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.
“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.
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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.