Latest news with #VERSES
Yahoo
2 days ago
- Business
- Yahoo
VERSES Names Renowned AI and Public Sector Leader Dr. David Bray to Chair Strategic Advisory Council
Council formed to support VERSES® in driving government, enterprise, and global market adoption of Genius™ VANCOUVER, British Columbia, June 10, 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, today announced the appointment of Dr. David Bray, Ph.D., as Chair of its newly formed Strategic Advisory Council. As Strategic Advisory Chair, Dr. David Bray is expected to assist the Company in assembling a council of experts across industry, policy, and technology, aimed at accelerating the Company's strategic growth and driving market adoption across both private and public sectors. Dr. Bray is a globally recognized expert on AI, data, and cybersecurity. He was named one of the 'Top 24 Americans Changing the World' by Business Insider for his leadership in turbulent environments, national security, digital transformations, counter-bioterrorism, and public health. Dr. Bray has held executive roles across government, academia, and industry, he also led two successful bipartisan commissions on the future of AI, cybersecurity, biotechnology, commercial space endeavors, and quantum computing. Dr. Bray previously served as IT Chief for the Bioterrorism Preparedness and Response Program during the responses to 9/11, anthrax, SARS, and other events; as well as Senior Executive and CIO of the FCC, a Senior National Intelligence Service Executive, and as a strategic advisor to multinational organizations navigating emerging technologies and complex global challenges. In 2023 he was elected as a member of the National Academy of Public Administration. He also received the Global CIO 100 award twice (2015, 2017) 'We are honored to have David on board to provide guidance and to lead our Strategic Advisory Council,' said Gabriel René, CEO of VERSES. 'David brings a rare mix of public and private leadership, scientific acumen, and systems-level thinking. His impressive track record working at the intersection of emerging technology, national security, and policy makes him the ideal Chair for our Advisory Council. We very much appreciate his leadership in helping to drive our global growth strategy.' 'I'm energized to help VERSES scale its technology to enhance the speed of decisions, adaptability, and resiliency of both companies and communities alike,' said Dr. David Bray. 'Having navigated numerous high-stakes environments, from protecting national security, to managing global health emergencies, to shaping the future of space systems, I've seen firsthand how complex challenges require systems that adapt quickly to a changing world, and in those moments, the ability to make swift, informed decisions with limited information is critical. What excites me about VERSES' Active Inference technology is that it is designed to help companies, communities, and countries make better decisions with less information, and it does so efficiently, bringing intelligence to the edge; right where it's needed most.'Dr. Bray currently serves as Chair of the Accelerator and Distinguished Fellow at the Stimson Center, Senior Fellow at the Institute for Human-Machine Cognition, and is an expert affiliated with MIT Horizon, the Oxford Internet Institute, and Harvard's Leadership for a Networked World Program. In 2019, the United Nations invited him to give the Distinguished AI address on Charter Day. He was also awarded the National Intelligence Exceptional Achievement Medal in 2013. 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 an agentic enterprise intelligence platform designed to generate reliable domain-specific predictions and decisions under uncertainty. 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 James Christodoulou, Chief Financial Officer IR@ +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 expectation that Dr. Bray will assist the Company in assembling a council of experts across industry, policy, and technology, aimed at accelerating the Company's strategic growth and driving market adoption across both private and public sectors; the expectation that Active Inference technology will put the power to make more reliable predictions with incomplete information into the hands of companies, communities, and countries; and other statements that are not historical facts. 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 Dr. Bray will successfully assist the Company in assembling a council of experts across industry, policy, and technology, aimed at accelerating the Company's strategic growth and driving market adoption across both private and public sectors; that Active Inference technology will put the power to make more reliable predictions with incomplete information into the hands of companies, communities, and countries. 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 Dr. Bray will not successfully assist the Company in assembling a council of experts across industry, policy, and technology, aimed at accelerating the Company's strategic growth and driving market adoption across both private and public sectors or at all; that Active Inference technology will not successfully put the power to make more reliable predictions with incomplete information into the hands of companies, communities, and countries and 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
7 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
7 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.
Associated Press
04-06-2025
- Business
- Associated Press
VERSES® Welcomes IEEE Final Approval of Spatial Web Standards
VANCOUVER, British Columbia, June 04, 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, welcomes the final ratification and forthcoming publication of the Institute of Electrical and Electronics Engineers Standards Association (IEEE-SA) P2874 Spatial Web standards intended to enable interoperability and governance between AI systems, agents, robotics and Internet of Things devices. 'Congratulations to the Spatial Web Foundation and the approximately three hundred P2874 working group participants who have worked diligently during the last five years to bring about this remarkable achievement. I believe that these global standards mark the dawn of the next era of the web,' said VERSES CEO, Gabriel René. Just as past IEEE standards, such as Wi-Fi® and Bluetooth®, have catalyzed global device interoperability, the Spatial Web standards aim to standardize secure communication, collaboration, and control among AI agents, IoT devices, robots, digital twins, and human users in digital and physical environments. One of the core standards, Hyperspace Modeling Language (HSML), provides for a shared multidimensional vocabulary for describing people, places, and things, while Hyperspace Transaction Protocol (HSTP) encodes permissions and policies into every digital interaction. Together, they provide both hardware manufacturers and software developers a common toolkit to reduce time-to-market, accelerate deployment, and lower integration costs, while empowering policymakers and regulators with a robust foundation for building safeguards that ensure systems interoperate intelligently, safely and ethically in the real world. One critical challenge that the standards were designed to address for businesses is ensuring standard protocols for identity, credentials, and trust when AI interacts with IoT devices and robots. For example, a factory might want to specify that only authorised individuals or agents may instruct a robot to move certain components to or from approved parts of the building. Consumers can determine how, when and where systems may use their data. For instance, an individual can share private medical information with a healthcare provider but ensure that the terms of use and access to their data remain under their control. VERSES plans to support the P2874 standards in future releases of its product, Genius. This will enable enterprises to develop intelligent agents interoperate more easily and obey enterprise-defined policies and laws. For Genius customers, this can mean quicker development and deployment and lower integration costs. 'We believe that integrating Spatial Web standards into Genius will create more robust, agentic, and autonomous systems that can better understand their surroundings, coordinate with other IoT and robotic systems, and comply with technical, legal and business requirements,' said James Hendrickson, President and COO of VERSES. He added, 'Imagine a warehouse robot rolling into a new facility, understanding the local policies, and starting to work within minutes with no custom coding required. That's the future-ready world that our customers are demanding and that VERSES is working to deliver.' More information can be found on the Spatial Web Foundation and IEEE websites: 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 an agentic enterprise intelligence platform designed to generate reliable domain-specific predictions and decisions under uncertainty. 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 [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 expectation that the Company anticipates listing its Class A Subordinate Voting shares for trading on Nasdaq; and other statements that are not historical facts. 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 the Company will successfully list its Class A Subordinate Voting shares for trading on the Nasdaq as anticipated by 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. These include, but are not limited to, that the Company will not successfully list its Class A Subordinate Voting shares for trading on Nasdaq as anticipated by management or at all and 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.
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.
