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Monaco Government ‘Favored' Prince's Nephews, Official Testified
Monaco Government ‘Favored' Prince's Nephews, Official Testified

Bloomberg

time19-07-2025

  • Business
  • Bloomberg

Monaco Government ‘Favored' Prince's Nephews, Official Testified

By and Gaspard Sebag Save For the past five years, a criminal inquiry in Monaco has quietly sought to answer a delicate question: Did the government of Prince Albert II improperly award a state contract to the ruler's two nephews? As Bloomberg Businessweek reported last year, the probe has uncovered evidence that a government official opened a back channel with the nephews' helicopter company, Monacair, giving it precise details about what it needed to do in order to win the rights to an important route, while a top palace official worked on their behalf before and after the contract was signed.

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

Yahoo

time12-07-2025

  • Business
  • Yahoo

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. While we acknowledge the potential of VERI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Materials Stocks to Buy According to Analysts and 10 Best Defensive Stocks to Buy in a Volatile Market. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio

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