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Yahoo
3 days ago
- Business
- Yahoo
VERSES® Announces Major Global Investment Firm Upgrades to Genius™ Enterprise Based on Early Project Success
VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) ("VERSES'' or the "Company'), a cognitive computing company specializing in next-generation agentic software systems, announces that a major global investment firm has converted to an enterprise contract with the Company on the basis of the results achieved during its participation in the Company's Genius beta program. This firm validated Genius beta in early 2025 and based on the initial results, it has signed up for a renewable enterprise license, which provides it with access to unlimited inferences. The contract contains provisions for outcome-based pricing in the future, after an initial period of fixed payments. Genius, which uses active inference models and techniques that are particularly well-suited to handling complex, layered reasoning, is being explored to be used as an alternative to current AI. 'We are thrilled at the early results of Genius and believe that the migration from the Genius beta program to the Genius commercial Enterprise version is a strong vote of confidence in Genius' potential,' said Michael Wadden, VERSES' Chief Commercial Officer. 'We are excited by the opportunity to unlock significant business value with one of the largest global financial institutions as we begin to scale Genius into the market.' About VERSESVERSES® is a cognitive computing company focused on building next-generation intelligent software systems modelled after the wisdom and genius of nature. Designed around first principles found in science, physics and biology, the Company's flagship product, Genius,™ is an agentic enterprise intelligence platform designed to generate reliable domain-specific predictions and decisions under uncertainty. Learn more at LinkedIn and X. On behalf of the Company Gabriel René, Founder & CEO, VERSES AI Inc. Press Inquiries: press@ Investor Relations Inquiries James Christodoulou, Chief Financial OfficerIR@ +1(212)970-8889 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 potential of Genius to provide value to clients. 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. 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. 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.擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Business Upturn
3 days ago
- Business
- Business Upturn
VERSES® Announces Major Global Investment Firm Upgrades to Genius™ Enterprise Based on Early Project Success
By GlobeNewswire Published on June 5, 2025, 17:54 IST VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) — VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) ('VERSES' or the 'Company'), a cognitive computing company specializing in next-generation agentic software systems, announces that a major global investment firm has converted to an enterprise contract with the Company on the basis of the results achieved during its participation in the Company's Genius beta program. This firm validated Genius beta in early 2025 and based on the initial results, it has signed up for a renewable enterprise license, which provides it with access to unlimited inferences. The contract contains provisions for outcome-based pricing in the future, after an initial period of fixed payments. Genius, which uses active inference models and techniques that are particularly well-suited to handling complex, layered reasoning, is being explored to be used as an alternative to current AI. 'We are thrilled at the early results of Genius and believe that the migration from the Genius beta program to the Genius commercial Enterprise version is a strong vote of confidence in Genius' potential,' said Michael Wadden, VERSES' Chief Commercial Officer. 'We are excited by the opportunity to unlock significant business value with one of the largest global financial institutions as we begin to scale Genius into the market.' About VERSES VERSES® is a cognitive computing company focused on building next-generation intelligent software systems modelled after the wisdom and genius of nature. Designed around first principles found in science, physics and biology, the Company's flagship product, Genius,™ is an agentic enterprise intelligence platform designed to generate reliable domain-specific predictions and decisions under uncertainty. 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 [email protected] , +1(212)970-8889 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 potential of Genius to provide value to clients. 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. 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. 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. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Globe and Mail
21-03-2025
- Business
- Globe and Mail
Five Top Ways to Trade the Oil and Gas Artificial Intelligence Boom
As an incredibly disruptive tool, artificial intelligence is transforming just about everything, creating a multi-billion-dollar opportunity in the process. Not only has it been transformative for healthcare, retail, finance, transportation, financial services, education and manufacturing, also changing the oil and gas industry. All of which is a solid catalyst for AI stocks, such as VERSES Technologies (CBOE: VERS) (OTCQB: VRSSF), Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), and Alphabet (NASDAQ: GOOG, GOOGL). With it, oil and gas executives can identify potential reserves, optimize drilling locations, predict maintenance needs, increase efficiency, enhance safety, and help cut costs. It's just part of the reason why companies like AI Driller is now in a commercial partnership with VERSES Technologies. In fact, as noted by Marat Zaripov CEO, Founder at AI Driller, Inc., with the partnership, 'we can offer even smarter and more predictable optimization and outcomes resulting in improved investment returns (ROI) for our customers.' VERSES' (CBOE: VERS) (OTCQB: VRSSF) Just Announced a Commercial Partnership with AI Driller for Smarter Oil and Gas Operations VERSES AI Inc., a cognitive computing company specializing in next generation intelligent agent systems, announces that AI Driller, a leading AI solutions company focused on providing a comprehensive operational platform for safer and smarter drilling and completions solutions for the oil and gas industry, has joined the Genius commercial program. AI Driller customers include large global and national oil and gas companies, independent operators, drilling contractors and boutique engineering firms. 'At AI Driller, we provide a suite of best-in-class solutions for safer and smarter operations to the global leaders of the oil and gas industry,' said Marat Zaripov CEO, Founder at AI Driller, Inc. 'We strive to continually innovate, and we believe that by partnering with VERSES and leveraging Genius, we can offer even smarter and more predictable optimization and outcomes resulting in improved investment returns (ROI) for our customers. We look forward to this developing relationship as both companies seek to create a safer and smarter world through next generation AI solutions.' 'We are excited for the opportunity to partner with AI Driller to demonstrate the power of Genius to a new vertical, the oil and gas industry,' said Michael Wadden, VERSES Chief Commercial Officer. 'AI Driller's products already improve communication, performance and decision-making with data for the oil drilling industry, and we believe that by adding Genius, we can make that performance even better. In high-stakes drilling, every decision counts. It is essential to monitor key metrics to streamline rate-of-penetration, anticipate equipment maintenance needs, and reduce collision risks to avoid incidents. Genius empowers AI Driller to capture their domain knowledge and use it to develop Agents that learn to predict the right course of action and scale safer, more efficient, and cost-effective drilling operations for its customers.' Upon successful completion of phase 1, building and testing Genius Agents on high-value drilling use cases, both parties anticipate the execution and announcement of a reseller agreement to provide Genius to the AI Driller global customer base. Other related developments from around the markets include: Nvidia has partnered with Microsoft to bring neural shading support to the Microsoft DirectX preview in April, giving developers access to AI Tensor Cores in NVIDIA GeForce RTX™ GPUs to accelerate neural networks from within a game's graphics pipeline. Neural shading represents a revolution in graphics programming, combining AI with traditional rendering to dramatically boost frame rates, enhance image quality and reduce system resource usage. 'Microsoft is adding cooperative vector support to DirectX and HLSL, starting with a preview this April,' said Shawn Hargreaves, Direct3D development manager at Microsoft. 'This will advance the future of graphics programming by enabling neural rendering across the gaming industry. Unlocking Tensor Cores on NVIDIA RTX will allow developers to fully leverage RTX Neural Shaders for richer, more immersive experiences on Windows.' Microsoft announced that its board of directors declared a quarterly dividend of $0.83 per share. The dividend is payable June 12, 2025, to shareholders of record on May 15, 2025. The ex-dividend date will be May 15, 2025. Apple announced financial results for its fiscal 2025 first quarter ended December 28, 2024. The Company posted quarterly revenue of $124.3 billion, up 4 percent year over year, and quarterly diluted earnings per share of $2.40, up 10 percent year over year. 'Today Apple is reporting our best quarter ever, with revenue of $124.3 billion, up 4 percent from a year ago,' said Tim Cook, Apple's CEO. 'We were thrilled to bring customers our best-ever lineup of products and services during the holiday season. Through the power of Apple silicon, we're unlocking new possibilities for our users with Apple Intelligence, which makes apps and experiences even better and more personal. And we're excited that Apple Intelligence will be available in even more languages this April.' Alphabet announced financial results for the quarter and fiscal year ended December 31, 2024. Consolidated Alphabet revenues in Q4 2024 increased 12% year over year to $96.5 billion reflecting robust momentum across the business. Google Services revenues increased 10% to $84.1 billion, reflecting the strong momentum across Google Search & other and YouTube ads. Google Cloud revenues increased 30% to $12.0 billion led by growth in Google Cloud Platform (GCP) across core GCP products, AI Infrastructure, and Generative AI Solutions. Total operating income increased 31% and operating margin expanded by 5% percentage points to 32%. Net income increased 28% and EPS increased 31% to $2.15. 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 AI Inc. by VERSES AI Inc. We own ZERO shares of VERSES AI Inc. Please click here for disclaimer. Contact:
Associated Press
30-01-2025
- Business
- Associated Press
VERSES® Partners with Leading Global Investment Firm for Genius™ Beta
VANCOUVER, British Columbia, Jan. 30, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) ('VERSES' or the 'Company'), a cognitive computing company specializing in next-generation intelligent agent systems, announces that a leading global investment firm has joined the Genius beta program with the intent to mitigate market risk during volatile times, increase their investment returns, and grow their asset base by navigating the markets more consistently. The initial project is expected to leverage the predictive abilities of Genius to analyze and determine when the macroeconomic environment is shifting. Regime identification and switching models act like a financial weather forecast, helping investment firms anticipate shifts between calm, stable markets and volatile, high-risk periods—allowing them to minimize losses, seize opportunities, and make smarter decisions before the storm hits. 'We believe enabling our partners to 'get ahead' of market risks and shift the paradigm from reaction to prediction has the potential to create significant market advantage for our customers and across multiple industries,' said Michael Wadden, VERSES' Chief Commercial Officer. 'We are excited by the opportunity to work with one of the largest and most forward-thinking global financial institutions as part of our Genius beta program. It is important for us to test Genius with larger enterprise customers and applying more complex use cases that span across multiple industries such as risk management. We are thrilled this client selected Genius for this strategic endeavor.' 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, that the initial project is expected to leverage Genius' predictive abilities to analyze and determine when the macro environment is shifting. 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 initial project will leverage Genius' predictive abilities to analyze and determine when the macro environment is shifting. 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: the initial project will not successfully leverage Genius' predictive abilities to analyze and determine when the macro environment is shifting as expected by management or at all. 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.
Associated Press
27-01-2025
- Business
- Associated Press
VERSES® Partners with Top Australian Telecom for Genius™ Beta
VANCOUVER, British Columbia, Jan. 27, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) ('VERSES'' or the 'Company'), a cognitive computing company specializing in next generation intelligent systems, announces that a leading Australian telecommunications company has joined the Genius beta program to focus on one of the largest issues plaguing their industry globally: fraudulent or illegal use of telecommunications services. According to credit reporting agency, TransUnion, in 2023 $38.95 Billion was lost to telecom fraud and a report by The Global Leaders' Forum (GLF), a network of leaders from the world's largest international carriers, found that 64% of carriers state that fraudulent traffic is a top priority. One of the most common issues telecom operators face today is the prevalence of fraudulent access or hijacked accounts. Although there have been many advances in multi-factor authentication, there are just as many workarounds and hacks to circumvent them. The telecom provider is eager to implement Genius Agents given their unique ability to model complex dynamic systems, quantify uncertainty, and continuously learn how to make increasingly more accurate predictions. 'VERSES is attracting more large-scale opportunities at an enterprise level where the organization is excited about the capabilities and prospects that Genius provides,' said Michael Wadden, VERSES Chief Commercial Officer. 'Genius' unique ability to continuously reason, predict and act addresses a category of real-world problems that the latest LLMs like OpenAI's o1 or Deepseek's R1 still struggle to reliably solve. In this scenario potentially mitigating fraud at scale would create exceptional value for the provider.' 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 potential of Genius to mitigate fraud for telecom companies and the potential to attract more large-scale opportunities. 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, the ability of the Company to use Genius to mitigate fraud for telecom companies and the ability of the company to identify more large-scale opportunities. 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: the risk that the Company will be unsuccessful in finding more large-scale opportunities and that Genius may not be successful in mitigating fraud for telecom companies. 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.
