VERSES Welcomes Business Solutions Provider Prodigii to Genius™ Beta

Rhea-AI Summary

VERSES AI announced a strategic partnership with Prodigii as part of their Genius™ beta program. Prodigii will utilize Genius' predictive and inferencing capabilities to develop intelligent solutions focused on sustainability planning and compliance for Fortune 1000 clients. The partnership aims to streamline Environmental, Social, and Governance (ESG) accounting standards and reporting requirements. Genius is designed to be composable, reusable, and capable of continuous learning, offering advantages over current static, pre-trained solutions that often produce unreliable results.

Positive

• Strategic partnership with Prodigii expands Genius™ platform reach to Fortune 1000 clients
• Entry into ESG compliance market represents new revenue opportunity
• Technology offers competitive advantage over existing static solutions

Negative

• None.

Consulting Firm To Deploy Genius™ to Meet Customer Sustainability Requirements

VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) ("VERSES" or the "Company"), a cognitive computing company specializing in next generation intelligent systems, today announced a strategic partnership with goProdigii, LLC (“Prodigii”) as a member of VERSES Genius™ beta program (“Genius”). Prodigii aims to leverage Genius’ advanced predictive and inferencing capabilities to develop intelligent solutions with an emphasis on sustainability planning and compliance with Fortune 1000 clients.

Prodigii helps companies meet Environmental, Social, and Governance (ESG) accounting standards, which includes reporting on environmental impact, fair labor practices, and ethical governance to help clients turn sustainability into a competitive edge, enhancing both brand reputation and operational efficiency. These ESG requirements can be cumbersome for Fortune 1000 companies and can directly affect their bottom line.

In order to effectively manage ESG accounting and reporting requirements, firms need to combine data from a variety of different sources to create clear, actionable insights and reports. Collecting and normalizing data across organizations is notoriously challenging and Genius provides tools to potentially streamline and automate this modeling process. Further, current solutions are typically a bespoke patchwork of various software, making them fragile and inflexible, whereas Genius is designed to be composable and reusable. Genius is also designed from the ground up to learn continually, in contrast to mainstream approaches that are pre-trained, static and known for generating unreliable results.

“A business consulting and analytics firm like Prodigii is a great example of who Genius was designed to benefit,” said James Hendrickson, COO of VERSES. “Genius will enable Prodigii to deliver more robust, resilient and scalable solutions by embedding adaptive intelligence into their platform.”

Andrew Tasker, co-founder and CEO of Prodigii, notes, “A recent McKinsey study* concluded that a strong sustainability commitment adds additional shareholder value for companies that also exceed their peers in growth and profitability. Sustainability is as complex as it is important, and we believe Genius can allow us to expand our capabilities and deepen our impact.”

*The McKinsey and Company August 2023 study titled “The Triple Play: Growth, Profit and Sustainability” can be found here: https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/the-triple-play-growth-profit-and-sustainability

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.

About Prodigii

goProdigii, LLC (Prodigii) is a Sustainable AI company organized in 2022 as a joint venture with AI consulting firm Soothsayer Analytics, LLC to build solutions that align business advantage with genuine sustainability. Prodigii’s experience in engineering digital transformation for Private Equity, Fortune 1000, and Global 2000 firms uniquely qualifies Prodigii to guide companies through the sustainable transition to Spatial Web 3.0 and Active Inference Al. Across all sectors, Prodigii’s approach ensures that technological advancements are not just about efficiency and convenience, but about enriching human experiences and fostering a more connected and sustainable world. Learn more at www.goprodigii.com.

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 other things, statements regarding potential solutions for sustainability clients and improving Prodigii’s platform.

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 create solutions for Prodigii’s sustainability clients and the ability of the Company to achieve the intended goals and objectives with Prodigii’s platform. 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).

Additionally, forward-looking statements involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the risk that the Company will be unsuccessful in creating solutions for Prodigii’s sustainability clients and that the Company may not be able to achieve the intended goals and objectives with Prodigii’s platform. 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 is the purpose of VERSES AI (VRSSF) partnership with Prodigii?

The partnership aims to leverage VERSES' Genius™ platform to develop intelligent solutions for sustainability planning and ESG compliance for Fortune 1000 clients.

How will VERSES AI (VRSSF) Genius™ platform help with ESG reporting?

Genius™ will help streamline and automate the process of collecting and normalizing ESG data from various sources, creating actionable insights and reports for compliance requirements.

What advantages does VERSES AI (VRSSF) Genius™ offer over existing ESG solutions?

Genius™ is composable, reusable, and designed for continuous learning, unlike current static, pre-trained solutions that often produce unreliable results.