Veritone Inc's CEO, Ryan Steelberg, acknowledges the rapid technological advancements in artificial intelligence, highlighting the gap between innovation and regulatory controls set by governments. He stresses the responsibility of companies, including Veritone, Amazon, and Microsoft, in ensuring that AI technologies are developed and deployed in a safe and transparent manner to benefit society and legitimate enterprises.
Steelberg discusses the challenges of navigating the evolving regulatory landscape for AI, noting the importance of companies being proactive in addressing concerns and risks associated with AI technologies. Veritone, founded in 2014, is known for its enterprise AI solutions and software, catering to a wide range of clients from the public and private sectors, including renowned organizations like ESPN, Sony Pictures, and federal agencies like the Department of Justice.
One of Veritone's distinguishing factors, as highlighted by Steelberg, is its cloud-agnostic approach, which allows flexibility in working across various platforms without favoring any specific cloud service provider. The company's AIWare platform, built over almost a decade, offers over 450 integrated cognitive models to support diverse AI-based workflows. Steelberg's emphasis on customer retention as a measure of product quality reflects the company's commitment to delivering effective AI solutions that meet the needs of its clients.
Looking ahead, Steelberg predicts a shift in AI investments towards application workflow-focused solutions rather than hardware suppliers, with a focus on enhancing existing products and services and upskilling individuals. He envisions a future where certain AI models may become commoditized, but specialized applications will continue to play a crucial role. Steelberg's insights shed light on the evolving landscape of AI development, regulatory challenges, and market trends shaping the industry.