Which stock has risen most sharply in the US stock market in the last month? VERI, an artificial intelligence concept stock that has been on the market for less than a year, is definitely one of them. Based on the closing price of $7.76 on Aug. 18 and $46.2 on Sept. 19, VERI has risen 5.96 times in a little more than a month.

It is worth noting that even after the recent boom, VERI's current market capitalization is less than $700m.

Big data Company based on artificial Intelligence

According to VERI's prospectus, Veritone has developed a proprietary AI platform to unlock cognitive computing capabilities, and the company's cloud-based artificial intelligence operating system aiOS integrates proprietary technologies to manage and integrate a variety of artificial intelligence processes to mimic human cognitive functions, such as perception, reasoning, prediction and problem solving, in order to quickly, effectively and economically convert unstructured data into structured data. It stores results in searchable time-related databases and creates rich online searchable indexes of audio, video and structured data, enabling users to analyze information in close range in real time and discover valuable multivariables from a large number of media. to drive business decisions and insights.

Two co-founders, who have a long history with Alphabet Inc-CL C, have founded several well-known media companies

Since Alphabet Inc-CL C's "AlphaGo" go software based on artificial intelligence technology completely beat Lee Shishi, artificial intelligence has become one of the hottest topics in public opinion and capital market. Alphabet Inc-CL C has also become the world's top representative of artificial intelligence technology. Both of the co-founders of Veritone held important positions at Alphabet Inc-CL C. Both founders are pioneers in the digital advertising market and have founded several well-known media companies, including AdForce (acquired by CMGi), 2CAN Media (acquired by CMGi) and dMarc Broadcasting (acquired by Alphabet Inc-CL C), Brand Affinity Technologies.

Important customers include UBERInternet giants such as Microsoft Corp

In 2016, Veritone helped advertisers deliver more than $75 million in media ads, including Uber, 1,800 flowers.com, online beauty retailer Dollar Shave Club, sports game company DraftKings, Amazon.Com Inc Audible, Casper Sleep and Tommy John.

The demand for data analysis is increasing, and the future of the industry is bright.

According to Gartner, 80% of the world's data is unstructured and cannot be easily and effectively searched, accessed or used. Unstructured data continues to grow at an accelerating rate, representing the vast majority of all data, and 90% of the world's data has been created in the past two years.

According to IDC, the total amount of digital data created worldwide will double within two years, from 4.4 megabits in 2013 to 44 gigabytes in 2020. At present, most enterprises and governments around the world are aware of the important role of big data trend and data in the future, and are actively turning to artificial intelligence to improve its ability and efficiency. However, these institutions often lack the appropriate tools to collect and analyze the rapidly growing type, speed and quantity of data in real time.

Global revenue from the cognitive systems and artificial intelligence markets is expected to grow from about $8 billion in 2016 to more than $47 billion by 2020, according to IDC.