The AI Eye Podcast: Watching AI Breaking Stock News (NasdaqGM: VERI) (ASX: BRN)

The AI Eye Podcast: Watching AI Breaking Stock News (NasdaqGM: VERI) (ASX: BRN)

Episode Transcript

(00:00):
Welcome to today's edition of the AIIwatching stock News, Deal Tracker and Advancements
and Artificial Intelligence. Hello everyone,this is Sam Mowers here. Welcome to
the latest episode of the AII podcastfor stock News. Today, Veritone has
been selected as the ad sales andAI partner for spoken Layer, and brain

(00:24):
Chip has received its first shipment ofits new chips. Then we're going to
take a look at some projections forthe global market for edge AI. Just
before we get into the show,though, a quick reminder that if you
enjoy this podcast to please feel freeto share it or leave us a review,
and as always, I recommend checkingout some of the other podcasts on

(00:45):
Investidas dot com. This includes theCannabis Podcast, the Clean Tech and Climate
Change Podcast, along with many others, all of which will bring you up
to speed on the latest stock newsand trends in their respective spaces. All
right, so Veritone, Inc.Which trades on the NASDAC under the ticker

(01:06):
vari, has announced that its subsidiarytable Rock Management LLC, has entered into
an exclusive advertising direct sales monetization agreementwith Spoken Layer. Described as a full
service creative studio specializing in custom shortform digital audio content, for the media

(01:27):
and entertainment industries. This will seeVeritone act as the AI partner and exclusive
direct AD seller for Spoken Layer.According to the press release, Will Mayo,
the founder of Spoken Layer, said, by entrusting our AD sales to
Veritone, we can focus more ondoing what we do best, crafting extraordinary

(01:49):
short form audio content with veritones bestin class sales prowess. Our inventory is
in expert hands for monetization, andwe're poised to elevate our publisher's experience while
unlocking new dimensions of ad monetization anddelivering unmatched engagement to our audiences. End
quote. Moving along a brain ChipHoldings Limited, which trades on the ASX

(02:16):
under the ticker br N, hasreceived its first shipment of AKD fifteen hundred
chips in silicone from Global Foundries toadvance the company's IP into the next phase
of development. Sean heyher Brain ChipsCEO, said, quote, this is

(02:37):
the latest milestone in brain chips continuedfocus on execution to simplify the integration and
proliferation of neuromorphic technology for SCALINGAIOT.The AKD fifteen hundred in the Global Foundries
process demonstrates the synergy of our digitalIP with the low lea cadge twenty two

(03:00):
nanometer FDx process for compelling edge AIdevices, and we look forward to more
partners integrating a key to IP intotheir innovative AI applications. End quote.
We're gonna pivot away from stock newshere and take a look at a report
published by Maximized Market Research which findsthat the global market for edge AI is

(03:25):
projected to grow from fourteen point onefour billion USD in twenty twenty two to
fifty four point three eight billion dollarsby twenty twenty nine, registering a compound
annual growth rate of twenty point onepercent in the forecast period. The following
excerpt from the report's summary outlines themarket and some of its key drivers.

(03:49):
Quote. The concept of EDGEAI,which represents the implementation of AI algorithms and
models on local devices as opposed torelying on cloud based processing, is garnered
considerable momentum in the marketplace. Theaforementioned methodology facilitates instantaneous processing and analysis of

(04:10):
data on edge devices, including butnot limited to, smartphones, edge servers,
and IoT devices. The growth ofthe edge AI market can be attributed
to several factors. Firstly, EDGEAIaddresses the need for reduced latency and real
time decision making. By processing datalocally, edge devices can make quick and

(04:32):
informed decisions, making it valuable inapplications like autonomous vehicles, industrial automation,
and robotics. End quote and that'sit for today's AII. If you would
like to be a guest or sponsorfor this podcast, contact Investor Ideas dot
Com. Investor Ideas reminds all listenersto read our disclaimers and disclosures on the

(04:55):
Investor Ideas dot com website, andthis podcast is not an endorsement buy products
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Ideas dot com, slash audio anda reminder. You can also hear our
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(05:20):
dot Com, iHeartRadio, and mostaudio platforms available. This podcast was
sponsored by Apptech Payments Corp. Apptechis an innovative fintech company who's mission is
to deliver a better way for businessesto provide their customers with immersive commerce experiences,