Fri Sep 20 12:21:06 UTC 2024: ## Citizens Financial Group Invests in AI Company Veritone
**[City, State] – September 20, 2024** – Citizens Financial Group Inc. (RI) has taken a new position in shares of Veritone, Inc. (NASDAQ:VERI), according to the company’s recent 13F filing with the Securities and Exchange Commission. The fund acquired 27,242 shares of the artificial intelligence (AI) solutions provider, valued at approximately $62,000.
Veritone specializes in providing AI computing solutions and services, operating an AI platform called aiWARE. This platform uses machine learning algorithms to transform unstructured data into actionable insights, driving business processes and optimization.
This investment by Citizens Financial Group follows similar moves by other hedge funds. Mirae Asset Global Investments Co. Ltd. and State Board of Administration of Florida Retirement System both purchased new stakes in Veritone during the first quarter, while Ground Swell Capital LLC acquired a new position in the second quarter. Bfsg LLC increased its holdings in Veritone by 31.6% during the second quarter, and Summit Securities Group LLC also took a new position in the company.
Veritone shares opened at $3.86 on Friday, with a 12-month low of $1.48 and a 12-month high of $7.76. Institutional investors currently hold 39.18% of the company’s stock.
Veritone, Inc. operates in the United States, United Kingdom, France, Australia, Israel, and India. The company’s market cap is currently $146.99 million.
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