Artificial intelligence (AI) will be one of the biggest stories of the decade. Growing fast, Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. Plus, consider this. MIT Technology Review said, “Artificial intelligence is changing the world and doing it at breakneck speed. The experts go on to predict a 50 percent chance that AI will be better than humans at more or less everything in about 45 years.” That alone is a significant catalyst for companies, such as VERSES Technologies Inc. (NEO: VERS) (OTCQX: VRSSF), Nvidia Corp. (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), and C3.ai (NYSE: AI).
Look at VERSES Technologies Inc. (NEO: VERS) (OTCQX: VRSSF), For Example
VERSES Technologies, a cognitive computing company specializing in the next generation of Artificial Intelligence (AI) systems and the developer of KOSMOS™, a network operating system enabling distributed intelligence, is pleased to announce a name change to VERSES AI Inc. effective March 31st, 2023, subject to final acceptance of the Neo Exchange Inc. The name change confirms the Company’s focus and more clearly communicates its intent to the market.
“VERSES was founded on the premise that AI would be the driving force in the Web 3.0 era. It’s why we have assembled an executive team with decades of deep tech and AI and Robotics expertise in solving problems for Fortune 500, Global 1000, and government entities,” said Gabriel René, Chief Executive Officer of VERSES.
In 2022 the Company attracted its Chief Scientist, Dr. Karl Friston, who pioneered the free energy principle and invented the mathematics behind the fMRI scan and is the most highly cited researcher in the field of neuroscience with over 290,000 academic citations.
“With recent breakthroughs in our product development due in large part to our AI research team’s work in 2022, we have been able to accelerate our go-to-market timeline. KOSMOS and our new Intelligent Agent pipeline for AI will allow us to meet the demand we’re receiving from individuals, developers, and enterprise customers who want an easier and faster way to extract actionable intelligence from their data,” said Gabriel René.
An executive summary of a recent white paper published by Dr. Friston and the VERSES team outlining the company’s next-generation approach to developing AI entitled “Designing Ecosystems of Intelligence from First Principles” is available on the Company’s website.
KOSMOS is planned for launch in Q3, enabling VERSES to bolster its first-mover advantage as key infrastructure for the next generation of intelligent applications. The Company recently announced its intention to launch its first consumer-facing AI agent codenamed “GIA”, short for General Intelligent Agent, a virtual personal assistant later this year. GIA is set to be the Company’s first AI tool based on Dr. Friston’s novel approach to AI.
For more information, visit VERSES at https://www.verses.ai
Other related developments from around the markets include:
Nvidia Corp. and Microsoft announced the companies have agreed to a 10-year partnership to bring Xbox PC games to the NVIDIA® GeForce NOW™ cloud gaming service, which has more than 25 million members in over 100 countries. The agreement will enable gamers to stream Xbox PC titles from GeForce NOW to PCs, macOS, Chromebooks, smartphones and other devices. It will also enable Activision Blizzard PC titles, such as Call of Duty, to be streamed on GeForce NOW after Microsoft's acquisition of Activision closes. "Xbox remains committed to giving people more choice and finding ways to expand how people play," said Microsoft Gaming CEO Phil Spencer. "This partnership will help grow NVIDIA's catalog of titles to include games like Call of Duty, while giving developers more ways to offer streaming games. We are excited to offer gamers more ways to play the games they love."
Microsoft and Adobe have taken the next step in their commitment to transform the future of digital work and life by bringing Adobe Acrobat’s PDF capabilities to more than 1.4 billion Microsoft Windows users in Microsoft Edge. Together, the two companies are updating the PDF experience and value users have come to expect in Microsoft Edge by powering the built-in PDF reader with the Adobe Acrobat PDF engine. This will give users a unique PDF experience that includes higher fidelity for more accurate colors and graphics, improved performance, strong security for PDF handling and greater accessibility—including better text selection and read-aloud narration. These capabilities will continue to be free of cost.
Apple announced financial results for its fiscal 2023 first quarter ended December 31, 2022. The Company posted quarterly revenue of $117.2 billion, down 5 percent year over year, and quarterly earnings per diluted share of $1.88. "As we all continue to navigate a challenging environment, we are proud to have our best lineup of products and services ever, and as always, we remain focused on the long term and are leading with our values in everything we do," said Tim Cook, Apple’s CEO. "During the December quarter, we achieved a major milestone and are excited to report that we now have more than 2 billion active devices as part of our growing installed base."
C3.ai announced financial results for its fiscal third quarter ended January 31, 2023. “As we enter Q4 FY 23, we are seeing tailwinds from improved business optimism and increased interest in applying C3 AI solutions to address an increasing range of applications across a broad range of industries,” said Thomas M. Siebel, C3 AI CEO. “The overall business sentiment appears to be improving. This is a dramatic change from what we experienced in mid 2022. In the course of the third quarter we validated our transition to a consumption-based pricing model, expanded our partner ecosystem, expanded our business pipeline, and delivered industry leading product innovation in enterprise AI. We remain on track to become cash positive and non-GAAP profitable by the end of FY 24. The results speak for themselves.”
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for VERSES Technologies Inc. by VERSES Technologies Inc. We own ZERO shares of VERSES Technologies Inc. Please click here for full disclaimer.
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