VERSES AI INC - VRSSF STOCK NEWS

VERSES Technologies Inc. announced the acceptance of Warrant Amendments for 18,100,714 Class A subordinate voting share purchase warrants. The amendments include an extension of the expiry date to August 15, 2025, and a reduction in the exercise price from $1.20 to $1.00 per share. Additionally, an accelerated expiry provision allows the company to shorten the warranty period if share prices exceed C$2.00 for 10 consecutive days. Amendments will be governed by a new warrant indenture with Endeavor Trust Corporation.

VERSES Technologies Inc. has announced a landmark white paper on its innovative approach to Artificial General Intelligence (AGI), published on December 5, 2022. This research, conducted by a team of leading Computational Neuroscientists and AI experts, outlines the Active Inference framework that aims at creating intelligent agents capable of adapting and learning like humans. The company’s KOSM platform leverages this approach, heralding a transformative shift in AI capabilities. Additionally, VERSES has issued 400,000 stock options to consultants at an exercise price of $0.75.

VERSES Technologies announces the appointment of Dr. Karl Friston as Chief Scientist to spearhead its AI research utilizing Active Inference. This innovative approach applies principles from nature to AI development. Under Friston's leadership, the company aims to produce a White Paper outlining a roadmap to achieving Artificial General Intelligence (AGI). Gabriel René, CEO, expressed enthusiasm for Friston's expertise, aligning with the company's mission for a 'smarter world.' The research paper is expected in early December, alongside a webinar on Active Inference's implications on future AI systems.

VERSES Technologies has partnered with Blue Yonder to offer adaptive intelligence and Spatial Twin management applications to global logistics customers. This partnership aims to improve workflow optimization, verifiable traceability, and intelligent automation within warehouses and distribution centers. The solutions address challenges like labor shortages and global supply chain bottlenecks. The collaboration highlights VERSES' commitment to enhancing supply chain operations through advanced technology, providing tools for routing, slotting, and capacity management.

VERSES Technologies Inc. has announced amendments to the terms of 18,100,714 Class A subordinate voting share purchase warrants. The amendments include extending expiration dates from 2024 to August 15, 2025 and reducing the exercise price from $1.20 to $1.00. Additional changes involve acceleration clauses based on the share price exceeding C$2.00 for 10 consecutive trading days. Shareholder approval is required for the amendments, with expectations of obtaining the necessary consents. These changes pave the way for a potential secondary listing on the Neo Exchange.

VERSES Technologies Inc. (OTCQX: VRSSF) has granted 1,750,000 stock options to consultants at an exercise price of $0.70, valid for one year. Of these, 250,000 options will vest immediately, while the remaining 1,500,000 will vest 50% immediately and 50% after 60 days. VERSES is a provider of contextual computing platforms focused on next-generation AI solutions, emphasizing its flagship product, COSM™, which enhances applications with adaptive intelligence.

VERSES Technologies Inc. (OTCQX: VRSSF) will present a corporate overview by Founder and CEO Gabriel René on October 26, 2022, at 11:30 a.m. PDT during the 15th annual LD Micro Main Event in Los Angeles. This three-day investor conference features over 200 companies and occurs at the Luxe Sunset Boulevard Hotel. Interested participants can register for the conference and access the presentation via the provided links. The company specializes in contextual computing and AI solutions, showcasing its flagship product, COSM™, designed to enhance applications with adaptive intelligence.

VERSES Technologies has successfully completed a pioneering Urban Air Mobility (UAM) test using its COSM AI operating system in Zaragoza, Spain. This initiative, part of the European Commission-funded Flying Forward 2020 project, involved multiple autonomous drones that provided real-time monitoring for the La Virgen del Pilar festivities. The COSM platform ensured compliance with air traffic regulations and data privacy laws, showcasing the potential for future UAM advancements in Europe.

Jay Samit, an international bestselling author and former NASDAQ CEO, has joined VERSES Technologies as Non-Executive Chair. Samit, known for his transformative work in technology and media, brings extensive experience from his roles at leading firms like LinkedIn and EMI. His focus will be on advancing the company’s mission to develop AI solutions for the Spatial Web. CEO Gabriel René emphasized leveraging Samit's expertise to foster innovative growth as VERSES aims to enhance human potential through its AI operating system, COSM™.