Veritone Awarded US Patent for Dynamic AI Model Orchestration

June 17, 2021 at 11:11 AM EDT

Deep Neural Network Technology Identifies and Orchestrates the Most Optimal AI Models for a Data Set, Accelerating AI Projects, Boosting Performance, and Driving Greater AI Adoption

Veritone, Inc. (Nasdaq: VERI), the creator of the world’s first operating system for artificial intelligence, aiWARE™, today announced it has received a new US patent for its Conductor technology that performs dynamic AI model orchestration through the use of a proprietary deep neural network (DNN). Veritone has a large funnel of pending patents and Patent No. US 11,017,780 is Veritone’s 14^th US awarded patent.

Veritone’s aiWARE-based Conductor technology uses the power of its DNN to dynamically analyze data sets and apply the most optimal AI models available to that data set. The patented functionality goes beyond just efficient model selection. The DNN uniquely looks at multiple data set features across vision, speech, text, and data sources and orchestrates a portfolio of AI models to yield the most optimal results and can efficiently combine multiple results from the models to provide the best result possible.

“A little more than a decade ago, there was only a handful of enterprise-class AI engines, but today the variety of AI engines in the market is enormous,” said Chad Steelberg, co-founder and chief executive officer of Veritone. “The aiWARE operating system with its hundreds of ready-to-deploy AI models simplifies model deployment and scaling, and the addition of Conductor further accelerates the Veritone mission to democratize AI, speeding project deployment while boosting model performance and reducing compute cost.”

The Conductor technology functions by first ingesting the data and extracting key features of that data, then reviewing the features of interest and applying previous learning to select the most accurate AI model to use on that data set from all available models in the aiWARE operating system. Model output is then evaluated and compared to an acceptance threshold. If the results are below that threshold, the learning algorithm is retrained and the process repeats until Conductor selects the most optimal model.

Veritone’s Conductor can apply optimal model selection across multiple cognitive categories within a single data set, orchestrating the models to produce the most optimal output and form a complete picture of the data. For example, telemedicine video footage can be analyzed by running face and object recognition, then transcribing and translating the voice tracks of each video. Here, Conductor applies a trained facial recognition engine that recognizes the patient’s face to locate the patient’s records. Conductor detects medical language spoken by the doctor in the video transcription and knows to use a specialized medical transcription engine. Conductor then detects the Spanish language in the transcription and calls an aiWARE Spanish-to-English translation engine to obtain an English transcript of the video conversation.

“Siloed single-engine AI solutions will not age well as new faster, cheaper, and more accurate engines come on the market. Many companies will see their ‘modern’ AI solutions become antiquated and costly to use,” said Al Brown, Veritone Chief Technology Officer. “aiWARE’s Conductor technology takes the guesswork out of selecting the right engines for the job with its dynamic learning and application of AI models to unique data sets.”

Veritone customers like Bloomberg, the San Francisco Giants and Westwood One have been leveraging the power of aiWARE for years to transform audio, video, text, and other data sources into actionable intelligence, at scale. With hundreds of engines to choose from, aiWARE enables existing AI-enabled applications to leverage new engines that become available to better match the needs of the business, without disruption. Much like the huge leaps forward experienced in computer hardware in the 1990s--with the increase in speed and decrease in the cost of memory and CPUs--applications simply ran better and faster. By leveraging Conductor’s dynamic model orchestration, AI-enabled applications will continue to learn and evolve to meet the needs of the AI-powered enterprise.

About Veritone

Veritone (NASDAQ: VERI) is a leading provider of artificial intelligence (AI) technology and solutions. The company’s proprietary operating system, aiWARE™, powers a diverse set of AI applications and intelligent process automation solutions that are transforming both commercial 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 developer tools enable its customers and partners to easily 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 California and London. To learn more, visit Veritone.com.

Safe Harbor Statement

This news release contains forward-looking statements, including without limitation statements regarding Veritone's aiWARE operating system, its capabilities and the expected benefits to customers. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Assumptions relating to the foregoing involve judgments and risks with respect to various matters which are difficult or impossible to predict accurately and many of which are beyond the control of Veritone. Certain of such judgments and risks are discussed in Veritone’s SEC filings. Although Veritone believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by Veritone or any other person that their objectives or plans will be achieved. Veritone undertakes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210617005644/en/

Veritone's aiWARE OS with hundreds of ready-to-deploy AI models simplifies deployment and scaling, and Conductor accelerates the Veritone mission to democratize AI, speeding project deployment while boosting model performance and reducing compute cost.

Contacts

Company Contact:

Brian Alger, CFA

SVP, Corporate Development & Investor Relations

Veritone, Inc.

(949) 386-4318

investors@veritone.com

Investor Relations Contact:

Kirsten Chapman

LHA Investor Relations

(415) 433-3777

veri@lhai.com

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Veritone Awarded US Patent for Dynamic AI Model Orchestration

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