AI | Artificial Intelligence

The Next Step In True AI – VERSES AI

Financial Gambits

May 4, 2023 — 6 min read

Why VERSES AI Is A Pure Play Game Changer For Investors

HIGHLIGHTS:

Artificial Intelligence is quickly becoming one of the most transformative technologies of our time.
VERSES Announces Technical Breakthrough And Patent Filing for Its Next-Gen AI
Announces a Next-Generation AI “General Intelligent Agent”
They are launching an app store for AI based apps similar to Apple and Android with a first mover advantage
They nearly doubled the efficiency of their first client’s warehouses, and now receive US$2.5M per year with a 10 year contract

Canada: (VERS:NEO) USA: (OTCQX:VRSSF)

Every twenty years or so, a step-change in technology happens. This is that moment.

Roughly every two decades a technological breakthrough emerges that has the potential to redefine industries and change the way we live and work. VERSES AI, a pioneering fully AI based company, is at the forefront of this transformation, building the foundation for the next generation of intelligent systems. With the world’s first true AI operating system called KOSM, VERSES AI is revolutionizing industries like logistics, supply chain management, and industrial automation. The company has already attracted major organizations as customers and partners and is poised for near term significant growth. Here’s why investing in VERSES AI offers a unique opportunity to be part of this technological revolution.

The KOSM Advantage: Unlocking the Full Potential of AI

VERSES AI is pioneering the development of it’s ground breaking KOSM AI OS, designed to provide a single platform for the development and deployment of AI solutions across various industries. Think of the KOSM AI OS as the foundation upon which AI applications can be built and integrated seamlessly, just as iOS and Android enable app developers to create and deploy smartphone applications. It is modeled after natural systems and the design principles of the human brain and the human experience. Built on open standards, KOSM transforms disparate data into a universal context that fosters trustworthy collaboration between humans, machines, and AI, across digital and physical systems. KOSM allows for the creation of AI applications without the need to learn a new language and can seamlessly integrate with legacy systems.

Real-World Applications: Revolutionizing Warehouse Management

As a proof of concept, the company has successfully demonstrated the potential of KOSM with the Companies WAYFINDER AI Assisted Order Picking app, which has already increased productivity by 35%+ in the supply chain and warehousing sector. In addition to its commercial success, VERSES has also attracted some of the largest organizations in the world as customers and partners, and its underlying protocols have been recognized as a Public Imperative by the IEEE. The Company is currently in multiple pilots with major fortune 500 companies and will be converting them to further revenue generating clients in the immediate future.

North America Artificial Intelligence Market Size, 2019-2030 (USD Billion)

North America Supply Chain Management Market Size, 2018-2029 (USD Billion)

This success has led to a partnership with Blue Yonder, the world’s largest warehouse management provider. With Blue Yonder acting as a reseller for Verses’ AI-driven solutions, the potential for growth is immense. Considering that Blue Yonder has over 3,000 clients worldwide, Verses could see a significant increase in its client base and revenue. This partnership accelerates VERSES ability to equip warehouses and distribution centers with its adaptive intelligence and Spatial Twin management applications, which are designed to generate a unified real-time world model to better simulate and orchestrate workflow optimization, verifiable traceability, and intelligent automation. With persistent challenges facing global supply chains, companies are looking for technology solutions to help navigate this era of unpredictability.

Karl Friston – Leads the Verses AI technical team

A true leader in the field of AI – Dr. Karl Friston joined VERSES as it’s Chief Scientist and is widely referred to as the Einstein of artificial intelligence: Friston’s world-leading expertise in the development and application of Active Inference, which approaches the design of intelligent systems using design principles from nature (i.e., the physics and neurobiology of information processing), will be central to the R&D of the class of next-generation AI systems being developed at VERSES. He leads a team of over 15 fellow PHD’s in the development of Verses applications in multiple sectors.

A Stellar Leadership Team: Experienced Veterans and Leading Scientists

VERSES is led by a team of accomplished technology veterans and advised by some of the world’s leading scientists in AI. CEO Gabriel Rene and President Dan Mapes are co-authors of the an international best-selling book, The Spatial Web, while the company’s Board of Directors includes industry experts such as Jay Samit former Independent Vice Chairman of Deloitte along with Dr. Karl Friston.

VERSES is on a similar trajectory to Amazon, starting with one of the simplest things – moving boxes around warehouses more efficiently. Approximately 92% of global warehouses are not automated and rely on human workers for their operations. It can take an 8-figure investment to automate a warehouse and even then, the full scope of ROI may not be known for years. Additionally, such systems are siloed and not interoperable with other robotics systems, requiring continued investment just to “keep up”.

VERSES has attracted some of the biggest names in business and as mentioned its first client, NRI, is a warehouse group with 18 facilities across Canada and the US that does approximately $100M in annual sales and makes about $8M profit per year. VERSES has deployed its Wayfinder application in 15 of their locations and has nearly doubled the efficiency of NRI’s warehouses, resulting in an average of $8M of annual savings and VERSES receiving approximately $2.5M per year for their work, for a decade. Employee satisfaction has also increased and both training time and turnover are lower.

Is the “Spatial” web the next definition of Web 3.0?

There is a reason that over 100 companies are lined up to work with VERSES, including many Fortune 500 and Global 1,000 companies. VERSES cracked the code for logistics and, in our view, will be a key part of solving the world’s supply chain crisis. Based on the “Green Grass” of what VERSES logistics is doing, this has incredible potential and we believe the coming year will demonstrate that potential as they convert pilots to contracts, and with their integration partners and resellers will begin to scale them to the equivalent of hundreds, then thousands of companies of all sizes.

Key Achievements and Updates:

VERSES AI announced proceeds of $2.48 million from warrant and option exercises, showcasing strong investor confidence in the company’s vision and potential.
Co-founder Dan Mapes and Chief Scientist Karl Friston were invited to keynote the prestigious NL AIC Conference in Utrecht, Holland, demonstrating the recognition of VERSES.AI’s ground breaking work in the AI community.
Since going public the company has successfully raised over $40M CAD to fund further growth and expansion.

Growing Partnerships and Collaborations:

The Future of Verses Technologies: Democratizing AI and Unleashing Growth Potential

Beyond warehouse management, VERSES.AI has its sights set on other industries where AI can be a game-changer. The company is developing a software developer kit (SDK) for its KOSM AI platform, allowing developers to create AI solutions for various applications. Verses plans to launch the KOSM AI App Store, a first-of-its-kind platform for sharing powerful AI-driven apps, models, services, and themes.

Welcome to the world of Verses and the chance to invest in a high growth, AI focussed company that is still under the radar of the market in general. Now is the time to add Verses to your portfolio as the company moves forward on many fronts and converts many pilot projects into revenue generating partnerships. Canada: (VERS:NEO) USA: (OTCQX:VRSSF)