Veritone (VERI) Wins Air Force Contract for AI-Powered Investigative Solutions

Veritone, Inc. (NASDAQ:VERI) is one of the most popular AI penny stocks to buy according to billionaires. On June 25, the company won a sole-source contract from the Department of the Air Force to support the Air Force Office of Special Investigations (AFOSI). The contract, awarded on the day of announcement, spans one year with four additional option years.

The U.S. Air Force Office of Special Investigations (AFOSI) is using Veritone’s AI tools—aiWARE and iDEMS—to improve how it handles investigations and security tasks. These systems will help automate work, manage digital evidence faster, and track important data in real time. This will support the Department of Defense’s efforts to modernize law enforcement and strengthen national security, with AFOSI taking the lead in rolling out the technology.

Veritone, Inc. (NASDAQ:VERI), is an enterprise AI company. It develops and operates aiWARE, an AI operating system that transforms unstructured data into actionable intelligence. It serves sectors including media, public safety, and government.

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Disclosure: None. This article is originally published at Insider Monkey.