Core Insights - Expanding gross margins are a key indicator for assessing the growth potential of SoundHound AI, Inc. (SOUN) as it indicates improving underlying economics beyond just revenue growth [1][4] Financial Performance - In Q3 2025, SoundHound reported sequential improvements in both GAAP and non-GAAP gross margins, reflecting operational efficiencies and better economic conditions [1][11] - The company has reduced cloud and processing costs by integrating recent acquisitions and shifting to proprietary models, which has positively impacted gross margins [2][11] Operational Efficiency - The deeper integration of acquisitions has allowed SoundHound to move workloads from expensive third-party technologies to its own infrastructure, enhancing performance and reducing costs [2] - The rollout of the Polaris speech foundation model is crucial as it standardizes deployments on in-house technology, lowering per-query costs while accommodating higher usage volumes [3] Investment Strategy - Despite the positive margin trends, SoundHound continues to invest heavily in sales, R&D, and go-to-market initiatives, indicating that profitability is still a work in progress [4] - The current trajectory of gross margins suggests that the company may be nearing a turning point where growth does not compromise unit economics, potentially benefiting shareholders [4] Competitive Landscape - SoundHound's performance can be contextualized by comparing it with competitors like Cerence Inc. (CRNC) and Veritone Inc. (VERI), which have different strategic focuses within the AI and speech technology market [5][6][7] - Monitoring how these competitors manage growth and margins will help determine if SoundHound's improving economics signify a significant shift in its competitive positioning [8] Valuation Metrics - SoundHound's shares have decreased by 35.9% over the past six months, compared to a 16.6% decline in the industry [9] - The forward 12-month price-to-sales ratio for SOUN is currently 13.76, slightly above the industry's 13.51 [13] - The Zacks Consensus Estimate for SOUN's 2026 loss per share has remained stable at 6 cents, showing improvement from the previous year's estimated loss of 13 cents per share [15]

Table of Contents As filed with the Securities and Exchange Commission on February 17, 2026. Registration No. 333-293083 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Paloma Acquisition Corp I (Exact name of registrant as specified in its charter) Cayman Islands 6770 N/A (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Em ...

Group 1 - Veritone, Inc. is recognized as a promising AI penny stock, with its aiWARE platform and Data Refinery supporting the AI agent economy by processing unstructured audio and video data [1] - The aiWARE platform orchestrates multiple AI engines with policy-based controls, while the Data Refinery enriches raw content with rights and provenance information, serving industries such as media, entertainment, public sector, and talent acquisition [2] - Veritone's Data Refinery processed 22.2 trillion tokens in the second half of 2025, indicating a more than 3.5x increase in volume compared to the first half of the year, showcasing the platform's capability to convert unstructured data into AI-ready assets [3][4] Group 2 - The significant increase in data processing volume reflects a high adoption rate of the Veritone Data Refinery, with organizations using the platform to index and format large datasets for AI model training [4] - The market opportunity for data monetization is substantial, with research predicting the AI training dataset market to grow from approximately $7.48 billion in 2026 to over $52 billion in the next decade, driven by the demand for licensed and ethical data sources [5] - Veritone's platform aligns with the Department of War's AI-First strategy, which emphasizes the acceleration of AI adoption across operations, modular systems, and open architectures [6][7]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Paloma Acquisition Corp I (Exact name of registrant as specified in its charter) As filed with the Securities and Exchange Commission on January 30, 2026. Registration No. 333- Table of Contents 535 Fifth Avenue, 4 th Floor New York, New York 10017 Tel.: (929) 828-7221 (Address, including zip code, and telephone number, including area code, of registrant's principal execut ...

Core Insights - SoundHound AI's partnership renewal with Five Guys demonstrates the effectiveness of its voice AI platform in real-world applications, having processed over one million AI-driven customer interactions [1][9] - The renewal signifies the platform's reliability in complex environments, particularly in the restaurant sector, which is known for high order complexity and background noise [2] - This partnership supports SoundHound's strategy of expanding its offerings beyond restaurants into other industries, leveraging its success to enhance customer relationships and recurring revenue [3][4] Company Strategy - The Five Guys renewal highlights SoundHound's land-and-expand model, which is crucial for deepening customer relationships and increasing revenue per location [3] - SoundHound aims to build a neutral voice AI platform that allows enterprises to maintain brand control and customer data, aligning with the growing demand for automation that delivers measurable ROI [4] Competitive Landscape - In comparison to competitors like Nuance Communications and Veritone, SoundHound differentiates itself with a customizable voice platform that can be applied across various sectors, while Nuance focuses on sector-specific solutions [5][6] - SoundHound's real-time voice automation capabilities are particularly suited for live customer interactions, contrasting with Veritone's analytics-centric approach [6] Financial Performance - SoundHound shares have decreased by 5.9% over the past six months, while the Zacks Computers - IT Services industry has seen an 11.1% decline, indicating underperformance relative to the broader sector [7] - The Zacks Consensus Estimate for SoundHound's 2026 loss per share has widened to 6 cents from 5 cents, although this reflects an improvement from a year-ago estimated loss of 15 cents per share [11] - SoundHound's forward 12-month price-to-sales ratio is currently at 17.25, higher than the industry's 15.47 [13]

Core Insights - Veritone experienced a significant increase in its stock price, rising almost 42% in 2025, driven by investor interest in AI stocks and positive business developments [1] Group 1: Business Developments - Veritone operates in a lucrative niche within the AI sector, utilizing its aiWARE operating system to help users manage large volumes of data, including text, audio, and video [2] - Despite being habitually unprofitable, Veritone has attracted investor interest due to its growth potential [3] - The company announced a registered direct share offering of $10 million, which did not lead to massive sell-offs, partly due to CEO Ryan Steelberg purchasing $1 million of the equity [4] Group 2: Government Contracts - In July, Veritone's products received "Awardable" status from Platform One, a unit of the Department of Defense, indicating readiness for business with federal agencies [6] - Following this designation, Veritone secured a sole-source contract with the Air Force to supply aiWARE and its iDEMS platform, although the contract value was not disclosed [7] Group 3: Financial Performance - Veritone's third-quarter earnings report for 2025 showed a remarkable 200% year-over-year increase in non-legacy software revenue, contributing to an overall revenue growth of 32% to over $29 million [8]

Core Insights - SoundHound AI (SOUN) is launching Vision AI, a multimodal capability that integrates visual understanding with its conversational AI, enhancing in-vehicle assistants [1][10] - Vision AI aims to broaden SoundHound's use cases, moving beyond a standalone product to a strategic enhancement of its platform [1][4] Commercial Opportunity - Vision AI complements SoundHound's agentic framework, enabling higher-value interactions that transition from information retrieval to actions and transactions [2] - In the automotive sector, Vision AI supports navigation, safety, diagnostics, and location-based services, enhancing the relevance of in-car assistants and strengthening relationships with OEMs [2] Voice Commerce Strategy - Vision AI supports SoundHound's voice commerce strategy by allowing visual cues to trigger context-aware recommendations or purchases, promoting recurring revenue streams [3] Long-term Implications - While immediate revenue from Vision AI may be modest, its long-term implications are significant, enhancing platform stickiness and differentiating SoundHound from voice-only competitors [4] Competitive Landscape - Competitors in the multimodal AI space include Veritone (VERI) and C3.ai (AI), both of which have distinct commercial angles on vision-centric AI [5][8] - Veritone focuses on media, legal, and government sectors, while C3.ai offers a broad enterprise AI application suite, indicating diverse approaches to integrating visual and conversational intelligence [6][7] Price Performance and Valuation - SoundHound shares have decreased by 2% over the past six months, underperforming the Zacks Computers - IT Services industry, which declined by 7.7% [9] - The forward 12-month price-to-sales ratio for SOUN is 19.81, higher than the industry's 15.98, indicating a premium valuation [16]

Group 1 - Veritone Inc. and Armada have announced a partnership to create the first fully integrated Edge-to-Enterprise Data Fabric, aimed at enhancing data management for public-sector agencies and commercial content owners [1][2] - The collaboration combines Armada's Edge Platform with Veritone's aiWARE AI operating system, supporting the entire lifecycle of mission-critical data from capture to long-term discovery [2] - The initiative includes exploring edge-based processing for data tokenization, allowing organizations to convert audio and video inputs into AI-ready digital tokens, treating data as a renewable asset class [3] Group 2 - Veritone provides AI computing solutions and services across multiple countries, including the US, UK, France, Australia, Israel, and India [4]

Core Insights - Veritone is experiencing strong adoption of its technology in the public sector, closing 82 contracts across various government agencies, including 30 new agencies in Q3 [1][7] - The company signed 27 commercial agreements in Q3 2025, including partnerships with major organizations like ESPN and NCAA, aimed at monetizing their data archives [2] - Veritone's aiWARE platform is actively tokenizing unstructured data, positioning the company for significant growth potential, with a target price of $23 set by D. Boral Capital, indicating a potential upside of over 337% [3][16] Public Sector Adoption - The public sector pipeline for Veritone is valued at $218 million, nearly double from the same quarter last year, indicating strong demand for its solutions [7] - The company is deploying its technology for law enforcement, defense, and civil agencies, showcasing its versatility in various government applications [1] Commercial Agreements - In Q3 2025, Veritone expanded its relationships with major media organizations, helping them unlock value from their data [2] - The company is focusing on high-growth AI software products, which is driving its recent performance [13] Technology and Product Development - Veritone's Data Refinery (VDR) is converting raw data into high-quality datasets, which are essential for training advanced AI models [4][9] - The aiWARE platform tokenizes video and audio data, which is the fastest-growing segment of unstructured data, at an unprecedented scale [5] Financial Performance - In Q3, Veritone's revenue increased by 32% year-over-year to $29.1 million, while its non-GAAP net loss decreased by 48% to $5.8 million [12] - Management is guiding for revenue between $109 million and $115 million for fiscal 2025, with a focus on cost savings and high-growth products [13] Debt Management - Veritone plans to de-lever its balance sheet by paying off 100% of its term debt and 50% of its convertible debt, which will significantly reduce annual debt service costs [14] - Post-debt payoff, the company expects a cash balance of $34 million and a reduction in total debt from $123.1 million to $45 million [14] Market Valuation - Veritone shares currently trade at 4.5 times sales, reflecting historical debt concerns, but this may improve as the company reduces leverage and enhances financial flexibility [15] - The potential for improved valuation is linked to the scaling of the VDR business and the expansion of high-margin software revenues [16]

Core Viewpoint - Veritone, Inc. (NASDAQ: VERI) is highlighted as a strong investment opportunity in the agentic-AI sector, focusing on AI infrastructure and data tokenization [1]. Analyst Ratings - D. Boral Capital analyst Jason Kolbert maintained a Buy rating for VERI with a price target of $23.00 on December 2, 2025, reaffirming this stance on December 9, 2025, despite market fluctuations [1]. - Needham & Company analyst Joshua Reilly also reiterated a Buy rating with a price target of $10.00, emphasizing confidence in Veritone's strategy for unstructured-data management and AI licensing following the company's recent Virtual AI and Data Economy Forum [2]. Analyst Consensus - As of December 10, 2025, the overall analyst consensus for VERI leans towards "Buy" or "Moderate Buy," with an average 12-month price target ranging from $11.00 to $11.20, indicating a potential upside of nearly 100% from current levels [3]. Company Overview - Veritone, Inc. develops AI-powered software that transforms unstructured data, such as video, audio, and sensor outputs, into actionable intelligence through its aiWARE platform [4].