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AI-based media stock adds facial recognition feature

 Trevor Abes Trevor Abes , The Market Online
0 Comments| July 19, 2023

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  • MediaValet (TSX:MVP), a media management stock, has added AI-based facial recognition to its repertoire
  • The feature automatically detects and tags individuals within images using Microsoft’s advanced AI model
  • MediaValet specializes in cloud-native, software-as-a-service, enterprise digital asset management, video content management and creative operations
  • The MediaValet stock (TSX:MVP) opened unchanged trading at $1.40 per share

MediaValet (TSX:MVP), a media management stock, has added artificial intelligence-based facial recognition to its repertoire.

The feature automatically detects and tags individuals within images using Microsoft’s advanced AI model, which allows for a streamlined search process and enhanced access controls and usage rights.

New and existing customers can sign up for the feature as an annual subscription add-on module.

MediaValet has released a full suite of AI features over the past five years.

“We’ve invested heavily in building an industry-leading AI suite that drives immense value for our customers,” Rob Chase, president and CEO, said in a statement. “We’re thrilled to launch our latest AI offering, Face Recognition, to help our customers further unlock additional efficiency gains with their digital asset management (DAM). With a full suite of AI capabilities at their fingertips – including face recognition; object, color and text recognition; video transcription and translation; and time-stamped video tags – our customers can use MediaValet to accomplish their best work yet.

“Customers are also able to leverage our AI suite to curate asset collections and share them with Gen-AI tools in a secure and rights-protected manner to unlock further efficiency gains in their creative process – a feature that, like Face Recognition, we expect to integrate natively into our DAM in the future as we continue to develop our AI suite of services.”

MediaValet specializes in cloud-native, software-as-a-service, enterprise digital asset management, video content management and creative operations. Its software, built exclusively on Microsoft Azure, is available in 140 countries around the world.

The AI stock (TSX:MVP) opened unchanged, trading at $1.40 per share.

Join the discussion: Find out what everybody’s saying about this stock on the MediaValet stock forum discussion, and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.




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