to new contracts and revenue.

Theme Impact 2

Off-coverage companies 1

Scale AI, Inc.Private± Mixed
relevance

Related news

Accenture and Anthropic Form AI Safety Partnership With $1B Each

Accenture and Anthropic have formed a new partnership to improve the safety of artificial intelligence, with each company pledging to invest at least $1B into the initiative over the next five years. Shares of Accenture jumped 6% during early post-market trading on Friday. The companies will deploy a team of embedded evaluators to work with Anthropic's internal teams and safety partners to evaluate and red-team models, conduct alignment assessments and test model safeguards. Accenture CEO Julie Sweet said safety requires both deep technical expertise and a clear understanding of how AI is used in the real world, calling embedded evaluation an emerging area. Accenture will lean on its recent acquisition of Faculty, a U.K.-based AI firm it completed buying in March, to help in the evaluations, according to Accenture Chief Technology Officer Marc Warner.
Seeking Alpha·8hRead more →

SpaceX Weighs Buying Data From Failed Startups to Feed AI

SpaceX has held internal discussions about buying customer, operational and other data from troubled or failed startups to feed its AI efforts, according to Bloomberg. The talks remain informal and may not result in any transactions. SpaceX has already used information from Elon Musk's social network X, along with internal AI tutors, to help train and improve its software, and reportedly paused hiring for those tutors earlier this year. The push comes as AI becomes a larger part of SpaceX's spending: the company invested $15.8 billion in AI-related capital expenditures during the second quarter, while its AI business generated $2.56 billion in revenue during the period but posted a $1.26 billion operating loss. Investors will be watching whether that spending can eventually turn the company's expanding AI operation into a profitable business.
GuruFocus·12hRead more →
2

Nokia Expands Microsoft Partnership for AI-Driven Network Automation

Nokia Corporation is expanding its partnership with Microsoft Corporation to build an agentic, unified data foundation aimed at helping telecom providers scale artificial intelligence-driven operations. Under the agreement, Nokia Data Suite integrates with Microsoft Fabric, combining telco-specific data products with unified analytics, governance and AI capabilities across cloud, hybrid and on-premises environments. The company is initially applying these capabilities to autonomous Voice over New Radio assurance, where AI agents detect network anomalies, analyze service issues and recommend corrective actions. Nokia faces competition from Ericsson, which expanded its Intelligent Automation Platform to support automation across radio and core networks, and from Cisco Systems, which is integrating AI agents into its networking portfolio. Nokia shares have soared 123.6% over the past year compared with the industry's 20.6% growth, and the stock trades at a forward price-to-sales ratio of 2.42 versus the industry tally of 4.93.
Zacks Investment Research·14hRead more →