VERSES Appoints Michael Blum as New Chair of The Board of Directors and Jay Samit into Executive Position
VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) has announced significant leadership changes. Jay Samit is stepping down as Chairman of the Board to become Head of Global Partnerships, focusing on deploying Genius to strategic partners. Michael Blum, co-founder of Hedgeye Risk Management, has been appointed as the new Chairman of the Board.
This transition comes at a important time for VERSES, following a strategic investment from G42, IEEE approval of Spatial Web standards, and recent research demonstrating the scalability of their technology. Samit's extensive experience and international contacts are expected to be valuable assets as VERSES rolls out Genius commercially. Blum, with his background in finance, space technology, and Silicon Valley, brings a wealth of experience to the board.
VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) ha annunciato significativi cambiamenti nella leadership. Jay Samit si dimetterà dalla carica di Presidente del Consiglio per diventare Responsabile delle Partnership Globali, concentrandosi sullo sviluppo di Genius con i partner strategici. Michael Blum, co-fondatore di Hedgeye Risk Management, è stato nominato nuovo Presidente del Consiglio.
Questa transizione arriva in un momento importante per VERSES, dopo un investimento strategico da parte di G42, l'approvazione da parte dell'IEEE degli standard del Spatial Web e ricerche recenti che dimostrano la scalabilità della loro tecnologia. L'ampia esperienza di Samit e i suoi contatti internazionali si prevede siano asset preziosi mentre VERSES lancia commercialmente Genius. Blum, con il suo background nella finanza, nella tecnologia spaziale e nella Silicon Valley, porta una grande esperienza nel consiglio.
VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) ha anunciado cambios significativos en el liderazgo. Jay Samit renunciará como Presidente de la Junta para convertirse en Jefe de Socios Globales, centrándose en implementar Genius con socios estratégicos. Michael Blum, cofundador de Hedgeye Risk Management, ha sido nombrado nuevo Presidente de la Junta.
Esta transición llega en un momento importante para VERSES, tras una inversión estratégica de G42, la aprobación por parte del IEEE de los estándares del Web Espacial y recientes investigaciones que demuestran la escalabilidad de su tecnología. Se espera que la amplia experiencia de Samit y sus contactos internacionales sean activos valiosos mientras VERSES lanza comercialmente Genius. Blum, con su experiencia en finanzas, tecnología espacial y Silicon Valley, aporta una gran cantidad de experiencia a la junta.
VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF)는 주요 리더십 변화를 발표했습니다. Jay Samit는 이사회 의장직에서 물러나 글로벌 파트너십 책임자로 임명되어 전략적 파트너와 Genius의 배포에 집중할 예정입니다. Michael Blum, Hedgeye Risk Management의 공동 창립자는 새로운 이사회 의장으로 임명되었습니다.
이 전환은 VERSES에 중요한 시점에 이루어지며, G42의 전략적 투자, IEEE의 공간 웹 표준 승인, 그리고 그들의 기술의 확장성을 입증하는 최근 연구와 관련이 있습니다. Samit의 광범위한 경험과 국제적 인맥은 VERSES가 Genius를 상업적으로 출시할 때 소중한 자산이 될 것으로 예상됩니다. Blum은 금융, 우주기술 및 실리콘밸리에서의 배경을 가지고 있어 이사회에 풍부한 경험을 제공합니다.
VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) a annoncé des changements significatifs dans sa direction. Jay Samit démissionne de son poste de Président du Conseil pour devenir Responsable des Partenariats Mondiaux, se concentrant sur le déploiement de Genius auprès de partenaires stratégiques. Michael Blum, co-fondateur de Hedgeye Risk Management, a été nommé nouveau Président du Conseil.
Cette transition intervient à un moment crucial pour VERSES, suite à un investissement stratégique de G42, à l'approbation par l'IEEE des normes du Web Spatial, et à des recherches récentes démontrant l'évolutivité de leur technologie. L'expérience étendue de Samit et ses contacts internationaux devraient être des atouts précieux alors que VERSES lance Genius commercialement. Blum, avec son expérience en finance, en technologie spatiale et dans la Silicon Valley, apporte une grande richesse d'expérience au conseil.
VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) hat bedeutende Änderungen in der Unternehmensführung angekündigt. Jay Samit wird als Vorsitzender des Vorstands zurücktreten, um Leiter der Globalen Partnerschaften zu werden und sich auf die Einführung von Genius bei strategischen Partnern zu konzentrieren. Michael Blum, Mitbegründer von Hedgeye Risk Management, wurde zum neuen Vorsitzenden des Vorstands ernannt.
Dieser Übergang erfolgt zu einem wichtigen Zeitpunkt für VERSES, nach einer strategischen Investition von G42, der Genehmigung der Spatial Web Standards durch das IEEE und aktuellen Forschungen, die die Skalierbarkeit ihrer Technologie belegen. Samits umfangreiche Erfahrung und internationale Kontakte werden als wertvolle Ressourcen geschätzt, während VERSES Genius kommerziell einführt. Blum bringt mit seinem Hintergrund in Finanzen, Weltraumtechnologie und Silicon Valley eine Fülle von Erfahrung in den Vorstand.
- Strategic repositioning of Jay Samit to focus on global partnerships and commercial deployment of Genius
- Appointment of Michael Blum as Chairman, bringing expertise from finance and technology sectors
- Recent strategic investment from G42 strengthening the company's position
- IEEE approval of Spatial Web standards, validating VERSES' technology
- Research demonstrating technical scalability of VERSES' technology
- None.
Jay Samit to Relinquish Board Duties to Lead Go to Market as Head of Global Partnerships
Michael Blum Appointed to Chairman Position
VANCOUVER, British Columbia, Sept. 10, 2024 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) ("VERSES'' or the "Company”), a cognitive computing company specializing in next generation intelligent systems, announces that Jay Samit is relinquishing his position as Chairman of the Board in order to take a position with the Company while concurrently appointing Michael Blum into the vacated Chairman position. Mr. Samit’s new role at VERSES will be Head of Global Partnerships, focusing on deploying Genius to systems integrators, channel partners, and business process outsource firms and strategic investors.
“With the strategic investment from G42, the IEEE working group approval of the Spatial Web standards, as well as the most recent research demonstrating technical scalability of the technology, VERSES is at an inflection point, and I feel that the timing is right for me, to have a more direct impact by leveraging the relationships that I’ve built over my career to help bring Genius to market,” said Jay Samit.
“We want to thank Jay for his service as Board Chairman, but we are even more delighted that he will head up and nurture our key global partnerships,” said Gabriel René, CEO of VERSES. “Jay’s experience as a pioneering top executive in Fortune 500 Companies and leading global consultancies, like Deloitte, combined with his extensive international contacts, will be an invaluable asset as we roll out Genius commercially.”
“At the same time, I want to welcome Michael to the Board and look forward to working with him at this exciting phase of VERSES development,” continued Mr. René.
Michael Blum is a co-founder and president of Hedgeye Risk Management, a premier independent investment research house whose customer base advises more than
“I am delighted to be joining the VERSES Board,” said Chairman Michael Blum. “VERSES nature based approach to software is, I believe, paradigm shifting. It is going to change the economics of computing to allow for a whole new category of previously unattainable products and applications creating a safer, smarter world.”
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 toolkit for developers to generate intelligent software agents that enhance existing applications with the ability to reason, plan, and learn. Imagine a Smarter World that elevates human potential through technology inspired by Nature. Learn more at verses.ai, LinkedIn and X.
On behalf of the Company
Gabriel René, Founder & CEO, VERSES AI Inc.
Press Inquiries: press@verses.ai
Investor Relations Inquiries
U.S., Matthew Selinger, Partner, Integrous Communications, mselinger@integcom.us 415-572-8152
Canada, Leo Karabelas, President, Focus Communications, info@fcir.ca 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 others, current and future research projects, benchmark testing, as well as the beta and launch of Genius. Such statements and information reflect the current view of VERSES.
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 include, among others: the ability of the Company to use the proceeds of the Private Placement as announced or at all; currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions. 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).
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.
FAQ
What major leadership changes did VERSES AI (VRSSF) announce on September 10, 2024?
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