FULL DISCLOSURE: This is sponsored content for Verses AI.
VERSES AI (CBOE: VERS) has a new strategic advisor after the appointment of Analog AI’s founder Alex Kipman to the role.
Kipman is well versed in the field of artificial intelligence, having spent two decades at Microsoft working in the field. There, he most recently worked as Corporate Vice President/Technical Fellow for Mixed Reality and Artificial Intelligence. His past experience includes working with Windows Virtual Reality, Microsoft Mesh, Azure Mixed Reality Services and HoloLens.
Notably Kipman was also named one of the 100 most influential people in the world by Time Magazine in 2011, and was named Inventor of the Year in 2012 by Intellectual Property Owners Education Foundation.
The appointment follows Kipman’s Analog AI partnering with VERSES earlier this year to develop smart city infrastructure in the UAE. Analog, focused on edge computing solutions that enrich human experiences by connecting people, places, and things.
READ: VERSES AI Enters Partnership Focused On Abu Dhabi Smart City Projects
“Alex is a renowned strategic leader and a specialist when it comes to edge computing, spatial computing and machine learning who has partnered with nations and corporations to help artificial intelligence, edge computing and the internet of things (IoT) reach their full potential while working towards our shared vision of creating a better, smarter tomorrow,” commented Gabriel Rene, CEO of Verses.
The company also announced this morning that it has received a US$2.0 million interest free loan through VERSES Technologies USA. The loan comes from two investors, with the loan maturing at the earlier of March 10, 2025, and in the event of raising capital. The loan can be repaid in the form of cash or the issuance of class A subordinate shares at the price of the capital raise.
VERSES AI last traded at $1.66 on the CBOE.
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.
