VERSES Provides Q3 2024 Corporate Update
VERSES AI Inc. announced a corporate update highlighting its innovative cognitive computing solutions and the rollout of its “Genius” software. CEO Gabriel René emphasized the company’s strategic funding and collaboration with Analog on a smart cities project focused on optimizing taxi operations in Abu Dhabi, projected to generate about $3 million. Key leadership changes were […]
Verses AI Inc. Announces Closing First Tranche of LIFE
Verses AI Inc. has completed the first tranche of a non-brokered private placement, raising C$5,000,000 by issuing 6,250,000 units at C$0.80 each. Each unit comprises one Class A Subordinate Voting share and half a warrant, exercisable at $1.20 for 36 months. The offering utilized exemptions from prospectus requirements and is open in several Canadian provinces […]
Verses AI Inc. Announces LIFE Private Placement Offering up
Verses AI Inc. has announced a non-brokered private placement offering of up to 12.5 million units at $0.80 each, aiming for gross proceeds of up to $10 million. Each unit includes one Class A share and one-half warrant, exercisable at $1.20 for three years. The offering leverages a listed issuer financing exemption and will be […]
VERSES and Analog Announce Smart City Initiative in Abu
VERSES AI Inc. and Analog have launched a smart city project in Abu Dhabi to simulate and optimize taxi fleet management using VERSES’ Genius™ platform. The project aims to enhance fleet operations, boost taxi availability during peak times, allocate tasks effectively, and ensure timely maintenance, ultimately reducing congestion and emissions. CEOs Gabriel René and Alex […]
VERSES AI Inc. Announces 2024 AGSM Results
VERSES AI Inc. held its Annual General and Special Meeting in Vancouver on September 13, 2024, where all resolutions were approved. The number of directors was fixed at four, all nominees were elected, and Smythe LLP was reappointed as auditor. Michael Blum was also reappointed to the board, which now includes Gabriel Rene, Dan Mapes, […]
VERSES Appoints Michael Blum as New Chair of The Board of
Jay Samit is stepping down as Chairman of VERSES AI Inc. to become Head of Global Partnerships, focusing on launching the company’s flagship product, Genius. Michael Blum has been appointed as the new Chairman. Samit aims to leverage his extensive experience and relationships to drive the product’s market deployment, aided by recent strategic investments and […]
VERSES to Present Research at the 5th International
VERSES AI Inc., a cognitive computing company, announces its participation as the lead sponsor at IWAI, the largest conference on Active Inference, from September 9-11 in Oxford, UK. Led by Chief Scientist Professor Karl Friston, VERSES will showcase 12 scientific papers focused on advancing Active Inference’s capabilities, including applications in emotional intelligence and ethical development. […]
VERSES Completes First Phase of Digital Twins
VERSES AI Inc. announced successful completion of a research collaboration with NASA’s Jet Propulsion Laboratory (JPL) to demonstrate interoperability between Digital Twin (DT) systems for lunar exploration. This effort, part of VERSES’s GENIUS™ beta program, is crucial for managing lunar system health remotely. The collaboration showcased real-time joint testing across platforms, addressing interoperability challenges essential […]
VERSES Announces NRI Transitions to GENIUS™
VERSES AI Inc. has announced that NRI USA, LLC will transition to the GENIUS Beta program, moving away from their previous SaaS contract. Gabriel René, CEO of VERSES, highlighted NRI’s early adoption and the evolution of their offerings to encompass a more comprehensive platform. NRI’s CEO, Pete McKenna, expressed excitement about leveraging GENIUS’s reasoning capabilities […]
VERSES Publishes Pioneering Research Demonstrating More
VERSES AI Inc. has published a paper introducing Renormalizing Generative Models (RGMs), led by Chief Scientist Dr. Karl Friston. RGMs offer an efficient alternative to traditional AI methods, addressing issues like versatility, efficiency, and accuracy through a physics-based approach known as active inference. This framework enables intelligent systems to learn and make complex decisions with […]