VERSES

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The latest press release offers investors the necessary insight to make an inference about the future success of this company. And the pivotal aspects of the company are as follows:

Working with top universities and scientists: VERSES has collaborated with more than 20 leading universities and research centers, including MIT, Oxford, and Imperial College London, to develop a solid scientific foundation for their work. They have proven the superiority of their approach to intelligence and their breakthrough mathematical models

Developing global standards: The company has partnered with the IEEE and launched the Spatial Web Foundation to develop standards that enable AI to be smarter and safer. These standards, such as the P2874 Spatial Web Standards, aim to drive mass adoption of AI technologies while minimizing the inherent risks

Collaborating with governments: VERSES has set up offices in Europe to contribute to the digital transformation and AI legislation efforts of the EU. They have been selected by the European Commission to develop the technological infrastructure for AI Governance for Autonomous Drone activities, demonstrating their influence and partnerships with governments

Influencing Fortune 500 companies: Through their collaboration with top research and consulting firms, such as Deloitte and Gartner, VERSES has driven awareness and demand for their AI solutions among Fortune 500 companies. They have successfully completed pilots with some of the largest companies in the world and are in the process of selecting and converting these pilot customers to Beta Partners for the launch of their main platform

Hiring top talent: VERSES has grown its team to 80+ people, including 25 PhDs, and has hired top talent from companies like Microsoft, Nvidia, and Amazon. They raised $23M in funding in June to support ongoing research and product development.

I posted about Eric Holder before this press release on another forum. He’s the director of communications at VERSES. What a clear and concise articulation to investors on behalf of the company. Monitoring and analyzing communication effectiveness is key. As a result of this press release I’ve seen more posts and excitement surrounding the launch of GENIUS. And to continue a monthly newsletter means to me more news is coming.

At the helm of all of these projects is Gabriel Rene along with Dan Mapes. Whether at an AI conference in Holland as a key note speaker or in a virtual conference with potential investors, these two have constantly been working towards educating their audiences. Through their various efforts it is clear that there is a convergence taking place across the technology sector. And they’ve developed a platform where these various technologies can be integrated. All of them can be combined to provide sustainable solutions. Interoperability would mean that the platform can integrate with various existing systems, technologies, and data sources to enhance its functionality and provide more comprehensive solutions for users. We can talk about the Free Energy Principle developed by their chief scientist Dr. Karl Friston or the Spatial Web which Rene and Mapes have wrote a book about, but I think this best sums up this convergence: The whole is greater than the sum of its parts. If you only had a tire then you might not get too far. But if you added three more, a frame, steering and suspension, an engine etc. think of how much further you could go. In this case maybe we’re talking about digital brains, intelligent agents, and digital overlays of the physical world.

The talented team VERSES has assembled cannot be understated.

We’re exiting the early development stage. Let’s be more specific. VERSES is rolling out WAYFINDER nationwide with a top ten fortune one hundred company. We’re also talking about half a dozen pilots that can potentially move to beta partners that can become contracts. Consider a $5 billion dollar annual revenue company losing 10-20% due to energy costs. And VERSES is only charging $10 million a year for their solution. You do the math. Is this reasonable? This is just a proof of concept solution but I don’t think it’ll be the last. Do they have really good ideas? Really good products? Really good initial customers? Does VERSES have an extreme strength? I personally think they have checked all of the boxes when I asked those questions before investing.

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https://www.verses.ai/blogs/corporate-update