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Associated Press
30-04-2025
- Business
- Associated Press
VERSES® Announces Commercial Launch of Genius™
VANCOUVER, British Columbia, April 30, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) ('VERSES'' or the 'Company') a cognitive computing company specializing in next-generation intelligent software systems is pleased to announce that the Company has officially launched its flagship product Genius enabling Agentic Intelligence for Enterprise. The Company will offer Genius as a paid service with consumption-based and performance-based pricing as well as enterprise licenses. 'With today's milestone, the commercial launch of Genius, VERSES transitions from research-led to revenue-driven,' said Gabriel René, Founder and CEO of VERSES. 'We are delighted to launch Genius commercially today to our first customers and look forward to Genius rolling out to more users over the coming weeks. My thanks to our beta partners, including companies in financial services, healthcare, consulting and software development, who have given us such valuable feedback,' said Hari Thiruvengada, VERSES CTO. 'Enterprises face constant pressure to increase productivity, reduce costs, maintain competitive advantage, and manage risk—and they want to use AI Agents to help make smarter predictions and automate decisions that reflect their company's unique business and operational domain,' said Gabriel René, Founder and CEO of VERSES. 'We believe that general-purpose AI struggles to meet the domain-specific needs of today's enterprises, which is why Gartner® estimates that 50 percent of all AI models will be domain-specific by 2027. Genius is designed to meet this need, to enable more reliable, domain-specific predictions and agent-powered decision automation for the enterprise. With thousands of developers already on our waitlist, we are excited to begin converting that pent-up demand into paying customers.' 'Genius has been designed from the ground up to solve domain-specific enterprise challenges. We have incorporated dozens of usability improvements, including a modelling wizard to streamline building, validating, and training models. In particular, Genius can help to solve enterprise problems that often come with ambiguity, novelty, or uncertainty. This will make it particularly valuable to users requiring prediction, decision making, and recommendations,' added Hari Thiruvengada, VERSES CTO. Genius's initial target audience is machine learning and data science professionals trying to solve enterprise problems that require prediction with uncertainty or hidden factors. The commercial launch of Genius comes with significant upgrades and enhancements to current features including intelligent agents, a model editor, application programming interfaces (APIs) and a developer portal. A full list of models and capabilities can be found on our website. The Company will be converting current Beta users into paying customers and expects to begin rolling out access to qualified applicants from the thousands of developer sign-ups in the weeks to come. The Company offers Genius as a paid service with variable pricing plans for researchers, professionals and enterprise licenses. For more details on Genius and our pricing plans, visit our website at About VERSES VERSES is a cognitive computing company building next-generation intelligent software systems modeled after the wisdom and genius of Nature. Designed around first principles found in science, physics and biology, our flagship product, Genius,™ is a suite of tools for machine learning practitioners to model complex dynamic systems and generate autonomous intelligent agents that continuously reason, plan, and learn. Imagine a Smarter World that elevates human potential through technology inspired by Nature. Learn more at LinkedIn, and X. On behalf of the Company Gabriel René, Founder & CEO, VERSES AI Inc. Press Inquiries: [email protected] Investor Relations Inquiries James Christodoulou, Chief Financial Officer, Verses AI Inc. Gartner is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally. Cautionary Note Regarding Forward-Looking Statements This news release contains statements which constitute 'forward-looking information' or 'forward-looking statements' within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information and forward-looking statements are often identified by the words 'may', 'would', 'could', 'should', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' or similar expressions. More particularly and without limitation, this news release contains forward–looking statements and information relating to the launch of Genius and how Genius is expected to be valuable to users requiring prediction, decision making, and recommendations. The forward–looking statements and information are based on certain key expectations and assumptions made by the management of the Company. As a result, there can be no assurance that such plans will be completed as proposed or at all. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that Genius will provide the value expected by users, that the Company will generate revenues from paying customers and that Genius will be successful adopted by our target customers. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward–looking statements and information since no assurance can be given that they will prove to be correct. Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward–looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, that Genius will not provide the value users expect, that our target customers will not adopt Genius, or that Genius will not generate the revenues we expect, as well as other risks detailed from time to time in the filings made by the Company in accordance with securities regulations. Accordingly, readers should not place undue reliance on the forward–looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward–looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward–looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
Yahoo
18-03-2025
- Business
- Yahoo
VERSES Demonstrates Smart Building Energy Optimization
Exhibition Showcases Multi-Agent Smart Grid Automation and Efficiency Management VANCOUVER, British Columbia, March 18, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) ("VERSES'' or the "Company') a cognitive computing company specializing in next-generation intelligent software systems, announces the completion and exhibition of its work on sustainable building management, or smart homes, for the invite-only Turing Grand Challenge at AI UK 20251 on March 17th and 18th. 'We believe the challenge with today's rule-based energy control systems, such as smart homes, is that they are reactive and don't take into account other variables like hyper-local weather, multiple energy sources (grid, solar, battery), carbon emissions or room occupancy, and therefore they really aren't 'smart',' said VERSES CEO, Gabriel René. 'In this exhibition, we show how multiple agents working together can better predict which actions to take, given various trade-offs to achieve a desired goal. This might include deciding to switch a source of power from solar to electrical or preemptively adjust heating and cooling temperature based on weather conditions, occupancy, cost or efficiency goals.' According to the US Department of Energy, buildings are responsible for 40% of global energy consumption and roughly one-third of that is wasted at a cost of $150 billion annually.2 The VERSES exhibit, entitled EcoNet: a Multi-Agent Active Inference System for Urban Energy Optimisation, is a joint effort between VERSES researchers and University College London (UCL), that addresses a key aspect of the environment and sustainability objectives of Turing Grand Challenge, which seeks to develop AI systems that can reduce the impacts of climate change by managing energy use effectively. 'We believe this demonstration of autonomous multi-agent coordination in a complex dynamic system like energy management is an ideal showcase for Genius,' said CTO Hari Thiruvengada. 'While this specific use case is applicable from studio apartments all the way up to skyscrapers and to large industrial buildings, the more general problem that Genius is designed to solve is generating reliable predictions in the face of complex, uncertain and changing conditions that can be applied across enterprises universally.' The Company expects to share further details regarding the results of this test in an upcoming blog at About VERSES VERSES is a cognitive computing company building next-generation intelligent software systems modeled after the wisdom and genius of Nature. Designed around first principles found in science, physics and biology, our flagship product, Genius™, is a suite of tools for machine learning practitioners to model complex dynamic systems and generate autonomous intelligent agents that continuously reason, plan, and learn. Imagine a Smarter World that elevates human potential through technology inspired by Nature. Learn more at LinkedIn, and X. On behalf of the Company Gabriel René, Founder & CEO, VERSES AI Inc. Press Inquiries: press@ Investor Relations Inquiries U.S., Matthew Selinger, Partner, Integrous Communications, mselinger@ 415-572-8152Canada, Leo Karabelas, President, Focus Communications, info@ 416-543-3120 About UCL Founded in 1826 in the heart of London, UCL is London's leading multidisciplinary university, with more than 16,000 staff and 50,000 students from over 150 different countries. Media contactMatt MidgleyTel: +44 (0)20 3108 6995Email: [at] ______________________1 in to access your portfolio
Associated Press
25-02-2025
- Business
- Associated Press
VERSES® Announces Launch of Commercial Genius™ Agent Toolkit
VANCOUVER, British Columbia, Feb. 25, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) ('VERSES' or the 'Company') a cognitive computing company specializing in next-generation intelligent software systems, announces that the Company expects to launch the commercial version of Genius in April. Genius is a suite of tools for designing autonomous intelligent agents that continuously reason, plan and learn. 'The private beta phase of Genius allowed us to validate its applicability across diverse use cases, including autonomous vehicle safety, fleet optimization, fraud detection, credit risk assessment, financial market modeling, and medication efficacy. These real-world applications have been instrumental in refining our product, and we are excited to move into the commercialization phase, making Genius available to the thousands of interested customers and partners who have requested access,' said Gabriel René, Founder and CEO of VERSES. 'Genius' domain-specific models provide greater accuracy and reliability than the general-purpose capabilities of LLMs, addressing critical market needs and solving the 'last mile' problem of AI—an advancement which we believe will be key to driving its widespread adoption and real-world value.' The commercial launch is anticipated to include the latest version of Genius with new features including intelligent agents, a model editor, application programming interfaces (APIs) and a developer portal. The Company expects to begin to convert current Beta users into paying customers and enabling access to applicants from thousands of developer sign-ups. The Company anticipates offering Genius as a paid service with consumption-based and performance-based pricing as well as enterprise licenses. VERSES go-to-market strategy will continue to focus on strategic, enterprise, and channel partners and third-party integrations. 'Genius-powered Agents, designed to work alongside LLMs using domain-specific models, consistently demonstrate superior multi-step reasoning and deep domain expertise,' said Hari Thiruvengada, VERSES CTO. 'Recent benchmarks have shown Genius Agents performing inference on domain-specific models outperform general-purpose foundational models like OpenAI o1 and DeepSeek r1 on multi-step reasoning. We believe this evidence validates our innovative approach and underscores the timely relevance of our advancements towards addressing complex, real-world challenges.' Genius Features Genius Model Editor: A tool for creating, training, and updating domain-specific models through an intuitive, low-code interface. Genius Agents: Intelligent agents that utilize curated domain models to perform inference reliably, explainably, and efficiently. Genius APIs: Integration interfaces that allow users to incorporate advanced inference and learning capabilities directly into their applications. Genius Developer Portal: A centralized resource offering documentation, tutorials, and examples that empower developers to confidently build agentic systems. Genius Hosted Services: A cloud-hosted option that enables quick, effortless deployment of Genius-powered solutions across preferred hosting environments. To sign up for Genius please visit our webpage at About VERSES VERSES is a cognitive computing company building next-generation intelligent software systems modeled after the wisdom and genius of Nature. Designed around first principles found in science, physics and biology, our flagship product, Genius, is a suite of tools for machine learning practitioners to model complex dynamic systems and generate autonomous intelligent agents that continuously reason, plan, and learn. Imagine a Smarter World that elevates human potential through technology inspired by Nature. Learn more at LinkedIn, and X. On behalf of the Company Gabriel René, Founder & CEO, VERSES AI Inc. Press Inquiries: [email protected] Investor Relations Inquiries U.S., Matthew Selinger, Partner, Integrous Communications, [email protected] 415-572-8152 Canada, Leo Karabelas, President, Focus Communications, [email protected] 416-543-3120 Cautionary Note Regarding Forward-Looking Statements When used in this press release, the words 'estimate', 'project', 'belief', 'anticipate', 'intend', 'expect', 'plan', 'predict', 'may' or 'should' and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although VERSES believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this press release include, among other things, statements regarding the expectation that the Company will launch the commercial version of Genius in April; the expectation that Genius will be made available to the thousands of paying customers and partners who have requested access; that the commercial launch of Genius is anticipated to include the latest version of Genius with new features including intelligent agents, a model editor, application programming interfaces and a developer portal; and the expectation that the Company will offer Genius as a paid service with consumption-based and performance-based pricing as well as enterprise licenses. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. In making the forward-looking statements in this news release, the Company has applied various material assumptions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There are a number of important factors that could cause VERSES actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors may include, among other things, that the Company will launch the commercial version of Genius in April; that Genius will be made available to the thousands of paying customers and partners who have requested access; that the commercial launch of Genius will include the latest version of Genius with new features including intelligent agents, a model editor, application programming interfaces and a developer portal; and that the Company will offer Genius as a paid service with consumption-based and performance-based pricing as well as enterprise licenses. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of its securities or its financial or operating results (as applicable). Additionally, forward-looking statements involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will not launch the commercial version of Genius in April or at all; that Genius will not be made available to the thousands of paying customers and partners who have requested access; that the commercial launch of Genius will not include the latest version of Genius with any new features or the features will not be those that are currently anticipated by management; and that the Company will not offer Genius as a paid service with consumption-based and performance-based pricing as well as enterprise licenses; that company may not be able to act on its go-to-market strategy and that there may not be the expected market for the commercial version of Genius. VERSES cautions that the foregoing list of material factors is not exhaustive. When relying on VERSES' forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. VERSES has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of VERSES as of the date of this press release and, accordingly, are subject to change after such date. VERSES does not undertake to update this information at any particular time except as required in accordance with applicable laws.
