Veritone Brings Efficiency and Optimization to Smart Grids with Real-Time Predictive AI
Summary
“We are thrilled to be adding a new vertical to our growing customer bases in the Media & Entertainment and Government, Legal and Compliance markets,” said Chad Steelberg, Chairman and CEO of Veritone. “Every year, over $750 billion is invested in global electricity generation and distribution projects, giving Veritone Energy a significant opportunity to showcase how our cutting-edge, predictive AI technology can help the world reduce its dependence on fossil fuels.” Veritone has already begun to deploy its AI energy technologies with a leading U.S. utility and is in advanced talks with other potential private and public sector customers and partners. The company’s announcement comes as the increasing use of clean energy sources is creating enormous reliability and safety challenges for utilities due to the ageing U.S. electric grid, which still relies on human decision-making. “Our active device synchronization technology ensures safe and reliable operation of distributed energy resources with the grid on a constant basis, rather than relying on historical feedback loops that may not accurately reflect the present state. Veritone is helping to solve systemic and intractable problems in multiple sectors, including energy, media & entertainment, government, legal & compliance and public health & safety.
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