Sonic Foundry's Vidable Announces Plans For New Offering Of Events-Focused AI Solutions; Shares Move Higher
Portfolio Pulse from Benzinga Newsdesk
Sonic Foundry's Vidable business plans to partner with its Video Solutions business to develop AI-powered analytics and transformation solutions for the events market. This follows a partnership with CTI Meeting Technology and discussions at MPI WEC23, validating the market opportunity for events-oriented video AI.
June 15, 2023 | 12:21 pm
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Sonic Foundry's Vidable business is partnering with its Video Solutions business to develop AI solutions for the events market, following a partnership with CTI Meeting Technology and discussions at MPI WEC23.
The partnership between Sonic Foundry's Vidable and Video Solutions businesses to develop AI solutions for the events market is a positive development for the company. The recent partnership with CTI Meeting Technology and discussions at MPI WEC23 validate the market opportunity for events-oriented video AI, which could lead to increased demand for Sonic Foundry's products and services. This is likely to have a positive impact on the company's stock price in the short term.
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