Verses Adds NASA’s Jet Propulsion Lab As Beta Partner For Genius

FULL DISCLOSURE: This is sponsored content for Verses AI.

Verses AI (NEO: VERS) received a boost to its credibility this morning with the announcement that the National Aeronautics and Space Administration, or NASA, is the latest partner to join its beta program for its intelligence as a service platform known as Genius.

More specifically, the Jet Propulsion Laboratory is the unit of the government entity that will be joining the program. They have joined the program as part of a vested interest to standardize infrastructure and to support the space economy. The space community is said to be actively seeking to develop standards for the exploration of space.

With the lunar economy estimated to reach $170 billion by 2040 based on a report from PWC, standards need to be developed not just for governance, but for technical specifications, such as communications, navigation and timing, lunar surface surveying, power distribution and more.

“We believe that interoperability, knowledge sharing, transparency and accountability are prerequisites for collaboration in space and is precisely the kind of application that Genius is uniquely designed to enable,” commented Jason Fox, CTO of Verses.

The Genius platform is built on open standards developed by the Spatial Web Foundation, which sits within the standards defined by IEEE P2874. IEEE is the largest standards development organization globally. The alignment with these open standards is in-line with agencies such as NASA, DARPA, and the John Hopkins Applied Physics Laboratory, who are looking to develop civil lunar infrastructure that interoperates under such standards.

Estimate via PwC.

“I’m thrilled that JPL will participate in the Genius beta program because it represents one more step towards standardization. While serving as CTO of the Open Geospatial Consortium, the standards body responsible for key geospatial information standards, my experience with NASA and JPL is that real tests using running code are an essential step in the adoption of standards,” stated George Percivall within the announcement, who is Vice-Chair of the IEEE P2874 Working Group.

Nasa’s JPL joins peers such as SimWell, Cortical Labs, and NALANTIS, who have already joined the beta program for the Genius platform.

Verses AI last traded at $1.28 on the Neo.


FULL DISCLOSURE: VERSES Technologies is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Verses Technologies. The author has been compensated to cover VERSES Technologies on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Leave a Reply

Video Articles

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

SSR Mining Q1 Earnings: Costs Continue To Climb

Recommended

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

PTX Metals Hits 235.1 Metres Of Copper, Nickel Mineralization In Longest Intercept To Date At W2

Related News

Verses AI Introduces Routing Agent For Wayfinder, Enabling Spatial Computing For Networked Systems

Verses AI (CBOE: VERS) continues with the efforts of integrating physical systems into AI-based services,...
Monday, June 26, 2023, 08:21:59 AM

Bezos Edges Musk In Space Race As NASA Chooses Blue Origin For Mars Mission

In a recent development, NASA disclosed its decision to deploy two scientific spacecraft to Mars...

Thursday, November 23, 2023, 05:36:00 PM

NASA Has Tech That Might Soon Cut EV Charging Times To 5 Minutes Or Less

This week on surprise space news, experimental technology used to cool equipment in space could...

Thursday, October 13, 2022, 04:28:00 PM

New NASA Map Shows the World’s Top CO2 Emitters

A new NASA map shows how Earth is releasing and absorbing carbon dioxide – and...

Thursday, March 9, 2023, 08:40:00 AM

VERSES AI Appoints Alex Kipman As Strategic Advisor

VERSES AI (CBOE: VERS) has a new strategic advisor after the appointment of Analog AI's...
Monday, March 18, 2024, 09:34:01 AM