**Veritone Sees Share Surge Following Cloud Deployments**
Veritone (NASDAQ: VERI) shares rose 8% week-to-date as of early Friday, following significant deployments of its aiWARE platform on self-hosted Amazon Web Services (AWS) and Microsoft Azure. The announcement was made on Tuesday, marking a pivotal milestone for the artificial intelligence analytics company.
CEO Ryan Steelberg emphasized the importance of this deployment model, allowing public-sector entities such as defense and law enforcement to maintain control over their data while leveraging AI’s scalability and flexibility. Despite this positive development, concerns remain regarding Veritone’s ongoing net losses as it aims to enhance its reputation in a high-growth environment.
