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VERSES AI INC - VRSSF STOCK NEWS

Welcome to our dedicated page for VERSES AI news (Ticker: VRSSF), a resource for investors and traders seeking the latest updates and insights on VERSES AI stock.

VERSES AI Inc (VRSSF) is a cognitive computing company focusing on biologically inspired distributed intelligence. Their flagship offering, Genius™, mimics natural systems and neuroscience to learn, adapt, and interact with the world. With key features like generalizability, predictive queries, and real-time adaptation, Genius™ transforms data into knowledge models for collaboration between humans, machines, and AI. Recent achievements include the launch of Genius™ Private Beta program, partnerships with industry leaders like NASA’s JPL and Volvo, and progress in developing the Spatial Web Protocol and Governance Standards. VERSES has a strong IP portfolio with 11 patent applications and 14 registered trademarks. The company is shifting focus to become a product-driven scaleup, led by Dr. Thiruvengada, the new Chief Product Officer. VERSES is hosting a webinar on June 20th to roll out beta access for developers to enhance their intelligent software systems.

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VERSES Technologies Inc. (OTCQX:VRSSF) announced a successful first tranche of its non-brokered private placement, raising gross proceeds of C$5,001,409. This tranche included the issuance of unsecured convertible debentures and 1,742,979 detachable warrants. The Company plans to increase the size of the Private Placement to a maximum of C$7,500,000, subject to NEO approval. Proceeds will be used for general working capital. Additionally, C$261,360 was paid in fees to finders along with 303,907 broker warrants. All securities issued are subject to a four-month hold period.

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VERSES Technologies Inc. (OTCQX:VRSSF) announced a non-brokered private placement of unsecured convertible debenture units to raise up to C$5,000,000. Each unit comprises C$1,000 principal unsecured convertible debentures and 350 detachable warrants to purchase Class A Subordinate Voting shares. The debentures will mature in 12 months, accruing interest at 20% per annum, convertible into equity securities upon closing of an Equity Financing of at least C$10,000,000. Proceeds will be used for general working capital. The company is set to close the initial tranche on February 28, 2023, pending regulatory approval.

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VERSES Technologies Inc. has unveiled GIA™, the first General Intelligent Agent, designed to enhance user interaction with technology through advanced AI capabilities. Expected to reduce information overload and increase productivity, GIA learns user preferences to manage personal and professional activities efficiently. It offers features like predictive reasoning, data automation, and personalized recommendations across various platforms. The company plans to launch GIA's international beta in summer 2023, marking a key development in cognitive computing aimed at fostering healthier human-tech relationships.

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VERSES Technologies Inc. (OTCQX:VRSSF) announces a live webinar hosted by Market Radius Research on February 22, 2023, at 2:00 PM ET. The event will feature CEO Gabriel René discussing the company's development of KOSM™, the first network operating system for distributed intelligence. Attendees can ask questions in real-time, with an archived version available later. VERSES focuses on cognitive computing and AI, aimed at transforming data into universal contexts for better collaboration between humans and AI. This webinar represents an opportunity for investors to gain insights into the company's innovative projects.

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VERSES Technologies Inc. has partnered with SVT Robotics to enhance warehouse and distribution operations using AI and robotics. The collaboration will integrate SVT's SOFTBOT® Platform with VERSES' network operating system, KOSM™, enabling faster AI-powered robot deployment. This partnership aims to boost productivity and operational efficiency by creating a digital twin of facilities for real-time intelligence. Customers using this integrated system will have access to SVT’s AppLab and AppMonitor features for improved operational workflows.

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VERSES Technologies Inc. (OTCQX: VRSSF) has partnered with ShareIntel Shareholder Services to enhance measures against illegal short selling, aiming to safeguard shareholder interests. This collaboration will allow VERSES to monitor trading activity, detect reporting anomalies, and ensure compliance with SEC regulations. Don Moody, General Counsel, emphasized that the initiative could increase shareholder value by addressing suspicious trading activities. ShareIntel’s tools will enhance corporate governance and regulatory compliance, further establishing VERSES' commitment to protect investors and ensure fair market conditions.

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VERSES Technologies Inc. (OTCQX: VRSSF) has partnered with 686 Technical Apparel to enhance logistics within their distribution center using advanced AI technology. This collaboration aims to streamline warehouse operations by utilizing KOSM™, a network operating system designed for distributed intelligence, along with the VERSES WAYFINDER™ mobile app. The app is expected to boost picking performance, reduce errors, and improve the onboarding process. A live webinar scheduled for January 31, 2023, will provide further updates from Gabriel Rene, CEO of VERSES.

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VERSES Technologies has announced a supplemental listing of up to 18,100,714 Class A subordinate voting share purchase warrants on the Neo Exchange (NEO) under the symbol 'VERS.WT.A'.

This follows the acceptance of an aggregate of 11,613,485 amended warrants, allowing holders to purchase Class A shares at $1.00 each until August 15, 2025. Additionally, 6,487,229 unlisted warrants may also become listed pending written consent from their holders. The company is actively engaging with warrant holders to encourage approval for the amendments, which would enhance the liquidity of the warrants.

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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.

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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.

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FAQ

What is the current stock price of VERSES AI (VRSSF)?

The current stock price of VERSES AI (VRSSF) is $0.255 as of November 21, 2024.

What is the market cap of VERSES AI (VRSSF)?

The market cap of VERSES AI (VRSSF) is approximately 101.9M.

What is VERSES AI Inc known for?

VERSES AI Inc is known for its cognitive computing solutions, specifically focusing on biologically inspired distributed intelligence with their flagship offering, Genius™.

What are the key features of Genius™ by VERSES AI Inc?

Genius™ by VERSES AI Inc includes features such as generalizability, predictive queries, real-time adaptation, and an automated computing network.

What recent achievements has VERSES AI Inc accomplished?

VERSES AI Inc recently launched the Genius™ Private Beta program, formed partnerships with industry leaders like NASA’s JPL and Volvo, and made progress in developing the Spatial Web Protocol and Governance Standards.

How strong is VERSES AI Inc's IP portfolio?

VERSES AI Inc has 11 patent applications and 14 registered trademarks, showcasing a robust intellectual property portfolio in the field of cognitive computing.

Who is leading the shift in focus at VERSES AI Inc?

Dr. Thiruvengada has been appointed as the Chief Product Officer at VERSES AI Inc to lead the company's transition from a technology startup to a product-driven scaleup.

What upcoming event is VERSES AI Inc hosting?

VERSES AI Inc will be hosting a webinar on June 20th to roll out beta access for developers to create intelligent software systems using their Genius™ platform.

VERSES AI INC

OTC:VRSSF

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VRSSF Stock Data

101.93M
42.33M
36.32%
Software - Infrastructure
Technology
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United States of America
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